GATE (Graduate Aptitude Test in Engineering) Economics: Questions 536 - 539 of 1256

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Question 536

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

The ultimate effect of the ‘invisible hand’ of Adam Smith is that in a competitive economy everyone: (November Paper II)

Choices

Choice (4)Response

a.

Benefits if each acts in his/her own interest

b.

Should act to maximise economic growth

c.

Should act to promote the public interest

d.

Will increase their profits in a free market

Question 537

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following states has the smallest % of urban population as per census 2011? (November Paper II)

Choices

Choice (4)Response

a.

Himachal Pradesh

b.

Meghalaya

c.

Bihar

d.

Odisha

Question 538

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Pollution is an example of Market failure because: (November Paper III)

Choices

Choice (4)Response

a.

Those who suffer from pollution are compensated outside the market

b.

The market price is higher than the efficient price

c.

Property rights are poorly distributed

d.

The market price is less than the efficient price

Question 539

Tax Reforms-Goods and Services Tax

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

The ability - to - pay principle of taxation is logically most consistent with the normative notion of: (November Paper II)

Choices

Choice (4)Response

a.

Value - added taxation

b.

Vertical equity

c.

Horizontal equity

d.

Tax neutrality

Developed by: