UGC NET Economics Preparation 2025 | Part 2 | Targeting JRF 2025

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Welcome Learners!

In this video, we solve economics questions from the June 2018 UGC NET exam in a clear and straightforward manner. Stay tuned for easy-to-understand explanations!
Questions covered in this video are as follows:
Q1: A monopolist faces a linear demand curve p = 100 - 4q, while his cost function is C = 50 + 20q. The profit maximizing output for this monopolist is:
a) 40 b) 20 c) 10 d) 5

Q2: For the diagram given below, which of the following is correct in terms of:
(diagram is in the video)
a) dy/dx greater than 0, d^2y/d^2x less than 0
b) dy/dx greater than 0, d^2y/d^2x greater than 0
c) dy/dx less than 0, d^2y/d^2x less than 0
d) dy/dx less than 0, d^2y/d^2x greater than 0

Q3: The price elasticity of demand for a good with the demand function q = kp^(-r), here p is the price, q is quantity demanded, and k & r are positive constants) is:
a) 1 b) r c) 1/r
d) Not constant as the function is non-linear

Q4: An economic region of production consists of:
a) The positively sloped portions of all isoquants.
b) The negatively sloped portions of all isoquants.
c) The middle of all isoquants.
d) The highest points of all isoquants.

Q5: Which amongst the following is/are correct for the Keynesian model?
a) It assumes full employment of resources
b) It ignores the money market
c) It is supply determined
d) None of the above

Q6: Consider the following diagram and the statements:
(diagram is shown in the video - upward sloping saving curve)
i) Supply is positively related to income
ii) marginal propensity to save is positive but less than 1.
Choose the correct answer from the codes given below:
a) only (i) b) Only (ii)
c) Both (i) and (ii) d) Neither (i) nor (ii)

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