UGC NET September 2013: Question Papers with Answer Keys: Economics Paper III

University Grants Commission organized the National Eligibility Test (NET) on 08 September 2013 at various centers across the country. UGC had to organise the NET June 2013 again on 08th September 2013 at Delhi and Ranchi Centers due to mis-management and aggression of students.

Click here for UGC NET September 2013: Question Papers: Economics Paper III
Click here for UGC NET September 2013: Answer Keys: Economics Paper III

UGC NET September 2013: Question Papers with Answer Keys: Economics Paper III has been arranged by the Jargranjosh.com in order to make available the same to the candidates who could not appear the UGC NET September 2013 but preparing or aspiring for the same. It is also useful for State Level Eligibility Test (SLET) of different states.

1. Shadow price refers to
(A) Change in the value of the constraint per unit change in the objective function.
(B) Change in the value of objective function per unit change in any one of the constraints.
(C) The change in value of the primal solution per unit change in the dual solution.
(D) All the above.

2. In an economy of two individuals (A & B) and two commodities (X and Y) general equilibrium of exchange is reached when
(A) MRTS_XY = MRTS_YX
(B) MRS_XY = P_X/P_Y
(C) (MRS_XY)_A = (MRS_XY)_B
(D) MRS_XY = P_Y/P_X

3. Match the items in List-I with items in List-II
             List-I                         List-II
a. Various combination that   1. Indifference Map
    a consumer can purchase
b. Various combination of      2. Budget Line
    two commodities that
    give the consumer equal
    satisfaction
c.  A set of indifference         3. Consumer Equilibrium
    curves
d. Point of tangency of          4. Indifference Curves
    a budget line and
    indifference curve
Codes:
     a  b  c  d
(A) 2  4  1  3
(B) 2  1  4  3
(C) 4  1  2  3
(D) 4  2  1  3