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Exam Details

ECONOMICS JANUARY PAPER 3 2017

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Questions 75
Duration 180 mins
Package UGC NET & SET - Previous Year Papers

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Showing all 75 questions in this paper.

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Difficulty distribution

Medium 45 60%
Easy 21 28%
Hard 9 12%

Question type distribution

Multiple Choices 75 100%

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Sample

Sample questions from this paper

Questions are selected across the paper subjects wherever the paper contains that variety.

1
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
Which among the following is/are true for a Cartel?
I. It aims at maximising of individual firm’s profit.
II. It decides the total output in the industry to which Cartel represents.
III. It does not fix the price at which members sell their output.
Answer from the code below:
A
All are true.
B
I and II are true.
C
Only II is true.
D
Only I and III are true.
2
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
Why does the demand curve have a negative slope?
I. Due to income effect only
II. Due to substitution effect
Answer from the code below:
A
Both I and II
B
Only I
C
Only II
D
Neither I nor II
3
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
In the entry prevention model of Bain, firms charge premium over
A
Long period competitive price
B
Lowest average cost
C
None of the above
D
Short period competitive price
4
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
Which among the following is not well matched?
A
A
B
B
C
C
D
D
5
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
The slope of the production possibility curve is the
A
marginal rate of exchange
B
marginal rate of substitution
C
average rate of transformation
D
marginal rate of transformation
6
2017 · Unclassified
ECONOMICS JANUARY PAPER 3 2017
The gain in profit income from an increase in immigration according to this diagram is:
A
the area BDL'L
B
the area of WBDW'
C
the areas WBDW' and FDL'L together
D
the areas WBFW' and FDL'L together