UGC NET Weekly Quiz 4

Which of the following conditions hold true for factor pricing when the factor market is perfectly competitive and the product market is monopolistic?

(A) VMP > MRP  

(B) Both VMP and MRP decreasing  

(C) VMP < MRP  

(D) MRPL = W  

Choose the correct answer from the options given below:  

• (A), (B), and (C) only  

• (B), (C), and (D) only  

• (A), (B), and (D) only  

• All of the above

Who said, "What has been happening to poverty, unemployment, and inequality?" to define real development?

• A) Robert McNamara

• B) Amartya Sen

• C) Dudley Seers

• D) Arthur Lewis

According to Arthur Lewis, development would occur when:

• A) Population falls

• B) Subsidies increase

• C) Labour moves from traditional to modern sector

• D) Agriculture becomes mechanized

Which economist focused on promoting 'human capabilities' as the core of development?

• A) M.D. Morris

• B) Amartya Sen

• C) Kuznets

• D) Mahbub ul Haq

The concept of "basic human needs" gained attention because:

• A) GNP growth solved all development problems

• B) It focused on military spending

• C) Growth failed to address poverty, unemployment, and inequality

• D) It improved foreign trade

Which of the following is not a limitation of the PQLI?

• A) Uses equal weights

• B) Doesn't reflect changes in social structure

• C) Measures income inequality

• D) Limited scope of indicators

What is the RBI's repo rate as of 2024?

• a) 6.0%

• b) 6.5%

• c) 7.0%

• d) 5.5%

Which scheme focuses on early childhood nutrition?

• a) PM POSHAN

• b) Saksham Anganwadi

• c) ULLAS

• d) DIKSHA

What is the primary reason for high food inflation in FY25?

• a) Fuel prices

• b) Vegetables and pulses

• c) Dairy products

• d) Edible oils

What is the new FDI limit in the insurance sector post-Budget 2025-26?

• a) 49%

• b) 74%

• c) 100%

• d) 26%