GATE (Graduate Aptitude Test in Engineering) Economics: Questions 411 - 415 of 1256

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Question 411

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

Which among the following countries was the largest trading partner of India in 2013 - 14? (December)

Choices

Choice (4)Response

a.

China

b.

UAE

c.

USA

d.

Japan

Question 412

Tax Reforms-Goods and Services Tax

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Who among the following has developed the concept of ‘Effective incidence’ of a tax? (Paper II)

Choices

Choice (4)Response

a.

A C Pigou

b.

J R Hicks

c.

Ursula K Hicks

d.

H Dalton

Question 413

Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

When nominal GDP is 11,000 crores and real GDP is 10,000, GDP Deflator is: (June)

Choices

Choice (4)Response

a.

1.11

b.

110

c.

9.09

d.

90.91

Question 414

Demand and Supply of Money

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

In the famous equation M = PKY, K stands for: (June)

Choices

Choice (4)Response

a.

Fraction of money value of output (transaction) held by pubic

b.

Fraction of money supply held by person

c.

Fraction of real output held for transaction

d.

All of the above

Question 415

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

In the adjoining standard diagram to explain Hicks՚ trade cycle theory; which of the Following are true, when the actual value of mpc and accelerator fall in the region C? (Paper III)

Hicks՚ Trade Cycle Theory

Choices

Choice (4)Response

a.

There will be oscillations (Cyclical fluctuations)

b.

There will be explosive upward movement

c.

There will be Steady growth

d.

None of the above

Developed by: