GATE (Graduate Aptitude Test in Engineering) Economics: Questions 653 - 657 of 1256

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Question 653

Components of Money Supply

Question

MCQ▾

Denoting the price of capital and labour by PK and PL respectively and countries by A and B, if (Pk /PL)A > (Pk/PL)B

Choices

Choice (4)Response

a.

Country B is relatively labour abundant

b.

Country A is relatively labour abundant

c.

Relative factor abundance is indeterminate

d.

Country A is relatively capital abundant

Question 654

Question

MCQ▾

In the oligopoly, pure oligopoly is based on which type of goods.

Choices

Choice (4)Response

a.

Differentiated

b.

Unrelated

c.

Homogenous

d.

None of the above

Question 655

Fiscal Policy and Its Implications

Question

MCQ▾

Which of the following is not a technique of deficit financing?

1. Internal borrowing

2. Counting currency

3. Printing currency

4. External aid and borrowings

Choices

Choice (4)Response

a.

2 only

b.

1,2, 3 and 4

c.

1 only

d.

2 and 3

Question 656

Closed Economy Concepts and Measurement and Open Economy Issues

Question

MCQ▾

Which of the following has been given prominence in the Economic Survey 2016 - 2017?

Choices

Choice (4)Response

a.

Universal Basic Amenities

b.

Redistribution of Wealth

c.

Universal Basic Income

d.

Universal Welfare Measures

Question 657

Question

MCQ▾

Why do the farmers of village Palampur follow multiple cropping?

Choices

Choice (4)Response

a.

Because this method doesn՚t require fertile soils.

b.

Because this method is the most common way of increasing production.

c.

Because the water consumption is less in this method.

d.

Because this method doesn՚t require chemical fertilisers.

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