GATE (Graduate Aptitude Test in Engineering) Economics: Questions 473 - 475 of 1256

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Question 473

Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2016 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Monetarists disagreed with the Phillips curve analysis. (Paper III)

Reason(Ꭱ)

There are no unique correspondence of % inflation rate with % unemployment rate.

Choices

Choice (4)Response

a.

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

b.

Both Ꭺ and Ꭱ are false

c.

Ꭺ is true but Ꭱ is false

d.

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

Question 474

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

For Real Effective Exchange Rate consider the following statements and select the correct answer from the codes given below:

  1. It refers to average value of country՚s currency in relation to an index of basket of values major countries՚ currencies
  2. It refers to nominal ratio of a country՚s currency value to average value of a basket of currency (December)

Choices

Choice (4)Response

a.

Only (1) is true

b.

Neither (1) and (2) is true

c.

Only (2) is true

d.

(1) and (2) is true

Question 475

Public Debt and Its Management

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Consider the following statements.

  1. Sick Company is defined as one whose accumulated losses in any financial year are equal to or more than 50 % of its average net worth during previous four financial years.
  2. The Government set-up Board of Industrial and Financial Reconstruction in 1987.

Which of the statement given above is/are correct? Select the answer from the codes given below: (Paper III)

Choices

Choice (4)Response

a.

Only 2

b.

Neither 1 nor 2

c.

Only 1

d.

1 and 2

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