Result Oriented SSC & Bank Exam Preparation Tips: UNIT VIII UGC NET ECONOMICS PAPER III MCQS

Unit-VIII

Population and Economic development – interrelation between population, development and environment, sustainable development

Malthusian theory of population, Optimum theory of population, theory of demographic transition, population as ‘Limits to Growth’ and as ‘Ultimate Source’

Concepts of Demography – Vital rates, Life tables, composition and uses, Measurement of fertility – Total fertility rate, gross and net reproduction rate – Age pyramids, population projection – stable, stationary and quasi-stationary population; characteristics of Indian population through recent census

Poverty in India – Absolute and relative; analysis of poverty in India

Environment as necessity – amenity and public goods; causes of environmental and ecosystem degeneration – policies for controlling pollution – economic and persuasive; their relative effectiveness in LDCs; Relation between population, poverty and environmental degradation – microplanning for environment and eco-preservation – water sheds, joint forest management and self-help groups

Role of State in environmental preservation – Review of environmental legislation in India

1. According to Census-2001 data, what is the urban population as percentage of total population of India?

(a) 23.3%

(b) 25.7%

(d) 28.9%

Ans. (c)

2. Consider the following statements in respect of the Tenth Plan

1. This plan has specific monitorable targets in respect of poverty.

2. Decline in incremental capital-output ratio is to be achieved through creating new capacities.

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(d) Neither 1 nor 2

Ans. (a)

3. Assertion (A): There has been a steady

decline in relative poverty in India.

Reason (R): New economic reforms

(1991) are anti-poverty oriented.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans. a

4. Assertion (A): According to national

Sample Survey, the proportion of poor is

higher in rural India than in urban.

Reason (R): After independence, the

growth rate of industry has been lower

than that of agriculture.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans. d

5. Assertion (A): One of the impediments in

the industrialisation of backward areas in

the lack of adequate infrastructural

facilities.

Reason (R): The growth centre approach

announced in 1988 is government of

India's answer to the problem of poor

industrialisation in backward areas.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans. a

6. Assertion (A): One of the impediments in

the industrialisation of backward areas in

the lack of adequate infrastructural

facilities.

Reason (R): The growth centre approach

announced in 1988 is government of

India's answer to the problem of poor

industrialisation in backward areas.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans b

7. The concept of vicious circle of

poverty is associated with

(A) Kindleberger

(B) Schumpeter

(D) Gunnar Myrdal

Ans. d

8. 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) a and b (B) a and c

Ans. a

9. The Planning Commission of India

has recently announced the poverty

line as

a. ` 42 per day per person for

urban area.

b. ` 26 per person per day for

rural areas.

c. ` 32 per person per day for

urban areas.

d. ` 32 per day per person for

rural areas.

Codes :

(A) a and b (B) a and c

Ans. c

10. 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 :

(A) Both (A) and (R) are correct, but

(R) is not the correct explanation

of (A).

(B) Both (A) and (R) are correct and

(R) is the correct explanation of

(A).

incorrect.

(D) (A) is incorrect, but (R) is

correct.

Ans. b

11. List – I List – II

a. Low Income Equilibrium Trap 1. Karl Marx

b. Poverty Measurement 2. Adam Smith

c. Laissezfair 3. Nelson

d. Industrial Reserve Army 4. Suresh

Tendulkar

Codes :

a b c d

(A) 1 2 4 3

(B) 3 4 2 1

(D) 2 1 3 4

Ans. b

12. While analyzing the marginal

productivity theory of distribution,

Clark gave more emphasis on.

(A) Demand for Labour

(B) Supply of Labour

Supply of Labour

(D) Profit Maximization

Ans. a

13. 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.

(A) Both (A) and (R) are correct

but (R) is not the correct

explanation of (A).

(B) Both (A) and (R) are true and

(R) is the correct explanation of

(A).

(D) (A) is true but (R) is false.

Ans. c

14. An agreement between two countries

to maintain a free trade area, a

common external tariff, free mobility

of capital and labour and degree of

unification in government policies

and monetary policy is called

(A) Common market

(B) Free trade area

(D) Customs union

Ans. d

15. Demographers use the crude birth rate as a measure of

a fecundity.

b fertility.

c infant mortality.

d population growth.

