UGC NET Economics 2023 Question Paper & Answers
The official UGC NET Economics 2023 question papers, with the official answer key. Attempt as a real timed exam (with negative marking) or switch to practice mode for instant per-question answers and explanations.
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Official PYQ
UGC NET Economics 2023 (December 2023 cycle, Paper 2)
120 Mins 200 Marks
100Questions
200Max Marks
Sample questions from UGC NET Economics 2023 (December 2023 cycle, Paper 2)
1Which of the following tests has stationarity as the null hypothesis?
- A) ADF Test
- B) Phillips Perron Test
- C) ERS Test
- D) KPSS Test
Answer: D
2Repo rate is the interest rate at which:
- A) The commercial banks borrow from the RBI
- B) The commercial banks borrow from the other commercial banks
- C) The commercial banks deposit money to the RBI
- D) The common people deposit money to the RBI
Answer: A
3Which one of the following are money market instruments?
(A) Treasury bill
(B) Commercial paper
(C) Certificate of deposit issued by banks
(D) government bond
Choose the correct answer from the options given below:
- A) (A) Only
- B) (A) and (B) Only
- C) (A), (B) and (C) Only
- D) (B) and (C) Only
Answer: C
4Match List - I with List - II.
List - I Model/method List - II Feature (A) Logit model (B) Log-log model (C) Autoregressive model (D) Weighted least squares
Choose the correct answer from the options given below:
- A) (A) - (II), (B) - (I), (C) - (III), (D) - (IV)
- B) (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- C) (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- D) (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
Answer: D
5Arrange the following steps of exchange rate channel of monetary transmission mechanism, in correct order, starting from first to last.
(A) reduction in policy rate
(B) capital outflows
(C) depreciation of domestic currency
(D) rise in net exports
Choose the correct answer from the options given below:
- A) (A), (C), (D), (B)
- B) (A), (D), (B), (C)
- C) (A), (B), (C), (D)
- D) (A), (D), (C), (B)
Answer: C
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Official PYQ
UGC NET Economics 2023 (June 2023 cycle, Paper 2)
120 Mins 200 Marks
100Questions
200Max Marks
Sample questions from UGC NET Economics 2023 (June 2023 cycle, Paper 2)
1Suppose good 1 is taken on horizontal axis and good 2 on vertical axis, then what happens to the budget line if the price of good 1 double and price of good 2 triples?
- A) The budget line becomes steeper
- B) The budget line becomes flatter
- C) The budget line become vertical
- D) The budget line remains unchanged
Answer: A
2Suppose that a scarce resource in constant demand will be exhausted in 10 years. If an alternative resource is available at a price of $40 and the interest rate is 10%, what will be the today's price of the scarce resource?
- A) 55.50
- B) 36.40
- C) 24.40
- D) 15.42
Answer: D
3Which one of the following is not a characteristic of market structure?
- A) Vertical integration
- B) Degree of Sellers' concentration
- C) Conditions of entry
- D) Degree of buyers' concentration
Answer: A
4Which of the following is not true in the case of second theorem of welfare economics?
- A) If consumers exhibit convex preferences, every pareto efficient allocation is a possible competitive equilibrium in a pure exchange economy.
- B) In an economy involving production, the convexity of production sets ensures that a pareto efficient allocation can be achieved as a market equilibrium.
- C) It holds when there are increasing returns to scale.
- D) It implies that in the market system, the allocative role and the distributive role can be separated from each other.
Answer: C
5Taylor's Rule tells,
- A) how monetary authority sets interest rate in response to economic activity
- B) how monetary authority maintains bank rate
- C) how monetary authority maintains exchange rate
- D) how government decides the tax rate to increase the tax base.
Answer: A
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