UGC NET 2021 Paper 2 Economics Prev Year Paper (24-Nov-2021) (Shift 1)

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UGC NET 2021 Paper 2 Economics exam, held on 24-Nov-2021 (Shift 1), consisted of 100 questions designed to assess candidates' knowledge in the field of education. The paper covered topics such as educational psychology, teaching-learning processes, curriculum development, educational philosophy, and research methods in education. Candidates were evaluated on their understanding of both theoretical concepts and practical applications in the education sector.

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UGC NET 2021 Paper 2 Economics Prev Year Paper (24-Nov-2021) (Shift 1)

120 Minutes

100 Questions

200 Marks

English, Hindi

Showing 1 - 5 of 100 questions

Page 1 of 20

Q1.

In case of indifference curve of two goods X and Y, as consumption of X increases:

MRS _XY increases

MRS _XY decreases

MRS _XY remains the same

First MRS _XY increases but later on MRS _XY decreases

Q2.

General Economic Equilibrium is NOT related to which one of the following problems?

Uniqueness problem

Existence problem

Stability problem

Moral Hazard problem

Q3.

In the short‐run production function, which one of the following is CORRECT?

Technology is assumed to change as labour input changes

Technology is assumed to change as capital stock changes

Technology is assumed to change positively until diminishing returns set in

Technology is assumed to be constant for a given production function relationship

Q4.

As output expands, LAC curve falls. This is due to:

Law of variable proportions

Law of diminishing returns

Economies of scale

Diseconomies of scale

Q5.

In a situation of decision under uncertainty, if a consumer faces equal expected income from two alternatives, then s/he will take decision on the basis of

Expected utility of both the alternatives

Probability of risk attached with each alternative

Variation of risk attached with each alternative

Mean of risk of each alternative

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Page 1 of 20

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