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Thursday, 25 April 2013

D12EcoPII-1-10

UGC NET Economics (Paper-II) Dec -2012

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Q. Nos. 1-10 : Read the following questions and choose the correct answer from the options given below these questions.

1. For downward movement along the iso-quant, MRTS of Labour per unit of capital (MRTS_L,K) is given by
– dK/dL
dK/dL
dL/dK
– dL/dK

2. Charging a different price in different markets is called
price discrimination
second degree price discrimination
third degree price discrimination
perfect price discrimination

3. Which of the following is the most significant in stabilization policy ?
Private investment
Inventory investment
Autonomous investment
Public investment

4. The concept of vicious circle of poverty is associated with
Kindleberger
Schumpeter
Ragnar Frish
Gunnar Myrdal

5. Solow built his model as an alternative to
Kaldor’s model of growth
Ranis-Fei model of growth
Harrod-Domar model of growth
Meade’s model of growth

6. If interest payments are subtracted from gross fiscal deficit, the remainder will be
revenue deficit
gross primary deficit
capital deficit
budgetary deficit

7. Which of the following measures of central tendency will be the most appropriate to use if the data relate to rates, proportions and ratios ?
Arithmetic mean
Median
Harmonic mean
Geometric mean

8. Opportunity cost version of comparative cost advantage doctrine was introduced by
J.M. Keynes
Kindleberger
Haberler
Karl Marx

9. The most popular definition of sustainable development is given by
World Development Report
UNDP Report
Brundtland
IMF Report

10. During the planning period, highest growth rate was achieved during
eighth plan
tenth plan
ninth plan
seventh plan

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