D12EcoPII-11-20

 UGC NET Economics (Paper-II)  Dec -2012  

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Q. Nos. 11-20 : Read the questions and select the correct option for the answer from the list given below :

11.  Labour theory of value was propounded by
a. Adam Smith
b. David Ricardo
c. Ragnar Nurkse, Gunnar Myrdal, R.M. Solow
d. Fei-Rani’s, Ragnar Nurkse
Codes :
a and b
a and c
a, b, c
a, b, c, d

12.  The features of the classical system are
a. Monetary factors determine output and employment.
b. Self adjusting mechanism of the economy.
c. State action to direct development.
d. Optimization through market in the absence of state control.
Codes :
a and b
a, b, c
b and d
a, b, d

13.  Concepts of displacement and concentration effect in public expenditure are attributed to
a. A.C. Pigou and J.K. Mehta
b. Alan T. Peacock and Jack Wiseman
c. Kenneth Arrow and Paul A. Samuelson
d. A.R. Prest and I.M.D. Little
Codes :
a and b
b
a, b, c
a, b, c, d

14.  Human Development Index (HDI) is constructed with reference to
a. Life expectancy at birth, real GDP per capita, gross enrolment ratio, adult literacy rate.
b. Life expectancy at birth, real GDP per capita, combined gross enrolment ratio, adult literacy rate.
c. Life expectancy, GDP per capita, infant mortality rate, literacy rate.
d. GDP per capita, infant mortality rate, literacy rate
Codes :
a and b
a and c
c
a, b, d

15.  The unbalanced growth model was propounded first by
a. Albert O. Hirschman
b. H.S. Singer and Raul Prebisch
c. Kindelberger and Ragnar Nurkse
d. W.W. Rostow and Paul Streeten
Codes :
a and b
a and c
a and d
a

16.  Harrod-Domar model of growth is based on the concepts of and their equality
a. Population and productivity growth.
b. Investment and average growth rate of income.
c. Actual, warranted and natural growth rate.
d. Productivity growth and investment growth.
Codes :
a and c
a and d
c
a, b, c

17.  Factor endowment theory is also known as
a. Modern theory of international trade.
b. Classical theory of international trade.
c. Reciprocal demand theory.
d. Factor proportions theory of international trade.
Codes :
a and b
b and c
a and d
c and d

18.  Most important theory of increasing public expenditure is associated with
a. Adolph Wagner’s hypothesis
b. Critical limit hypothesis
c. Administrative efficiency hypothesis
d. Stability of income hypothesis
Codes :
a and b
a and c
a
c and d

19.  Under the Brettonwood system, the long term development assistance was to be provided by
a. IBRD
b. IDA
c. IMF
d. All the above
Codes :
a and b
a, b, c
b and c
d

20.  The Planning Commission of India has recently announced the poverty line as
a. Rs.42 per day per person for urban area.
b. Rs.26 per person per day for rural areas.
c. Rs.32 per person per day for urban areas.
d. Rs.32 per day per person for rural areas.
Codes :
a and b
a and c
b and c
c and d

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Mr U Sangam Kumar Patro , 4th semester, ICT

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