cbsenet.nic.in NET Paper II Economics Model Question : Central Board Of Secondary Education
Organisation : Central Board Of Secondary Education
Exam : National Eligibility Test (NET)
Document Type : Model/Previous Question Paper
Subject : Economics
Year : 10.07.2016 & 28.08.2016
Website : http://cbsenet.nic.in/cbsenet/QuestionPaperJuly2016.aspx
Download Sample Question Paper :
Economics Paper 2 10.07.2016 : https://www.pdfquestion.in/uploads/10404-Economics.pdf
Economics Paper 2 28.08.2016 : https://www.pdfquestion.in/uploads/10404-Economics28.pdf
Economics Paper II Model Question :
Paper – II :
Time : 1 1/4 hours
Maximum Marks : 100
Economics :
Note :
** This paper contains fifty (50) objective type questions of two (2) marks each.
** All questions are compulsory.
Related : Central Board of Secondary Education National Eligibility Test Paper -I 2016 Model Question : www.pdfquestion.in/10397.html
1. In the standard adjoining diagram, the measure of consumer surplus is
(1) PA
(2) OB
(3) AO
(4) AB
2. A cartel aims at maximising
(1) individual profits
(2) industry profits
(3) share of output of members
(4) goodwill of the members
3. The statement that, “no one can be made better off without making someone worse off” describes which of the following ?
(1) Pareto Optimum
(2) Nash Equilibrium
(3) Low level Equilibrium Trap
(4) Cournot’s Equilibrium
4. Slutsky equation explains the
(1) Demand for durable goods.
(2) Supply of durable goods.
(3) Split between price, income and substitution effects.
(4) Demand for rare or non-reproducible goods
5. L shaped average cost curve is witnessed in the large firms because
(1) Only the law of increasing returns operates.
(2) The law of constant returns to scale operates.
(3) Only the law of constant return operates.
(4) The operation of law of decreasing returns is continuously postponed.
6.Consider the following statements regarding the long run equilibrium in the monopolistic market.
I. Firms are in no profit no loss situation.
II. There is no entry or exit of the firms.
Which among the above statements are true ? Answer from the code below :
Code :
(1) Only I is true.
(2) Only II is true.
(3) Both I and II are true.
(4) Neither I nor II are true.
7. Which of the following is not a problem of Insurance Markets ?
(1) Adverse selection
(2) Moral Hazard
(3) Asymmetric Information
(4) Principal-agent problem
8. In consumption, inferior goods have
(1) Negative income effect
(2) Positive income effect
(3) Zero income effect
(4) Infinite income effect
9. Consider the following statements :
I. Inflation is advantageous to debtors.
II. Inflation is advantageous to the bond-holders.
Which of the statements given above is/are correct ?
Codes :
(1) I only
(2) II only
(3) Both I and II
(4) Neither I nor II
10. ‘Near money’ is correctly defined as an
(1) asset which has 100% liquidity.
(2) asset which has no store of value function.
(3) asset which is a medium of exchange.
(4) asset which fulfils the store of value function and can be converted into a medium of exchange at a short notice.
12. In the context of steady state growth in Solow’s model, the output growth rate overtime will be
(1) increasing
(2) decreasing
(3) constant
(4) fluctuating
13. Who among the following economists assume dualism in the economy ?
I. Ranis and Fei II. D. Ricardo
III. Robert Solow IV. R. Harrod
Answer from the codes given below :
Codes :
(1) All the four above
(2) Only I and II
(3) Only IV
(4) I, II and III
14. Who among the following, originally, formulated the ‘Turnpike Theorem’ ?
(1) Dorfman, Samuelson and Solow
(2) Radner
(3) Koopmans
(4) Von Neumann and Morgenstern
15. Backward and forward linkages are relevant for which kind of growth strategy ?
(1) Unbalanced growth
(2) Trickle down growth
(3) Balanced growth
(4) Equilibrium growth
16. ‘Reserve Army of labour’ term was used by who among the following economists ?
(1) J. Schumpeter
(2) J.R. Hicks
(3) Karl Marx
(4) T.R. Malthus
17. Which production function admits both Harrod-neutral and Hicks-neutral technical progress ?
(1) Cobb-Douglas
(2) C.E.S.
(3) V.E.S.
(4) None of the above
18. Match the following :
List – I List – II
(Plan Model) (Proposer)
A. Bombay Plan (i) Sriman Narayan
B. Gandhian Plan (ii) M.N. Roy
C. People’s Plan (iii) Jai Prakash Narain
D. Sarvodaya Approach (iv) Birla and Tata Group
Select the correct answer from the codes given below :
Codes :
A B C D
(1) (iv) (i) (ii) (iii)
(2) (i) (ii) (iii) (iv)
(3) (iii) (ii) (iv) (i)
(4) (i) (iv) (ii) (iii)
19. Which among the following is not a criterion for declaring special category state ?
(1) Over population
(2) Poor infrastructure
(3) Hilly and difficult terrain
(4) Non-viable state finances
20. For the testing of consistency and viability of a planning project, which of the prices are used ?
(1) Market Price
(2) Shadow Price
(3) Administered Price
(4) Controlled Price