GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 640 - 643 of 1877
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Question 640
Question MCQ▾
The accelerator theory of investment relates the current rate of investment to the
Choices
Choice (4) | Response | |
---|---|---|
a. | Current level of output | |
b. | Long – term rate of interest | |
c. | Change in the level of out put | |
d. | Short term rate of interest |
Question 641
Question MCQ▾
The Heckscher – Ohlin theory of trade pattern assumes
Choices
Choice (4) | Response | |
---|---|---|
a. | Perfect competition both in both product and factor markets | |
b. | Perfect competition in the factor markets but nit in the product market | |
c. | Perfect completion in the product market but not in the factor market s | |
d. | Unemployment in the factor market |
Question 642
Question MCQ▾
The GNP at market price for 1983 - 84 was ₹ 192866 crores and the GNP at factor cost was ₹ 171201 crores. The government paid at ₹ 5107 crores subsidies crores as subsidies during the year. The amount of indirect taxes in crores for the year should work out to
Choices
Choice (4) | Response | |
---|---|---|
a. | ₹ 16558 | |
b. | ₹ 21665 | |
c. | ₹ 26772 | |
d. | ₹ 31879 |
Question 643
Question MCQ▾
The firms in perfect competition get normal profit in long run because of:
Choices
Choice (4) | Response | |
---|---|---|
a. | Free Entry and Exit | |
b. | Large number of buyers and sellers | |
c. | Homogeneous Product | |
d. | Perfect knowledge of market |