GATE (Graduate Aptitude Test in Engineering) Economics: Questions 540 - 543 of 1256

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Question 540

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which of the following is/are true for AK model of growth? (November Paper-III)

  1. It assumes constant savings rate
  2. This savings rate is exogenously determined
  3. The marginal product of capital is diminishing as output expands of the above which statements are correct?

Choices

Choice (4)Response

a.

1,2 and 3 are Correct

b.

1 and 3 are correct

c.

Only 2 and 3 are correct

d.

Only 1 and 2 are correct

Question 541

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Consider the following:

  1. Oligopolistic market structure
  2. Economics of scale

Of the above, which are the essential features of Rosenstein Rodan՚s approach to development? (November Paper II)

Choices

Choice (4)Response

a.

Neither (1) nor (2)

b.

(1) and (2)

c.

Only (2)

d.

Only (1)

Question 542

General Equilibrium Analysis

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Rank the following states in descending order according to sex ratio as per census 2011: (November Paper-III)

  1. Madhya Pradesh
  2. Punjab
  3. U. P
  4. Bihar

Choices

Choice (4)Response

a.

(b) , (a) , (c) , (d)

b.

(a) , (b) , (c) , (d)

c.

(a) , (d) , (c) , (b)

d.

(c) , (d) , (b) , (a)

Question 543

Demand and Supply of Money

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

‘Bandwagon Effect’ is found in which of the following? (November Paper-III)

Choices

Choice (4)Response

a.

Absolute income hypothesis

b.

Relative income hypothesis

c.

Permanent income hypothesis

d.

Life cycle hypothesis

Developed by: