University Grants Commission organized the National Eligibility Test (NET) on 30 June 2013 at various centers across the country. This year about eight lakh candidates had registered for the test and there were 79 coordinating universities to conduct the UGC NET June 2013.
UGC NET June 2013: Question Papers with Answer Keys: Economics Paper II has been arranged by the Jargranjosh.com in order to make available the same to the candidates who could not appear the UGC NET June 2013 but preparing or aspiring for the same. It is also useful for State Level Eligibility Test (SLET) of different states.
1. Under Cournot Model of Duoply, each duopolist will produce.
(A) Half the output
(B) One-fourth of the output
(C) One-sixth of the output
(D) One-third of the total output
2. As long as the substitution effect dominates the income effect, the labour supply curve is.
(A) Negatively sloped
(B) Positively sloped
(C) Bend backward
(D) Shifting towards left
3. The distinguishing characteristics of monopolistic competition are
I. Product differentiation
II. Non-price competition
III. Large number of firms and freedom to entry and exit
IV. Firms are interdependent
(A) I & III are correct.
(B) I, II and IV are correct.
(C) I, II and III are correct.
(D) I, III and IV are correct.