NTA UGC NET/JRF Re-Exam, June-2024 Economics

Total Questions: 100

51. The quadratic form ax² + by² + 2hxy, x = y = 0 is negative for all values of x and y (other than x = y = 0) if and only if:

Correct Answer: (c)
Solution:

The quadratic form ax² + by² + 2hxy is negative for all values of x and y (other than x = y = 0) if and only if

52. Match List-I with List-II.

List-IList-II
(A) Bank run(I) D. Pearce
(B) q-ratio(II) M. Yunus
(C) Genuine saving(III) P. Diamond
(D) Micro(IV) J. Tobin

Choose the correct answer from the options given belows:

Correct Answer: (b) (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
Solution:
List-IList-II
(A) Bank run(III) P. Diamond
(B) q-ratio(IV) J. Tobin
(C) Genuine saving(I) D. Pearce
(D) Micro(II) M. Yunus

53. Consider the following statements regarding Regional Rural Banks (RRBs) in India:

(A) RRBs were setup on the basis of the recommendation of Narasimham working group, 1975
(B) The largest proportion of the equaity of RRBs is held by its sponsor bank
(C) NABARD coordinates all the activities of RRBS
(D) RRBs are lead Bank
(E) RRBs are provided refinance facilities through NABARD
Choose the correct answer from the options given below:

Correct Answer: (a) (A), (C), (E) only
Solution:

Statements regarding RRBs in India:-
(i) RRBs were setup on the basis of the recommendation of Narasimham working group,. 1975.
(ii) NABARD coordinates all activities of RRBs.
(iii) RRBs are provided refinance facilities through NABARD.

54. Which organization has developed the UPI system in India and in which year?

Correct Answer: (d) NPCL
Solution:

NPCL, developed UPI system in India in year 2016.

55. Solve the following question?

Correct Answer: (a) Output elasticities of inputs
Solution:

In the cobb-Douglas production function q = ALα = Kβ, where A, α βare all positive, the parameters a and ẞ measure output elastic ties of inputs.

The constant α and ẞ represents output elasticity coefficients of labor and capital respectively.

56. India is a member of which of the following institutions of the world bank group?

(A) Internatinal Centre for Settlement and Investment Dispute
(B) Internatinal Development Association
(C) International Finance Corporation
(D) Multilateral Investment Guarantee Agency
(E) International Bank for Reconstruction and Development
Choose the correct answer from the options given below

Correct Answer: (c) (B), (C), (D), (E) only
Solution:

Institution of world bank group.
(i) International Development Association
(ii) International Finance Corporation
(iii) Multilateral Investment Guarantee Agency.
(iv) International Bank for Reconstruction and Development.

57. Suppose savings functions is S = - 5 + 0.32q, then find the correct answer from below:

Correct Answer: (d) APC > MPC
Solution:



58. A feasible solution in a linear programming problem (LPP):

(A) Must satisfy all the problem's constructions simultaneously
(B) Need not satisfy all the constrains, only some of them
(C) Must be a corner point in the feasible regions
(D) May or may not optimize the value of the objective function
(E) Must be greater than or equal to zero
Choose the correct answer from the options given below:

Correct Answer: (a) (A), (D), (E) only
Solution:

A feasible solution in a line a programming problem LPP-
(i) Must satisfy all the problem's constraints simultaneously.
(ii) May or may not optimise the value of the objective function.
(iii) Must be greater than or equal to zero.

59. A and B are two events such that P(A̅)=0.4 and P(A∩B) = 0.2, then P(A∩B̅) is:

Correct Answer: (a) 0.4
Solution:

60. Identify the correct statements from below:

(A) According to environmental valuation theory, option value = future use value + bequaest value + vicarious value
(B) Adverse selection leads to markets failure
(C) Contingent valueation method is a type of cost benefit analysis
(D) Public goods and common goods have same characteristics
(E) Internal rate of reture is a criterions in cost bebefit analysis
Choose the correct answer from the options given below:

Correct Answer: (c) (A), (B), (E) only
Solution:

(i) According to environmental valuation theory, option value = future use value + bequest Value + Vicarious Value.
(ii) Adverse selection leads to market failure.