Ans. a

16. Who predicted that population would increase by a geometric progression, while food production would increase in arithmetic progression?

a. Thomas Robert Malthus

b. Emile Durkheim

c. Jean Gottman

d. Ferdinand Toennies

Ans b

17. What stage of the demographic transition theory depicts the onset of industrialization?

a. Stage 1

b. Stage 2

c. Stage 3

d. Stage 4

Ans. a

18. An ecologically sustainable culture depends on which of the following strategies?

a. controlling the world’s population

b. development of new resources

c. reducing waste

d. 1 and 3 above

Ans. b

19. The number of live births per 1,000 people in a population in a year is known as ____________.

a. the basic demographic equation

b. the crude birth rate

c. fertility

d. fecundity

Ans. c

20. The nation with a "one family-one child" is ____________.

a. China

b. Indonesia

c. Japan

d. South Africa

Ans. c

21. What is the correlation between rapid population growth and human suffering?

a. To understand the correlation between population growth and human suffering one must factor in the basic demographic equation.

b. The correlation is indirect; meaning the more rapid the population growth the less human suffering is experienced.

c. There is no correlation between population growth and the degree of human suffering.

d. The correlation is direct, meaning the more rapid the population growth the greater the degree of human suffering.

Ans. c

22. According to Thomas Malthus, population increases ____________ while food supply increases ____________.

a. in stages; based on percentage

b. geometrically; arithmetically

c. fractionally; progressively

d. arithmetically; exponentially

Ans. c

23. In demographic transition theory a reduction in the birth rate combined with a reduction in the death rate is characteristic of the stage called ____________.

a. preindustrial stage

b. early industrial stage

c. advanced industrialization and urbanization stage

d. postindustrial stage

Ans. a

24. The dramatic increases in agricultural production that have been made possible by high yield "miracle crops" are called the ____________.

a. biotechnical revolution

b. green revolution

c. greenhouse effect

d. bioeconomic revolution

Ans. c

25. The belief that a disproportionate number of hazardous facilities are placed in areas populated by poor and minority people is called _____________.

a. the greenhouse effect

b. environmental racism

c. environmental degradation

d. anthropocentrism

Ans. c

26. The area of sociology that covers the size, composition, and distribution of populations is called ____________.

a. anthropology

b. environmental sociology

c. demography

d. geography

Ans. a

27. Which of the following represents

the concept of human capital ?

(A) Total human resources

(B) Total population

employed in productive

activities

(D) All of the above

Ans. c

28. Which of the following is not a feature

of the A.W. Phillip’s inflationunemployment trade-off relation ?

(A) A non-linear inverse

relationship between

unemployment rate and the

rate of exchange in wage rate.

(B) There is a loop in the anticlockwise around the Phillip’s

curve.

unemployment relationship is

predictable.

(D) Philip’s curve shifts when

expected rate of inflation shifts

Ans. b

29. Suppose there is full employment

and vertical aggregate supply

schedule. An increase in the nominal

money supply

(A) reduces the rate of interest and

changes the composition of

output

(B) causes a proportional increase

in real output

supply or the composition of

output

(D) causes the real money supply

to increase, which changes

composition of output

Ans. a

30. Which of the following Committees

has been set up in India for

identification of BPL families in

urban areas ?

(A) Tendulkar Committee

(B) Saxena Committee

(D) Hashim Committee

Ans. b

31. A major financial inclusion initiative

named ‘Swabhiman’ was formally

launched on

(A) February 2010

(B) February 2011

(D) February 2008

Ans. c

32. Population growth rate in India was

negative in

a. 1901-11

b. 1911-21

c. 1921-31

d. 1931-41

Ans. d

33. Of all the additional rural programmes,

which one of the following was stressed

during the Sixth plan?

a. Integrated rural development

b. Rural literacy development

c. Rural railways

d. Advanced communication link for

rural people

Ans. c

34. Which one of the following is the main

cause for the relisation of modest

agricultural targets of India's first Five

year Plan?

a. Abolition of intermediaries

b. The markets set up for selling new

reproducible capital to farmers.

c. 'Co-operative commonwealth' in the

rural sector

d.Good monsoons

Ans. d

35. Reviewing the over-all achievements of

planning in all the Five Year Plan, the

Government daft of the sixth Plan

mentions: "It is a cause of legitimate

national pride that over this period no

stagnant and dependent economy has been

modernized and made more self-reliant".

Then which model of development are

these achievements ascribed?

a. Gandhian Model

b. Mahalanobis model

c. Marxian model

d.Agricultural Fundamentalists' model

Ans. c

36. Which one of the following resources is

the most crucial input in India's new

agriculture, technology, responsible for the

Green Revolution?

a. Fertilizers

b. HYV seeds

c. Agricultural Machinery

d. Irrigation

ans. c

37. Which one of the following states has

made the least progress in respect of

consolidation of holdings?

a. Bihar

b. Uttar Pradesh

c. West Bengal

d.Orissa

Ans. c

38. Assertion (A): One of the impediments in

the industrialisation of backward areas in

the lack of adequate infrastructural

facilities.

