UGC NET Economics (Top 20 MCQ) – Test 1

UGC NET Economics (Top 20 MCQ) – Test 1

UGC NET Economics – Top 20 MCQ Quiz for All Competitive Exam (PGT Teacher, PGT Commerce, UGC NET/JRF, UKSSSC, DSSSB, CTET, PSU Accountant, IAS Exam, IBPS, SBI, PO/Clerk, LIC, State PSU, SSC, Banking, RBI Assistant, LIC Assistant, IBPS Clerk, IBPS RRB Exams)

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Q1. Slope of a curve may remain constant but elasticity still can and does change. This is
एक वक्र का ढलान स्थिर रह सकता है लेकिन लोच अभी भी बदल सकता है और बदल सकता है। ये है

A. Absolutely Right
B. Nothing specific can be said about it
C. this is incomplete statement
D. Absolutely Wrong

Q2. Which of following assumptions is not necessary for cardinal utility theory?
कार्डिनल यूटिलिटी सिद्धांत के लिए निम्नलिखित में से कौन सी धारणा आवश्यक नहीं है?

A. Rationality of consumer
B. Perfectly competitive market
C. Constant marignal utility of money
D. additivity of utility

Q3. Price discrimination under the monopoly depends on the:
एकाधिकार के तहत मूल्य भेदभाव निम्न पर निर्भर करता है:

A. Elasticity of supply for commodity
B. Taxes and overhead costs
C. Elasticity of demand for commodity
D. Size of market where the good is sold out

Q4. Giffen good is one for which a small change in price produces a:
गिफेन माल वह है जिसके लिए मूल्य में एक छोटा सा परिवर्तन एक उत्पादन करता है:

A. positive substitution effect is outweighed by positive income effect
B. Zero income effect is matched by the zero substitution effect
C. Zero income effect is outweighed by the positive substitution effect
D.Negative income effect is outweighed by the positive substitution effect

Q5. Quasi rent is :
अर्ध किराया है:

A. Greater than the firm total profit
B. Equal to the firm total profit
C. not related to the firm profit
D. Smaller than the firm total profit

Q6. Consider the following statements:
1. Under the perfectly competitive market equilibrium condition is P=MC
2. Under the Monopolist competitive market, equilibrium condition is MR=MC
Which of statements given above is/are correct?

A. only 1
B. only 2
C. Both
D. None of these

Q7. Production exhaustion theorem provides the solution to the producer’s long run problem of allocation of total production of each factor. theorem holds good  when:
उत्पादन थकावट प्रमेय प्रत्येक कारक के कुल उत्पाद के आवंटन के निर्माता की लंबे समय तक चलने वाली समस्या का समाधान प्रदान करता है। प्रमेय अच्छा है जब:

A. There are externalities
B. Linear homogeneous production function prevails
C. Factors of production are perfectly indivisible
D. Factors are competitive

Q8. In Pareto optimality analysis, convexity of all indifference curves and concavity of the transformation curves refer to:  
पारेटो इष्टतमता विश्लेषण में, सभी उदासीनता घटता की शंक्वाकारता और परिवर्तन घटता की संक्षिप्तता निम्नलिखित है:

A. Marginal condition
B. Total condition
C. Second order condition
D. Average condition

Q9. When the cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand is:
जब उत्पादन की लागत शून्य होती है, एकाधिकार संतुलन की स्थापना एक स्तर पर की जाएगी जहां मांग की लोच है:

A. Equal to one
B. Less than the one
C. Equal to zero
D. Greater than the one

Q10. Ridge line refers to the locus of the points of :
रिज लाइन के बिंदुओं के स्थान को संदर्भित करता है:

A. Isoquant where marginal product of two factors is one
B. Isoquants where marginal product of one of the factors is zero
C. Isoquant where marginal product of two factors is zero
D. Isoquants where marginal product of two factors is infinity

