AP (Advanced Placement) Microeconomics: Questions 168 - 170 of 398

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Question 168

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which among the following statements are true for the proposed GST arrangements in India?

I. Both Centre and State taxes will be collected at the point of sale.

II. The Centre and State GST will be charged on the manufacturing cost. Of the above, which statement/s is/are true? Answer from the code below:

(January Paper-2)

Choices

Choice (5)Response

a.

Neither I nor II are true.

b.

Only I is true.

c.

Only II is true.

d.

I and II are true.

e.

Question does not provide sufficient data or is vague

Question 169

Appeared in Year: 2017 (NET)

Question

MCQ▾

Marginal rate of transformation between two goods X and Y is defined as (January Paper-2)

Choices

Choice (5)Response

a.

b.

c.

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 170

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following concepts:

I. Leontief paradox

II. Linder Hypothesis

Which among the following can be treated as exception to the conclusions of the

Heckscher-Ohlin theory? Answer from the codes below:

(January Paper-2)

Choices

Choice (5)Response

a.

Only II is an exception.

b.

Only I is an exception.

c.

Neither I nor II are exception.

d.

I and II are exception.

e.

All of the above

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