Reason (R): The growth centre approach

announced in 1988 is government of

India's answer to the problem of poor

industrialisation in backward areas.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans, c

39. Assertion (A): Guaranteeing right to work

is a full employment policy.

Reason (R): This is a necessary condition

for solving unemployment in India.

a. Both A and R are true and R is the

correct explanation

b. Both A and R are true but R is not a

correct explanation

c. A is true but R is false

d. A is false R is true

Ans. c

40.Due to a scarcity of resources,

a. every society must undertake central planning

b. the government must decide how to allocate available resources

c. some members of each society must live in poverty

d. every society must choose among competing uses of available resources

e. resource availability exceeds the possible uses for available resources

Ans. (d )

41. The three primary systems for allocating resources are

a. tradition, command, and central planning

b. tradition, central planning, and communal

c. command, market, and socialism

d. tradition, command, and market

e. communal, command, and capitalism

Ans. d

42 The law of increasing opportunity cost is based on the idea that

a. wages tend to increase with the level of employment

b. interest rates tend to rise with increasing inflation

c. labor costs for a typical firm are a large and growing proportion of total cost

d. most resources are better suited to producing some goods than others

e. the less of something we produce, the greater is the opportunity cost of producing still more

ans. d

43. If an economy's production possibilities frontier shifted to the right, this would illustrate

a. increasing opportunity cost

b. decreasing opportunity cost

c. a fall in resource utilization

d. economic growth

e. a rise in resource utilization

Ans. d

44 Opportunity costs arise in production because

a. resources are unlimited

b. resources must be shifted away from producing one good in order to produce another

c. wants are limited in society

d. monetary costs of inputs usually outweigh non-monetary costs

e. the monetary costs of only a few resources are zero

Ans. b

45. The poorest region of the world is

a. the Middle East.

b. sub-Saharan Africa.

c. Asia.

d. Latin America.

Ans. c

46. Of the world's population, what portion lives in developing countries?

a. approximately 35%.

b. approximately 80%.

c. nearly 10 billion people.

d. less than 1 billion people.

Ans. a

47. Economic development refers to

a. economic growth.

b. economic growth plus changes in output distribution and economic structure.

c. improvement in the well-being of the urban population.

d. sustainable increases in Gross National Product

Ans. c

48. Assertion (A): The Ricardian theory of comparative costs s based on the labour theory of value. Reason (R): Labour theory of value holds good in domestic trade, but breaks down when applied in international trade.

a. Both A and R are true and R is the correct explanation of A

b. Both a and R are true but R is NOT the correct explanation of A

c. A is true but R is false

d. A is false but r is true

Ans. c

49. Assertion (A): The effective-protection approach has been wide practiced by the industrial advance countries.

Reason (R): Industrialized countries impose relatively lower tariff on capital goods.

a. Both A and R are true and R is the correct explanation of A

b. Both a and R are true but R is NOT the correct explanation of A

c. A is true but R is false

d. A is false but r is true

Ans. d

50. Assertion (A): Technological change is regarded as an important factor in the process of economic growth.

Reason (R): Changes in the technology leads to increase in the production of labour, capital and other factors of production.

a. Both A and R are true and R is the correct explanation of A

b. Both a and R are true but R is NOT the correct explanation of A

c. A is true but R is false

d. A is false but r is true

Ans. c

51. Assertion (A): The growth of per capital income in India is slow.

Reason (R): India has experienced a high rate of growth of population.

a. Both A and R are true and R is the correct explanation of A

b. Both a and R are true but R is NOT the correct explanation of A

c. A is true but R is false

d. A is false but r is true

Ans.b

52. Assertion (A) India's occupational structure has remained more or less the same over the years. Reason (R): Investment pattern has been largely directed towards capital intensive industries.

a. Both A and R are true and R is the correct explanation of A

b. Both a and R are true but R is NOT the correct explanation of A

c. A is true but R is false

d. A is false but r is true

Ans. c

53. Assertion (A): The socio-economic growth strategy should aim at significant redistribution of income and consumption.

Reason (R): A substantial in reduction in poverty is possible only through production relation which help redistribution income in favour of the poorer sections of the population.

