Test Preparation on UGC NET Economics Practice Set-3
1.
Assertion (A): Indirect taxes promote inequalityin the distribution of income.Reason (R): Poor bear more burden of indirecttaxes.
2.
Which one of the following statements iscorrect?According to Peacock and Wiseman, publicexpenditure grows
3.
As compared to traditional budgeting, in caseof Performance and Programme BudgetingSystem (PPBS), which one of the followingstatements is correct?
4.
Which one of the following statements iscorrect?Zero-base budgeting implies that
5.
Which one of the following statements iscorrect?The revenue from the imposition of an advalorem tax and that of a unit tax in a perfectlycompetitive market which results in the sameprice rise, are
6.
In which one of the following groups of taxes,do impact and incidence of tax coincide?
7.
The concept of optional taxation, based onwhatever criteria has to cover decision makingat which of the following levels?1. The aggregate amount of taxations and itsdivision between direct and indirecttaxations.2. The composition and rate schedules ofdirect and indirect taxes.3. The composition and revenue schedules ofindirect taxes.4. The composition and revenue schedules ofdirect taxes.Select the correct answer using the code givenbelow:
8.
According to Colin Clark, what is the optimumlimit of taxable capacity?
9.
Which one of the following is not the canon oftaxation as stated by Adam Smith?
10.
What is a curve that shows how much of itsimport commodity is required by a national inexchange for various quantities of its exportcommodity, known as?
11.
Which of the following is/are correct in respectof opportunity cost theory?1. A straight line production possibility curveindicates constant opportunity cost.2. The production possibility curve underincreasing cost would be concave to theorigin.Select the correct answer using the code givenbelow:
12.
Prebisch-Singer thesis enunciates which of thefollowing?1. International trade has been operating as amechanism of international inequalities andhas therefore retarded the development ofless developed countries.2. The strategy of import substitution as ameans to achieve self-sufficiency inindustrial production, has led to malallocationof resources and a very bad effecton industrial productivity.Select the correct answer using the code givenbelow:
13.
If the supply of a commodity is very inelastic inthe exporting country and demand for the sameis fairly elastic in the importing country, theimposition of tariff will have which one of thefollowing?
14.
If an Indian exporter exports to Bangladesh Rs.50,000 worth of goods payable in three months,the balance of payment for India will show whichone of the following?
15.
Devaluation makes Balance of Payments worsein the short-run and then improves it in the longrun.What is this phenomenon known as?
16.
Which one of the following is considered asnon-debt creating foreign investment inflow?
17.
Exchange rates are kept same in all parts ofmarket by using which one of the following?
18.
An over-valued currency in the foreignexchange market will have which one of thefollowing impacts in India?
19.
The inflationary impact of the inflow of foreigncapital in India is neutralized by the ReserveBank of India by which one of the followingmethods?
20.
Which one of the following is the correctsequence in the process of economic integrationbetween different countries?
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