GATE (Graduate Aptitude Test in Engineering) Economics: Questions 488 - 492 of 1256

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Question 488

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

If the offer curves of the trading countries have constant slope, the terms of trade among them will be (Paper III)

Choices

Choice (4)Response

a.

increasing

b.

decreasing

c.

indeterminate

d.

constant

Question 489

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

Customs union always leads to: (June)

Choices

Choice (4)Response

a.

Trade diversion effect alone

b.

Neither trade diversion nor trade creation effect

c.

Trade creation effect alone

d.

Trade creation and trade diversion effects

Question 490

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

Examples of economic integration are:

  1. Free trade area
  2. Customs union
  3. Common market
  4. Cartel

Select the correct answer from the given codes: (December)

Choices

Choice (4)Response

a.

(2) and (3)

b.

(1) and (2)

c.

d.

Question 491

Environment as a Public Good

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

Which of the following has not been identified as a potential consequence of global warming? (June)

Choices

Choice (4)Response

a.

The spreads of disease

b.

The use of nuclear energy

c.

A rise in sea levels

d.

A fall in agricultural yields

Question 492

Public Budget and Budget Multiplier

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Consider the following taxes:

(i) Corporation tax

(ii) Income tax

(iii) Service tax

(iv) Union Excise Duties

Which of the following correctly describes their contribution, in descending order of importance, to the Central Government՚s Gross Tax Revenue? (Paper III)

Choices

Choice (4)Response

a.

b.

c.

d.

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