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is NOT a correct explanation of A

c. a is true but r is false

d. A is false but R is true

Ans. a

54 Assertion (A): The income gap between the rich and he poor countries keeps widening even when the rates of growth of incomes poor countries are higher than those of rich countries.

Reason (R): The differences in the base levels of incomes of the we group wo groups of countries are very wide.

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is NOT a correct explanation of A

c. a is true but r is false

d. A is false but R is true

Ans. d

55.Assertion (A): Internal trade along the lines of comparative advantage improves allocative efficiencies of existing resources.

Reason (R): International trade is a engine of growth

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is NOT a correct explanation of A

c. a is true but r is false

d. A is false but R is true

Ans. a

56. The targeted growth rate of income for an economy is 8% per annum. The capital-output ratio is assumed to be 3.5 : 1.The domestic savings generated are 25% of income in the economy. What is the current account deficit consistent with the targeted growth rate?

(a) 2% of income

(b) 3% of income

(d) 4% of income

Ans. b

57. According, to population experts, the possible demographic bonus may accrue to India by 2016 A.D. Which phenomenon are they referring to ?

(a) A sharp drop in the total population

(b) A well-balanced sex ratio

(d) A surge in the population in the productive age group

Ans. a

58. 'What is the long-term objective of National Population Policy (NPP), 2000 ?

(a) To bring the Total Fertility Rate (TFR) to replacement levels

(b) To achieve a stable population at a level consistent with the requirement of sustainable economic growth

(d) To cover the entire population in the reproductive age I with contraceptive www

and health care

Ans. b'

59. According to the 2001 Census, what is the total work participation rate in India?

(a) 37,.64%

(b) 39.3%

(d) 46.9%

Ans. d

60. Which one of the following exhibits the feature of occupational distribution of population in India according to the 2001 Census?

(a) Rapidly increasing importance of secondary and tertiary sectors and relative stability of the primary sector .

(b) Rapidly increasing importance of primary sector

(d) Relative stability of all three sectors – primary, secondary and tertiary

Ans. b

61. Consider the following statements:

New strategy adopted by the Government of India in Tenth Plan for alleviating poverty relates to

1. Income generation orientation, by way of mobilizing savings and developing the self-help groups.

2. Distribution of assets and providing cheap loan.

3. Employment orientation by way of food for work.

4. Enhancing public investment in agriculture sector.

a) 1,2, and 4

b) 2,3, and 4

(d) 1,.2, 3 and 4

Ans. d

62. Match List I (Curve) with List II (Equilibrium) and select the correct answer using the code given below:

List I List II

A. LM curve 1. Equilibrium in labour and money markets

B. AD curve 2. Equilibrium in money market

C. AS curve 3. Equilibrium in labour market

D. IS curve 4. Equilibrium in goods and money market

5. Equilibrium in goods market

A B C D

(a) 5 4 3 2

(b) 2 3 I 5

(d) 2 4 3 5

Ans. c

63. Country A produces good X by using a lower quantity of labour and good Y by using a higher quantity of labour as compared to country B. Assuming labour theory of value, which of the following statements are correct?

l. Country A has an absolute advantage in the production of good X.

2. Country A has a comparative advantage in the production of good X.

3. Country B has an absolute advantage in the production of good X.

4. Country B has a comparative advantage in the production of good X. Select the correct answer using the code given below:

Codes

(a) I and 2

(b) I and 3 .

(d) I, 2 and 3

Ans. d

64. Which one of the following' is not a criterion for identifying backward

districts as laid down by Planning Commission?

(a) Per-capita industrial output

(b) Ratio of agricultural labour to total population

(d) Per-capita consumption of electricity

Ans. a

65. The Green Revolution has led to marked increase in which of the following?

I. Regional inequalities

2. Inter-personal inequalities

3. The productivity of wheat

4. The productivity of pulses

Select the correct answer using the code given below:

(a) 4 only

(b) I. 2, 3 and 4

(d) I, 2 and 3

Ans. b

66.The number of women entrepreneurs in small scale industrial region is highest in the state of?

