UGC NET Economics Unit 8 PYQs, Important Questions with Answers

UGC NET Economics Unit 8 PYQs focus on the important area of Growth and Development Economics, which is a key part of the Economics syllabus. This unit helps candidates understand how economies grow, how development is measured, and how inequality and poverty are analyzed.

It includes important theories, indicators, and models such as HDI, HPI, Endogenous Growth Theory, and contributions of economists like Schumpeter, Myrdal, Kuznets, and Solow. Practicing PYQs from this unit helps aspirants identify frequently asked concepts, strengthen their theoretical understanding, and improve accuracy in the UGC NET Economics examination.

UGC NET Economics Unit 8 PYQs

Below are the PYQs that help candidates understand important concepts from UGC NET Economics Unit 8. These questions focus on Growth and Development Economics and are useful for identifying frequently asked topics, improving conceptual clarity, and strengthening exam preparation. Practicing them regularly helps in better revision and higher accuracy in the UGC NET Economics examination.

1. The Human Development Index (HDI) does NOT include:

A. Life expectancy at birth
B. Education (schooling years)
C. Per capita GNI at PPP
D. Infant mortality rate

Answer: D. Infant mortality rate

2. The concept of “Creative Destruction” is associated with:

A. Solow
B. Schumpeter
C. Kuznets
D. Myrdal

Answer: B. Schumpeter

3. The Kuznets Curve represents:

A. Inflation and unemployment
B. Income inequality and economic growth
C. Trade and balance of payments
D. Savings and investment

Answer: B. Income inequality and economic growth

4. The Harrod-Domar model focuses on:

A. Monetary policy
B. Economic growth through savings and investment
C. Fiscal deficit only
D. Market structure

Answer: B. Economic growth through savings and investment

5. Gini Coefficient is used to measure:

A. Poverty
B. Inflation
C. Income inequality
D. Employment

Answer: C. Income inequality

6. Endogenous Growth Theory is associated with:

A. Ricardo
B. Romer and Lucas
C. Keynes
D. Malthus

Answer: B. Romer and Lucas

7. Myrdal is associated with:

A. Big Push Theory
B. Cumulative Causation
C. Balanced Growth
D. Absolute Advantage

Answer: B. Cumulative Causation

8. HDI is published by:

A. World Bank
B. IMF
C. UNDP
D. WTO

Answer: C. UNDP

9. Palma Ratio is used for:

A. Trade balance
B. Income inequality
C. Inflation rate
D. GDP growth

Answer: B. Income inequality

10. Solow model is related to:

A. Neo-classical growth theory
B. Structuralism
C. Dependency theory
D. Marxism

Answer: A. Neo-classical growth theory

Benefits of Practicing UGC NET Economics Unit 8 PYQs

Practicing UGC NET Economics Unit 8 PYQs offers several important advantages for exam preparation, especially for the topic of Growth and Development Economics.

• Identifies frequently repeated topics such as HDI, HPI, the Kuznets Curve, and inequality measures.

• Strengthens the conceptual clarity of key theories such as Schumpeter, Myrdal, Solow, and Romer.

• Improves the ability to remember economists and their contributions.

• Enhances speed and accuracy in solving MCQs during the exam.

• Supports effective revision of important formulas, models, and indicators.

• Helps in identifying weak areas for focused study.

• Builds confidence through repeated practice of real exam-level questions.

• Improves understanding of development indices and measurement tools.