GATE (Graduate Aptitude Test in Engineering) Economics: Questions 554 - 557 of 1256

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Question 554

Tax Reforms-Goods and Services Tax

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Principle of maximum social advantage is concerned with: (November Paper II)

Choices

Choice (4)Response

a.

Public debt only

b.

Public expenditure only

c.

Taxation and public expenditure

d.

Taxation only

Question 555

Cardinal Approach and Ordinal Approach

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

A good is called a ‘Giffen good’ when the income effect is: (November Paper-III)

Choices

Choice (4)Response

a.

Equal to substitution effect

b.

Less than the substitution effect

c.

Negative and is greater than the substitution effect

d.

Positive and is greater than the substitution effect

Question 556

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2017 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Consider the following data pertaining to India as per and Match List - I with List - II. Select the correct answer from the code given below: (November Paper-III)

List-Ⅰ (Indicator)List-Ⅱ (Value)
(A)

IMR

(i)

41

(B)

MR

(ii)

50

(C)

TFR

(iii)

2.2

(D)

Institutional Births

(iv)

79

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (iii)
  • (iv)
  • (ii)

b.

  • (i)
  • (iii)
  • (ii)
  • (iv)

c.

  • (iii)
  • (iv)
  • (ii)
  • (i)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

Question 557

Cardinal Approach and Ordinal Approach

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Permanent income hypothesis assumes positive correlation between which of the following pairs of variables? (November Paper-III)

Choices

Choice (4)Response

a.

Transitory income and transitory consumption

b.

Permanent income and permanent consumption

c.

Permanent income and transitory consumption

d.

Permanent income and transitory income

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