(A) Karnataka

(B) Kerala

(D) Tamil Nadu

Ans. d

67. Employment elasticity of growth is measured as?
(A) Employment growth rate / GDP growth rate
(B) Employment growth rate/Population growth rate
(C) Employment growth rate/Unemployment growth rate
(D) Employment growth rate// Per capita income growth rate

Ans. a

68. The fundamental equation in Harrod’s growth model is defined?
(A) In terms of rate of growth of output
(8) In terms of rate of growth of technology
(C) In relation to the path of capital-labour ratio
(D) In terms of rate of change of capital-output ratio

Ans. c

69 A factor of production is used by a producer at that stage where the marginal production of the factor is?
(A) Increasing, but positive
(B) Increasing, but negative
(C) Decreasing, but positive
(D) Decreasing, but negative

Ans. c

70. The Kuznet’s curve shows the relationship between?
(A) Economic growth and income inequality
(B) Unemployment and inflation
(C) Tax rate and tax revenue
(D) Economic growth and inflation

Ans. b

71. Select the correct statements regarding the Balanced Growth theory
Statements:
1 It is a static concept
2. It is a dynamic concept
3. It recognises the significance of economic independence
4. It recognises the significance of economic interdependence.
Code
(A) 1 and 4
(B) 2and 3
(C)1 and 3
(D) 2 and 4

Ans. d

72. For setting up new industrial parks and in established industrial parks, the Foreign Direct Investment under automatic route has been allowed?
(A) Upto 26percent
(B) Upto 49 per cent
(C) Upto 74 per cent
(D) Upto 100 per cent

Ans. a

(73) Interest of the developed world in the development of under developed economies on:

(a) General political freedom and promotion of free societies

(b) If world is not free their freedom would be in danger

(d) Developed countries need customers for their surplus production.

Ans. c

(74) The greatest requirement for economic development is:

(a) To sacrifice present enjoyment for tomorrow’s benefit.

(b) Increase in National income.

(d) Mechanization of agriculture

Ans. c

75. the theory of comparative advantage from international trade considers the difference between the trading countries’ factor prices arising from the different in:

(a) factor productivity

(b) factor intensity

(d) both (a) and (c)

(e) all of these

Ans. c

76) The best and comprehensive definition of economic development was presented by:

(a) Higgins

(b) Maddison

(d) None of these

Ans. c

77. Consider the following statements:
A. Annual Survey of Industries (ASI) extends to the entire country
B. ASI covers all factories registered under Sections 2m (i) and 2m (ii) of the Factories Act 1948.
Which of the statements given above is/are correct?
(a) A only
(b) B only
(c) Both A and B
(d) Neither A nor B
Ans. (b)

78. Why is demographic dividend likely to be manifested in India in future?
(a) Population in the age group between 8-15 years is likely to increase
(b) Population of children below 7 years is likely to increase
(c) Population in the age group of 15-64 years is likely to increase
(d) Population in the age group above 65 years is likely to increase
Ans. (c)

79. What is the approximate share of SSIs in gross industrial value added in the Indian economy?
(a) 25%
(b) 30%
(c) 40%
(d) 45%
Ans. (d)

80. Which group of infrastructure industry has the highest gap in targets and achievements of production during the year 2006-07?
(a) Fished Steel
(b) Crude Petroleum
(c) Power
(d) Fertilizers
Ans. (a)

81 Consider the following agreements:
A. ISLFTA. (India -Sri Lanka Free Trade Agreement).
B. SAFTA (South Asia Free Trade Area).
C. CECA (Comprehensive Economic Co-operation Agreement between India and Singapore).
D. SAPTA (South Asia Preferential Trade Area).
Which one of the following is the correct chronological sequence of the above agreements?
(a) A, C, B, D
(b) D, A, B, C
(c) B, A, D, C
(d) A, B, C, D
Ans. (a)

82. What is a strategy which makes an all-out effort to provide the masses of people in India access to basic facilities such as health, education, clean drinking water, etc., termed as?
(a) Inclusive growth strategy
(b) Exclusive growth strategy
(c) Rapid growth strategy
(d) Balanced growth strategy
Ans. (a)

83. It Which sector has attracted highest FDI inflows during the period from August 1991 to September2006 (in % share)?
(a) Services sector
(b) Electrical equipments
(c) Telecommunications
(d) Transportation industry
Ans. (b)

84. Prebisch-Singer thesis enunciates which of the following?

1. International trade has been operating as a mechanism of international inequalities and has, therefore, retarded the development of less developed countries.

2. The strategy of import substitution as a means to achieve self-sufficiency in industrial production, has led to ma! allocation of resources and a very bad effect on industrial productivity.

Select the correct answer by using the code given below

(a) l only

(b) 2 only

(d) Neither 1 nor 2

Ans. (a)

85. Which one of the following is not a component of foreign aid of a country?

(a) Bilateral grant

(b) Multilateral grant

(d) Commercial borrowing

Ans. (d)

86. What is the assumption that economic growth will percolate down to all sectors, known as?

(a) Dispersal theory

(b) Trickle down theory

(d) Decentralized growth theory

Ans. (b)

87. Consider the following A dual economy implies

1. the existence of domestic and export markets.

