GATE (Graduate Aptitude Test in Engineering) Economics: Questions 603 - 605 of 1256

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Question 603

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Economists refer to an unanticipated inflation that reduces the real value of outstanding government debt as: (January Paper-2)

Choices

Choice (4)Response

a.

Unanticipated default

b.

The inflation tax

c.

Seignior age

d.

Burden of inflation

Question 604

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Consider the following items in the balance of payment in India

I. NRI deposits

II. Remittances

Which among the above is/are part of the capital account of balance of payments?

Answer from the codes below:

(January Paper-2)

Choices

Choice (4)Response

a.

I and II above

b.

Only II above

c.

Neither I nor II above

d.

Only I above

Question 605

Instruments (Direct and Indirect) of Monetary Policy

Appeared in Year: 2017 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

An improvement in the income terms of trade is an indicator of increase in capacity to import.

(January Paper-3)

Reason(Ꭱ)

Income terms of trade can be computed by multiplying net barter terms of trade by the quantity of imports.

Choices

Choice (4)Response

a.

Ꭺ is false but Ꭱ is true

b.

Both Ꭺ and Ꭱ are false

c.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

d.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

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