#11 UGC NET/JRF PRACTICE QUESTION ECONOMICS

Anurag Educational Academy

This video contain questions and their answers on the basis of UGC NET/JRF (Economics) Syllabus as well as brief discussion about the following important topics:

👉Stagnant Economy:
    ✔Slow Growth + rise in Unemployment
    ✔Government should opt Expansionary Monetary policy in which increase spending or expenditure and cut in tax rate

👉12th Finance Commission Chairman: C. Rangrajan
11th FCC: A.M. Khusro
13th FCC: Vijay Kelker
14th FCC: Y. V. Reddy
15th FCC: N.K. Singh
✔Bimal Jalan Committee.....????

👉Increase in Government Debt➡️Debt to GDP ratio will increase ➡️Higher intrest payment ➡️Decline in Savings ➡️Bad Ratings by Credit Rating Agencies ➡️Investment will also decline....

👉Balanced Growth: Balanced development of Different sectors of economy
✔Prof Nurkse.......
✔Lwis.....
✔Rogesteen Rodan....
✔Nelson......

👉Canon of Taxation By Adam Smith-1776
✔Canon of Equality
✔Canon of Certainty
✔Canon of Economy
✔Canon of Convenience

By Modern Economists
✔Canon of Elasticity
✔Canon of Productivity
✔Canon of Simplicity
✔Canon of Diversity

👉Relation Between Regression Coefficient and Correlation Coefficient:

✔Correlation Coefficient(r) is the Geometric mean of regression coefficient of both regression lines( X on Y and Y on X)

👉Marshall-Lerner Approach
    ✔Elasticity of Exports +Electricity of Imports must be grater than 1.

👉Match the following:
✔General Theory of Employment intrest and Money-J.M. Keynes(1936)
✔Surplus Value- Karl Marx (with Friedrich Engles)
✔Revealed Preference Theory-P. Samuelson
✔General Equilibrium- Leon Walras -(1874)-"Element Of Pure Economics"

👉Bretton Woods System-(1944-1971)
✔Fixed Exchange Rate


“When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.”
– Alexander Graham Bell



Playlist Link: "Only 10 Question"Series


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Anurag Educational Academy