AP (Advanced Placement) Macroeconomics: Questions 639 - 642 of 750

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Question 639

Appeared in Year: 2020 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Chronic poverty is the main problem facing India (September Evening Shift)

Reason(Ꭱ)

British colonial rule has caused underdevelopment in India

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

Question 640

Question

MCQ▾

Transfer payments by the government are not included in the net domestic product because

Choices

Choice (5)Response

a.

There may be leakage in such payments.

b.

These are gifts from the government to the recipient

c.

No correspondence production of goods and services has taken place to match such payments

d.

They are not counted as commodities

e.

None of the above

Question 641

Appeared in Year: 2020 (NET)

Question

MCQ▾

Banking Cash Transaction Tax (BCTT) was introduced with effect from (September Evening Shift)

Choices

Choice (5)Response

a.

1st June, 2005

b.

1st Jan, 2019

c.

1st June, 2009

d.

1st Jan, 2015

e.

None of the above

Question 642

Question

MCQ▾

Which of the following would NOT be an example of contractionary fiscal policy?

Choices

Choice (5)Response

a.

Decreasing money spent on social programs.

b.

Increasing income taxes.

c.

Canceling the annual cost of living adjustments to the salaries of government employees.

d.

Increasing money spent to pay for government projects.

e.

Doing nothing with a temporary budget surplus.

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