UGC NET Monetary and fiscal policy Previous Year Questions
JRFSmart holds 13 previous-year questions on Monetary and fiscal policy from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 8 of the 22 exam papers in the bank (2020–2023). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Monetary and fiscal policy
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Monetary versus fiscal policy | 1 |
| GST and fiscal policy | 1 |
| Fiscal deficit estimates | 1 |
| Measures of inflation | 1 |
| Supply-side response to inflation | 1 |
| Growth, taxes and interest rates | 1 |
| Supply-constrained inflation | 1 |
| Demand-pull versus cost-push policy response | 1 |
| Monetary policy, growth and inflation | 1 |
| Revenue expenditure of the Centre | 1 |
| Case - fiscal deficit target | 1 |
| Case - sectarian political targeting | 1 |
NTA repeat analysis
Monetary and fiscal policy appears in 8 of 22 papers (36%), which JRFSmart rates as high frequency.
Sample previous-year questions
Given below are two statements: Statement I: Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors. Statement II: Monetary policy rates change get transmitted across the markets and eventually get…
Revenue expenditure of the Central government includes: A Debt relief to farmers. B. Subsidy for fertilizers. C. Grants to states. D. Central plan allocations for rural development. E. Central plan allocation for irrigation and flood control. Choose the…
Government of India announced a medium-term fiscal deficit target of 4.5% of GDP by 2025-26, which involves a 2-percentage-point compression from current levels over the course of three financial years. Targets for the centre and states for 2023-24 are 5.9%…
Which of the following measures inflation in ecosystem? a. Phillips curve b. Consumer Price Index c. Misery Index d. GDP deflator e. Fisher effect Choose the most appropriate answer from the options given below:
The Monetary Policy Committee of the RBI should neither raise policy rates nor wind up its accommodative policy stance. Yes, inflation has been on the rise, and growth has been setting in. This is the time to consolidate growth not to be spooked by…
Passage for Q 91 to Q 95 In 2019, India's ten largest trading partners were USA, China, UAE, Saudi Arabia, Hong Kong, Iraq, Singapore, Germany, South Korea and Switzerland. In 2018-19, the Foreign Direct Investment (FDI) in India was $64.4 billion with…
Given below are two statements: Statement I: Monetary policy causes a deliberate change in government revenue and expenditure with a view to influencing the price level and the quantum of national output. Statement II: Fiscal policy regulates the money…
Which of the following policy has lost its sheen consequent to implementation of the GST laws in India?
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