UGC NET Paper1 Previous Year Solved Papers - 2nd December 2019 Evening Shift
Read the following passage
carefully and answer the question.
Intra-industry trade arises in order to take advantage
of important economies of scale in production. That
is, international competition forces each firm or plant
in industrial countries to produce only one, or at
most a few, varieties and styles of the same product
rather than many different varieties and styles. This is
crucial in keeping unit costs low. With few varieties
and styles, more specialized and faster machinery
can be developed for continuous operation and a
longer production run. The nation then imports other
varieties and styles from other nations. Intra-industry
trade benefits consumers because of the wider range
of choices. i.e., the greater variety of differentiated
products, available at lower prices made possible
by economies of scale in production. Because of
this, large welfare gains arise from the ability of
consumers to greatly increase the variety of goods
that they can purchase through trade. The importance
of intra-industry trade became apparent when tariffs
and other obstructions to the flow of trade among
members of the European Union or common market
were removed in 1958. It was found that the volume of
trade surged but most of the increase involved the
exchange of differentiated products within each broad
industrial classification.
46. Mass production of a few varieties of products will result in
- Option : A
- Explanation : Refer to the 2nd and 3rd sentences of the passage, ' ... produce only one, or at most a few, varieties and styles ... This is crucial in keeping the costs low ... '
Read the following passage
carefully and answer the question.
Intra-industry trade arises in order to take advantage
of important economies of scale in production. That
is, international competition forces each firm or plant
in industrial countries to produce only one, or at
most a few, varieties and styles of the same product
rather than many different varieties and styles. This is
crucial in keeping unit costs low. With few varieties
and styles, more specialized and faster machinery
can be developed for continuous operation and a
longer production run. The nation then imports other
varieties and styles from other nations. Intra-industry
trade benefits consumers because of the wider range
of choices. i.e., the greater variety of differentiated
products, available at lower prices made possible
by economies of scale in production. Because of
this, large welfare gains arise from the ability of
consumers to greatly increase the variety of goods
that they can purchase through trade. The importance
of intra-industry trade became apparent when tariffs
and other obstructions to the flow of trade among
members of the European Union or common market
were removed in 1958. It was found that the volume of
trade surged but most of the increase involved the
exchange of differentiated products within each broad
industrial classification.
47. Development and use of specialized machinery will lead to
- Option : C
- Explanation : Refer to the sentences, 'With few varieties and styles, more specialised and faster machinery can be developed ... The nation then imports other varieties and styles from other nations. '
Read the following passage
carefully and answer the question.
Intra-industry trade arises in order to take advantage
of important economies of scale in production. That
is, international competition forces each firm or plant
in industrial countries to produce only one, or at
most a few, varieties and styles of the same product
rather than many different varieties and styles. This is
crucial in keeping unit costs low. With few varieties
and styles, more specialized and faster machinery
can be developed for continuous operation and a
longer production run. The nation then imports other
varieties and styles from other nations. Intra-industry
trade benefits consumers because of the wider range
of choices. i.e., the greater variety of differentiated
products, available at lower prices made possible
by economies of scale in production. Because of
this, large welfare gains arise from the ability of
consumers to greatly increase the variety of goods
that they can purchase through trade. The importance
of intra-industry trade became apparent when tariffs
and other obstructions to the flow of trade among
members of the European Union or common market
were removed in 1958. It was found that the volume of
trade surged but most of the increase involved the
exchange of differentiated products within each broad
industrial classification.
48. What was the result of removing obstructions to flow of trade in European Union?
- Option : B
- Explanation : Refer to the sentences, 'The importance of intra-industry trade .......... It was found that volume of trade surged. .. '
Read the following passage
carefully and answer the question.
Intra-industry trade arises in order to take advantage
of important economies of scale in production. That
is, international competition forces each firm or plant
in industrial countries to produce only one, or at
most a few, varieties and styles of the same product
rather than many different varieties and styles. This is
crucial in keeping unit costs low. With few varieties
and styles, more specialized and faster machinery
can be developed for continuous operation and a
longer production run. The nation then imports other
varieties and styles from other nations. Intra-industry
trade benefits consumers because of the wider range
of choices. i.e., the greater variety of differentiated
products, available at lower prices made possible
by economies of scale in production. Because of
this, large welfare gains arise from the ability of
consumers to greatly increase the variety of goods
that they can purchase through trade. The importance
of intra-industry trade became apparent when tariffs
and other obstructions to the flow of trade among
members of the European Union or common market
were removed in 1958. It was found that the volume of
trade surged but most of the increase involved the
exchange of differentiated products within each broad
industrial classification.
49. Low print properly price means:
- Option : C
- Explanation : Refer to the lines, 'Intra-industry trade benefits consumers because of the wider range of choices .... large welfare gains arise from the ability of consumers to greatly increase the variety of goods that they can purchase through trade.'
Read the following passage
carefully and answer the question.
Intra-industry trade arises in order to take advantage
of important economies of scale in production. That
is, international competition forces each firm or plant
in industrial countries to produce only one, or at
most a few, varieties and styles of the same product
rather than many different varieties and styles. This is
crucial in keeping unit costs low. With few varieties
and styles, more specialized and faster machinery
can be developed for continuous operation and a
longer production run. The nation then imports other
varieties and styles from other nations. Intra-industry
trade benefits consumers because of the wider range
of choices. i.e., the greater variety of differentiated
products, available at lower prices made possible
by economies of scale in production. Because of
this, large welfare gains arise from the ability of
consumers to greatly increase the variety of goods
that they can purchase through trade. The importance
of intra-industry trade became apparent when tariffs
and other obstructions to the flow of trade among
members of the European Union or common market
were removed in 1958. It was found that the volume of
trade surged but most of the increase involved the
exchange of differentiated products within each broad
industrial classification.
- Option : B
- Explanation : Refer to the sentence, ' ... , international competition forces each firm or plant in industrial countries to produce only one, or at most a few, varieties and styles of the same product rather than many different varieties and styles.
