UGC NET Economics Paper II Answer Key

1. In which one of the following market situation are the firms mutually interdependent in pricing and output decisions ?

[A] Oligopoly

[B] Monopsony

[C] Monopoly

[D] Monopolistic Competition

Loading...

2. "Value and Capital" is written by who among the following economists ?

[A] Hanson

[B] Philipes

[C] Ursula

[D] J.R.Hicks

Loading...

3. Giffen Paradox occur when income effect is ?

[A] Greater than the substitution effect

[B] Equal to the substitution effect

[C] Less than the substitution effect

[D] Less than the substitution effect

Loading...

4. Which one of the following curves will respond the supply curve of labour ?

[A] Marginal product curve of labour

[B] Marginal revenue product curve of labour

[C] Value of marginal product curve of labour

[D] Average product curve of labour

Loading...

5. Limit price refers to the ?

[A] Price which maximizes the profits of the firm

[B] Price which prevents entry of new firms

[C] Price at which firm just starts earning a surplus over cost

[D] Maximum price which the firm is allowed to change

Loading...

6. General Pareto Optimality exists where ?

[A] a

[B] b

[C] c

[D] d

Loading...

7. Advertisement is common in which of the following markets ?

(i) Oligopoly
(ii) Perfect Competition
(iii) Monopolistic Competition
(iv) Monopoly

Choose from the codes below:

[A] (i) and (iii)

[B] (ii) and (iii)

[C] Only (i)

[D] Only (iii)

Loading...

8. Intellectual property rights regime is managed by ?

[A] IMF

[B] W.T.O

[C] European Union

[D] SAARC

Loading...

9. Which of the following statements are true for a Euro currency market ? Answer from the codes below:

(i) Its existence affects the effective conduct of monetary policy
(ii) It is a highly regulated market.

[A] Both (i) and (ii) are true

[B] Neither (i) nor (ii) is true

[C] Only (i) is true

[D] Only (ii) is true

Loading...

10. According to Heckscher - ohlin theorem, a nation will export a commodity which is ?

[A] Intensive in its relatively abundant factor

[B] Intensive in its relatively cheap factor

[C] Both (1) and (2) are necessary

[D] Neither (1) nor (2) in necessary

Loading...

UGC NET Economics Paper II Answer Key

Related Quizzes