Name of the University : Govind Guru Tribal University
Exam : Research Eligibility Test 2018
Subject : Paper-II – Economics
Document Type : Model Question Paper
Year : 2018
Website : https://www.ggtu.ac.in/
Download Model Question Paper :
Economics QP : https://www.pdfquestion.in/uploads/25276-EcoQP.pdf
Answer Key : https://www.pdfquestion.in/uploads/25276-Ecoanswer.pdf
GGTU RET Research Eligibility Test Economics Question Paper
No. of Pages in Booklet : 08
No. of Multiple Choice Objective Questions in Booklet : 50
Time : 60
Maximum Marks : 100
Related : Govind Guru Tribal University RET Research Eligibility Test Political Science Question Paper 2018 : www.pdfquestion.in/25271.html
Instructions
1. Answer all the questions.
2. Every question is of two marks.
3. There are no negative marks for incorrect answers.
4. At the commencement of examination, the Question Booklet will be given to you. In the first five minutes, you are requested to open the Booklet an compulsorily examine it as below: Tally the number of pages and number of questions in the Booklet with the information printed on the cover page.
** Faulty Booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct Booklet rom the invigilator within the period of five minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given.
5. Give one answer of each question in a separately provided OMR answer sheet.
6. Rough work is to be done on the back of printed papers.
7. There are four optional answer of each question which have written A, B, C, D in English and v] c] l] n in Hindi respectively. Candidate is required to darken the correct options of the answers of each question in the box givenagainst each question No. on the answer sheet. Use only blue/black ball point pen.
8. If you write your Roll No. or put any mark on any part of the Answer Sheet, except for the space allotted for the elevant entries, which may disclosed your indentity or use abusive language, you will render yourself liable to disqualification.
** Carrying or use of copying material, talking with another candidate during examination isprohibited. Mobile phone or any electronic equipment is prohibited in the examination hall. If any of the prohibited material or any complaint is received against any candidate, necessary action as per rules will be taken against such candidate.
9. In case any of the candidate is found to copying or any unauthorised/prohibited material is found form his/her, anFIR shall be lodged in the Police against that candidate and action will be taken under Rule 3 of the Prevention of Unfair means Act, 1992. Such applicant can be prohibited from appearing in all examination in future.
10. The English version will be treated as standard in case of any ambiguity or printing mistake.
Sample Question
1. “Economic dynamic is that part of economy theory in which every quantity must be dated” Who told this –
(A) Adam Smith
(B) Marshall
(C) Hicks
(D) Schumpeter
2. According to Jevon’s – “Which Law is known as Gauson’s first Law” –
(A) Law of Demand
(B) Law of Supply
(C) Law of diminishing marginal utility
(D) Law of Productivity
3. The “N-M” utility index is related with –
(A) Budgeting
(B) Loaning
(C) Choices & risk
(D) Taxation
4. “Prefect competition is a rare phenomenon” who said this –
(A) Richard godwin
(B) Hazlitt
(C) Chamberlain
(D) Stigler
5. “Such an inferior goods in case where consumer reduce its consumption when its Price falls and increases its consumption when its Price rise” Such good is called –
(A) Food goods
(B) Giffin goods
(C) Private goods
(D) Public goods
6. “The Elements of welfare are state of consciousness and perhaps their relation” Who told?
(A) Marshall
(B) Pigou
(C) Mahatma Gandhi
(D) Adam Smith
7. “A higher rate of economic growth can be achieved through rate of saving and investment (capital accumulation)” this statement is concern with –
(A) New Economics Policy
(B) Modern Development theory
(C) Neo- classical theory of growth
(D) Tax Policy
8. Main tools of monetary policy are –
(A) Two
(B) Four
(C) Six
(D) Eight
9. By which law the relationship between changing rate in Real G.N.P. and unemployment is shown” –
(A) Say’s Law
(B) Okun’s Law
(C) National income calculation rules
(D) Demand’s Law
10. “Tax were regarded as a sort of hail, that destroys some part of the crop” Who said this –
(A) Governor of R.B.I
(B) D.V.T Merreco
(C) Finance minister
(D) Prof. Marshall
11. It is not essential element of Tax –
(A) Compulsory contribution
(B) Common interest
(C) Profitability
(D) Personal obligation to pay
12. Public Expenditure classified in four part by C.C. Pelham on the basis of –
(A) Production
(B) Income
(C) Profit
(D) Expenditure
13. “Pump Priming” is associated with –
(A) Pricing
(B) Budgeting
(C) Public Expenditure
(D) Public Revenue
14. How many “Cannon of Taxation” introduce by Adam Smith?
(A) Four
(B) Fourteen
(C) Five
(D) Fifteen
15. Which New tax have been imposed by Central Govt. instead of direct tax?
(A) Expenditure Tax
(B) Goods & Service Tax [G.S.T.]
(C) Income Tax
(D) None of these
16. Schumpeter’s trade cycle theory is based on –
(A) Multiplier
(B) Acceleration
(C) Innovation
(D) Advertisement
17. “ZERO BASED Budget” was first time introduced by –
(A) China
(B) India
(C) America
(D) Japan
18. Govt of India introduced zero based budget in –
(A) April 1980
(B) April 1987
(C) July 2001
(D) January 2014
19. Long term fiscal policy was introduced by Govt. of India on –
(A) 1st April 1956
(B) 1st April 1995
(C) 19th Dec. 1985
(D) 19th Dec. 2005
20. Lorenz curve is associated with –
(A) Dispersion
(B) Co-relation
(C) Regression
(D) Index No.
Answer Key
1 C
2 C
3 C
4 C
5 B
6 B
7 C
8 B
9 B
10 B
11 C
12 C
13 C
14 A
15 D
16 C
17 C
18 B
19 C
20 A