UGC NET Economics 2025 Question Paper & Answers
The official UGC NET Economics 2025 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 2025 (December 2025 / January 2026 cycle, Paper 2)
120 Mins 200 Marks
100Questions
200Max Marks
Sample questions from UGC NET Economics 2025 (December 2025 / January 2026 cycle, Paper 2)
1In a situation of decline in price of a Giffen Commodity, we find :
- A) positive substitution effect is less than negative income effect
- B) positive substitution effect is more than negative income effect
- C) negative substitution effect is more than positive income effect
- D) negative substitution effect is less than positive income effect
Answer: A
2In a population of men in a city, 3% are observed to suffer form cancer, 15% are found to be smokers, while 10% are noticed to be either smokers or cancer patients. If a man is selected at random, what is the probability that he is a smoker and suffering from cancer ?
- A) 0.08
- B) 0.8
- C) 0.02
- D) 0.2
Answer: A
3The following statements are made in the Union Budget for the year :
A. The FDI limit for the insurance sector will be raised from 74 to 100 percent
B. The FDI limit for the insurance sector will be raised from 51 to 74 percent
C. An investment Friendliness Index of states will be formed
D. The fiscal deficit is estimated to be 4.4 percent of GDP
Choose the correct answer from the options given below :
- A) B, C and D only
- B) A, C and D only
- C) A, B and C only
- D) C and D only
Answer: B
4Which of the following are called "club goods" ?
A. Railways
B. Swimming pool
C. Defense
D. Gym
Choose the correct answer from the options given below :
- A) B and D only
- B) A and B only
- C) B and C only
- D) A and D only
Answer: A
5Which of the following approach has included Time Deposit with commercial banks in the difinition of Money Supply ?
- A) The Conventional Approach
- B) The Chicago Approach
- C) The Fed Approach
- D) The Walters Approach
Answer: B
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Official PYQ
UGC NET Economics 2025 (June 2025 cycle, Paper 2)
120 Mins 196 Marks
98Questions
196Max Marks
Sample questions from UGC NET Economics 2025 (June 2025 cycle, Paper 2)
1Match List-I with List-II:
List-I List-II A. Playing each strategy with probability I. Nash equilibrium B. Maximum payoff given the strategy of other II. Grim trigger strategy C. Long-run behavior III. Best response function D. Period of punishment is infinite IV. Mixed strategy
Choose the correct answer from the options given below:
- A) A-II, B-III, C-IV, D-I
- B) A-I, B-IV, C-III, D-II
- C) A-III, B-II, C-IV, D-I
- D) A-IV, B-III, C-I, D-II
Answer: D
2The null hypothesis that all slope coefficients are simultaneously equal to zero is tested in logit model by:
- A) F-test
- B) t-test
- C) Chi-square test
- D) Likelihood ratio statistics
Answer: D
3Which of the followings is not true ?
- A) The effect of any tax can be decomposed into an income effect and substitution effect.
- B) There is a substitution effect associated with a lump-sum tax
- C) but no income effect.
- D) The greater the substitution effect
Answer: B
4Which of the following are correct about the foreign trade policy (FTP) 2023 of India?
A. India's FTP 2023 promotes cross border trade in digital economy.
B. FTP 2023 emphasized on creation of E-commerce export hubs (ECEH).
C. It prohibits export and import of arms and related material from/to Iraq.
D. It prohibits import of charcoal from Somalia.
Ε. It emphasizes strengthening trade with Democratic People's Republic of Korea in combat aircraft, missiles and arms related materials.
Choose the most appropriate answer from the options given below:
- A) A, D & E Only
- B) D & E Only
- C) A, B & C Only
- D) A, B, C & D Only
Answer: D
5Which of the followings is true in case of a good i.e., "Crowded City side Walk"?
- A) It is non-excludable and non-rivalry in nature.
- B) It is excludable but non-rivalry in nature.
- C) It is non-excludable but rivalry in nature.
- D) It is excludable and rivalry in nature.
Answer: C
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