# GATE (Graduate Aptitude Test in Engineering) Economics: Questions 525 - 528 of 1256

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## Question 525

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

Arrange the following grouping of the nations from lower to higher order of integration.

1. F. T. A
2. Economic Union
3. Common Market
4. Custom Union

Choose the correct answer from the code given below: (November Paper II)

### Choices

Choice (4)Response

a.

(2) , (3) , (4) , (1)

b.

(2) , (1) , (4) , (3)

c.

(1) , (3) , (2) , (4)

d.

(1) , (4) , (3) , (2)

## Question 526

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

The sum of squares of deviations of a set of values is minimum when deviations are taken about: (November Paper II)

### Choices

Choice (4)Response

a.

Arithmetic mean

b.

Geometric Mean

c.

Median

d.

Harmonic mean

## Question 527

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

Consider the following statements about optimal tariff:

1. The beneficiary country is a large country in the world market for a particular good.
2. A deviation from optimal tariff will lead to fall in welfare.

Of the above, which statement is correct? Choose the answer from the code below: (November Paper II)

### Choices

Choice (4)Response

a.

Neither (1) nor (2) is correct

b.

Only (1) is correct

c.

(1) and (2) are correct

d.

Only (2) is correct

## Question 528

Fiscal Policy and Its Implications

Appeared in Year: 2017 (UGC NET)

### Question

MCQ▾

When the Reserve Bank of India announces an increase of the Cash Reserve Ratio, what does it mean? (November Paper-III)

### Choices

Choice (4)Response

a.

The commercial Banks will have more money to lend

b.

The commercial Banks will have less money to lend

c.

The Reserve Bank of India will have less money to lend

d.

The Union Government will have less money to lend

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