D12Ec0PII-21-30

 UGC NET Economics (Paper-II)  Dec -2012  

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Q. Nos. 21-30 : Read the following questions and select the right combination of Assertion (A) and Reason (R) from the codes given below :

21.  Assertion (A) : There is a natural tendency to collude under oligopoly.
Reason (R) : Inter-dependence of firms in oligopolistic markets.
Codes :
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
Both (A) and (R) are correct, and (R) is the correct explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect, but (R) is correct.

22.  Assertion (A) : In short run, the marginal cost of output is the cost of additional labour and materials used in production.
Reason (R) : Materials and labour used in production alone vary in short run.
Codes :
(A) is correct and (R) is incorrect.
(A) is incorrect, but (R) is correct.
Both (A) and (R) are correct and (R) is the correct explanation of (A).
Both (A) and (R) are incorrect.

23.  Assertion (A) : Post reform liberal trade policies have stimulated India’s growth.
Reason (R) : Private enterprise got opportunities to contribute to growth of Indian manufacturing industries.
Codes :
Both (A) and (R) are correct, and (R) is the correct explanation of (A).
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
Both (A) and (R) are incorrect.
(A) is incorrect, but (R) is correct.

24.  Assertion (A) : Use of goods and services from which one can be excluded are pure private goods.
Reason (R) : Such goods and services are not provided free by the State.
Codes :
Both (A) and (R) are correct and (R) is the correct explanation of (A).
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect, but (R) is correct.

25.  Assertion (A) : ‘A country is poor because it is poor’.
Reason (R) : Income of a poor country is low, so its savings and investment are low. Low investment limits its productive capacity which leads to low output and income.
Codes :
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
Both (A) and (R) are correct and (R) is the correct explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect, but (R) is correct.

26.  Assertion (A) : All historical events are the result of a continuous economic struggle between different classes and groups in a society.
Reason (R) : This struggle is because of the conflict between the mode of production and the value attached to the roles of different agents of production.
Codes :
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
Both (A) and (R) are correct and (R) is the correct explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect, but (R) is correct.

27.  Assertion (A) : K/L will adjust through time to the equilibrium value of the ratio.
Reason (R) : Technical coefficients of production are fixed.
Codes :
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
Both (A) and (R) are correct and (R) is the correct explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect, but (R) is correct.

28.  Assertion (A) : Investment has a demand effect.
Reason (R) : Investment augments the productivity and income in the economy.
Codes :
Both (A) and (R) are correct and (R) is the correct explanation of (A).
Both (A) and (R) are correct, but (R) is not the correct explanation of (A).
(A) is correct, and (R) is not correct.
(A) is incorrect and (R) is correct.

29.  Assertion (A) : Agriculture is the main source of livelihood of people in India.
Reason (R) : Measures for agricultural development should be undertaken.
Codes :
Both (A) and (R) are correct and (R) is the correct explanation of (A).
Both (A) and (R) are correct, but (R) is incorrect explanation of (A).
(A) is correct, but (R) is incorrect.
(A) is incorrect and (R) is correct.

30.  Assertion (A) : In the following regression equation Y = a + bX, 'a' shows the autonomous value of Y.
Reason (R) : If X = 0, Y = a holds. Hence, a is the minimum value of Y which is independent of any influence of X on Y.
Codes :
Both (A) and (R) are correct and (R) is the true explanation of (A).
(A) is correct, but (R) is not the correct explanation of (A).
(A) is correct, but (R) is not correct.
(A) is incorrect, but (R) is correct.

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