GATE (Graduate Aptitude Test in Engineering) Economics: Questions 558 - 560 of 1256

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Question 558

Tax Reforms-Goods and Services Tax

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Indicate the sequence of the following in terms of their implementation with reference to India:

  1. Income tax
  2. Expenditure tax
  3. Value - added tax at the state level
  4. Service tax

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

Choices

Choice (4)Response

a.

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

b.

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

c.

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

d.

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

Question 559

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

In the context of US economy, which one of the following is true for ‘Triffin dilemma’ ? (November Paper-III)

  1. US have to support a large supply of dollars to act as an internationally accepted currency.
  2. There is a conflict in the short run domestic and long run objective of US trade policy resulting in trade deficit.

Which of the above statements are true? Choose from the code given below:

Choices

Choice (4)Response

a.

Only (a) is true

b.

Only (b) is true

c.

Neither (a) nor (b) are true

d.

Both (a) and (b) are true

Question 560

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

‘Golden rule of accumulation’ refers to the savings rate that: (November Paper-III)

Choices

Choice (4)Response

a.

Maximizes the growth rate of output

b.

Maximizes the growing per capita consumption

c.

Optimizes the investment in the economy

d.

Question does not provide sufficient data or is vague

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