Q11. If for a particular combination of labor and capital the marginal productivity of capital is 4 units of output and marginal rate of technical substitution is 2 units of capital per unit of labor, the marginal productivity of labor will be:
यदि श्रम और पूँजी के विशेष संयोजन के लिए पूँजी की सीमान्त उत्पादकता उत्पादन की 4 इकाई है और तकनीकी प्रतिस्थापन की सीमांत दर श्रम की प्रति इकाई पूँजी के 2 यूनीट है, तो श्रम की सीमान्त उत्पादकता होगी:

A. 4
B. 8
C. 1/2
D. 6

Q12. In which one of the following market situation, are the firms mutually interdependent in pricing output decision:
निम्नलिखित में से एक बाजार की स्थिति में, क्या कंपनियां मूल्य निर्धारण उत्पादन निर्णय में पारस्परिक रूप से अन्योन्याश्रित हैं:

A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. Monopsony

Q13. Which one of the following statement is not correct about the perfectly competitive market?
निम्नलिखित में से कौन सा कथन पूरी तरह से प्रतिस्पर्धी बाजार के बारे में सही नहीं है?

A. In long run firm only earn only normal profit
B. The firm could incur losses in the short run
C. Individual firm is price taker
D. The demand curve being faced by a firm is unit elastic

Q14. Fair-return-pricing in public utilities implies:
सार्वजनिक उपयोगिताओं में उचित प्रतिलाभ का अर्थ है:

A. Average cost pricing
B. Discriminatory pricing
C. Optimum output pricing
D. Cost-plus pricing

Q15. If there is a perfect substitution between two factors of production, the shape of isoquant is:
यदि उत्पादन के दो कारकों के बीच एक सही प्रतिस्थापन है, तो आइसोक्वन का आकार है:

A. Positively Sloped
B. Linear
C. Non-Linear
D. Right Angled

Q16. In a two input situation (K and L), if one of the inputs say L, is available free of cost to a producer, then the factor-price curve of the producer’s budget curve is :
दो इनपुट स्थिति (K और L) में, यदि इनपुट में से एक L कहती है, एक निर्माता को मुफ्त उपलब्ध है, तो निर्माता के बजट वक्र का कारक-मूल्य वक्र है:
A. Rectangular hyperbolic
B. L-Shaped
C. Horizontal
D. Exponential

Q17. In perfectly competition, the downward sloping part of the marginal value productivity curve of a factor shows:
पूरी तरह से प्रतिस्पर्धा में, कारक के सीमांत मूल्य उत्पादकता वक्र के नीचे की ओर झुका हुआ भाग दिखाता है:

A. Supply of factor
B. Wages of the factor
C. The demand curve for a factor
D. Level of employment of the factor

Q18. If in a purely competitive market with downward sloping demand  and upward sloping supply curve a specific excise tax per unit of output is imposed, then:
यदि शुद्ध ढलान की मांग और ऊपर की ओर ढलान वाली आपूर्ति वक्र के साथ एक शुद्ध प्रतिस्पर्धी बाजार में उत्पादन की प्रति यूनिट एक विशिष्ट उत्पाद कर लगाया जाता है, तो:

A. The price rise is less than the amount of tax
B. Price remains the same
C. The price rise is greater than the amount of tax
D. Price rise by the amount of tax

Q19. Rent earned by a factor of production equals:
उत्पादन के कारक द्वारा अर्जित किराया:
A. The difference between what this factor is currently earning and what it can earn in its next best use
B. It’s current earning
C. sum of what factor earn in its current use and what it can earn in next best alternative use
D. What this factor can earn in next use

Q20. The adding up theorem under the constant returns to scale holds when the factors of production are paid according to their:
पैमाने पर निरंतर रिटर्न के तहत प्रमेय को जोड़ने से उत्पादन के कारकों का भुगतान उनके अनुसार किया जाता है:

A. Total productivities
B. Average productivities
C. Ratio of marginal productivities to average productivities
D. Marginal Productivities


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