GATE (Graduate Aptitude Test in Engineering) Economics: Questions 606 - 609 of 1256

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Question 606

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

In the context of International Trade dumping refers to (January Paper-3)

Choices

Choice (4)Response

a.

Sending cheap goods to developing countries by developed countries.

b.

Selling a commodity cheaper in foreign market and costly in domestic market.

c.

Free distribution of used products by developed countries in developing countries.

d.

All of the above

Question 607

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

In the terminology of WTO, which among the following is not an amber box subsidy?

(January Paper-3)

Choices

Choice (4)Response

a.

Minimum support price of cereals

b.

Cost of government pest control and management

c.

Subsidy on seeds

d.

Subsidy on irrigation rates

Question 608

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

A public good is

(i) Non-excludable in nature.

(ii) Non rival in consumption.

(iii) Excludable in nature.

(iv) A good that public must possess.

Select the correct answer using the codes given below:

(January Paper-2)

Choices

Choice (4)Response

a.

Only (iv)

b.

(i) and (ii)

c.

(iii) and (iv)

d.

Only (iii)

Question 609

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Given the following total cost and demand functions of a firm, find the price at which profits would be maximized:

Where C = Total cost

Q = Output

P = Price

(January Paper-3)

Choices

Choice (4)Response

a.

100

b.

5

c.

95

d.

85

Developed by: