J12EcoP2-1-10

UGC NET Economics  (June 2012, Paper-2)   HOME [1-10]  [11-20]  [21-30] [31-40]

11.The core principles of multi lateral trading system are : I. Non-Discrimination II. Reciprocity III. Protectionism IV. Domestic Safeguards Select the right code from the list given below :
I, II and IV are correct.
II and III are correct.
II, III and IV are correct.
I and II are correct

12.Assertion (A) : Many developing countries contend that labour standards constitute a barrier to free trade. Reason (R) : Their competitive advantage in the global economy is cheap labour.
Both (A) and (R) are correct but (R) is not the correct explanation of (A).
Both (A) and (R) are true and (R) is the correct explanation of (A).
(A) is false but (R) is true.
(A) is true but (R) is false.

13.Arrange in order the WTO ministerials : I. Geneva II. Doha III. Hong Kong IV. Seattle
(A) II, IV, III, I
III, IV, I, II
IV, II, III, I
I, IV, II, III

14. What does Hedging mean ?
The acceptance of a foreign exchange risk.
The covering of a foreign exchange risk
Foreign exchange speculation.
Foreign exchange arbitrage

15.In which terms a unit of SDR was originally denominated ?
The world marked value of U.S. Dollar
The gold value equivalent of one US Dollar
name="15" onclick="Show_result(15, this.value)" type="radio" value="c" />The Pound-Sterling
The German Mark

16.Which of the following is an adverse effect of Euro Currency Market ?
International Capital Market
Decrease in World’s Nominal Money Supply
Integration of International Capital Markets
Meeting BOP Deficit

17.Employment Guarantee Scheme was first introduced in
Gujarat
Madhya Pradesh
Maharashtra
Tamil Nadu

18.According to Weber’s Theory of Location, the important factors influencing location are 1. Transport Cost 2. Land Cost 3. Labour Cost 4. Innovation Cost Choose the correct code :
1 & 2
2 & 3
1 & 3
1 & 4

19.Given below are two statements, one labelled as assertion (A) and the other labelled as Reason (R). Assertion (A) : India’s Public sector helped in the development of a sound industrial base. Reason (R) : Public sector is under State control. The role of State in formulating appropriate policies and providing financial and other support has helped the public sector.
(A) is correct, but (R) is wrong.
Both (A) & (R) are correct
(A) is wrong but (R) is correct
Both (A) and (R) are wrong

20.Match ‘labour force’ with the appropriate item from amongst the following :
Work force
All educated
Employed + Unemployed
All rural workers

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