UGC NET 2012 Economics Question Papers.
National Eligibility Test (NET) By UGC 2012 Economics Question Papers with Answers For December and June 2012 NET Exam Paper with Solution Free Download PDF on Economics Paper I, II, III Papers
1. A solution of Walrasian general equilibrium will exist if and only if,
(A) Condition of fixed point theorem is satisfied.
(B) Pareto’s condition of optimality is satisfied.
(C) Hick’s stability conditions are satisfied.
(D) The condition of Pareto’s law of income distribution is satisfied.
2. Select the correct statement of Adding up Theorem.
(A) If income generated by the given output produced during the given period is distributed according to average productivity of all factors, total income will be exhausted.
(B) Total income derived from the output will be exhausted if all factors are paid according to their marginal productivity.
(C) Total income derived from the output will be exhausted if all factors are paid at the same rate.
(D) Total income will be exhausted if all factor rewards are proportional to commodity prices.