2. modern industry and commercial agriculture co-existing with subsistence farming and traditional handicrafts.

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(d) Neither 1 nor 2

Ans. (b)

88.Which one of the following is the correct expression for the actual rate of growth (g)?

(a) g = s/c

(b) g = s x c

(d) g =

Where s = the ratio of saving to income

c = actual incremental capital- output ratio

Ans. (a)

89. Match List-I with List-II and select the correct answer by using the code given below the lists:

List-I List -II

(Model) (Proposition)

A. Marxist model of economic development 1.Give importance to

non-economic variables

B. Harrod-Domar growth model 2. Flexible capital-output ratio is assumed

C. Solow’s growth model 3. Productive capacity is equal to

aggregate demand

D. Kaldor’s growth model 4. Structural Mal –adjustment in a

growing economy

Code:

A B C D

(a) 4 2 3 1

(b) 1 3 2 4

(d) 1 2 3 4

Ans. (c)

90. The Feldman – Mahalanobis growth model, which one of the following strategies is followed?

(a) Emphasize the consumer goods first and then the investment goods

(b) Emphasize the investment goods first and consumer goods later

(d) Put emphasis on foreign trade only

Ans. (c)

91. What are the sufficient conditions for operation of stage theories of growth?

1. Well-integrated commodity and money markets.

2. Highly developed transport facilities

3. Well-trained workforce and an efficient bureaucracy

4. Existence of a federal structure.

Select the correct answer by using the codes given below

(a) 1, 2, and 4

(b) 2, 3, and 4

Ans. (d)

92. What is the correct sequence of the Marxian stage theory of growth?

1. Slavery

2. Primitive Communism

3. Socialism

4. Communism

5. Feudalism

6. Capitalism

Select the correct answer by using the codes given below

(a) 1—2—3—4—5—6

(b) 2—1—5—6—3—4

(d) 2—1—5–6—4—3

Ans. (b

93. In which of the following y was the highest growth of general index of industrial production in India registered?

(a) 2001-02

(b) 2002-03

(d) 2004-05

Ans. (d)

94. Growth rate in NNP at factor cost (at constant prices) has been highest during which Five-Year Plan?

(a) Ninth Plan

(b) Eighth Plan

(d) Fifth Plan

Ans. (b)

95. What is the principle which is applied to redress the imbalance between distribution and welfare, known as?

(a) Principle of taxation

(b) Compensation principle

(d) Principle of supply

Ans. (b)

96. Consider the following statements

1. The MPC is higher in a poor country and lower in a rich country.

2. Higher the MPC, higher will be the value of multiplier.

3. Lower the M lower will be the value of multiplier.

Which of the statements given above are correct?

(a) 1 and 2

(b) 1 and 3

(d) 1 2 and 3

Ans. (a)

97. what is the empirically fitted relationship between the rate of change of money wages and rate of unemployment, known as?

(a) Baumal’s Hypothesis

(b) Keynesian Model

(d) Phillip’s Curve

Ans. (d)

98. Which curve shows that how much of its import commodity is required by a nation in exchange for various quantities of its export commodity?

(a) Offer curve

(b) indifference curve

(d) Production possibility curve

Ans. (a)

99. Match List- I (Economist) with List -II (Concept) and select the correct answer using the codes given below the lists:

List- I List -II

(Economist) (Concept)

A. Pareto 1. Compensation Principle

B. Hicks-Kaldor 2. Social Welfare Function

C. Bergson 3. Social Optimum

D. Scitovsky 4. Double Criterion Compensation

Code:

A B C D

(a) 3 1 2 4

(b) 2 4 3 1

(d) 2 1 3 4

Ans. (a)

100. Which one of the following statements is correct?

In a production process with two factors, land and labour, if the marginal productivity of land is negative, then it is in

(a) the stage I for land and stage II for labour

(b) the stage II for land and labour

(d) the stage I for labour and stage III for land

Ans. (b)

101. Which of the following groups are adversely affected by inflation?

A. Wage earners in the informal sector.

B. Profit earners.

C. Salary earners with salaries indexed to inflation

D. Pensioners with fixed pensions.

Select the correct answer using the codes given below:

(a) A and B

(b) C and D

(d) B and C

Ans. (a)

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Wednesday, April 17, 2013

UNIT VIII UGC NET ECONOMICS PAPER III MCQS

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