GATE (Graduate Aptitude Test in Engineering) Economics: Questions 698 - 702 of 1256

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Question 698

Rational Expectation Hypothesis and Its Critique

Question

MCQ▾

‘Bandwagon Effect’ is found in which of the following?

Choices

Choice (4)Response

a.

Permanent income hypothesis

b.

Life cycle hypothesis

c.

Absolute income hypothesis

d.

Relative income hypothesis

Question 699

Question

MCQ▾

Which of the following is not a subsidiary of World Bank?

Choices

Choice (4)Response

a.

IDA

b.

IBRD

c.

IFC

d.

IMF

Question 700

Equilibrium and Disequilibrium and Adjustment Mechanisms

Question

MCQ▾

The J. Curve Effect was given by whom and what does it say?

Choices

Choice (4)Response

a.

Given By Stephen Magee, and it says that after devaluation, BOP will initially worsen and then improve

b.

Given By Marshal, and it says that after devaluation, BOP will initially worsen and then improve

c.

Given By Keynes, and it says that after devaluation, BOP will initially worsen and then improve

d.

Given By Lindahl, and it says that after devaluation, BOP will initially worsen and then improve

Question 701

Question

MCQ▾

A Spot sale of a currency, with an agreement to forward purchase the same currency at a specified date is called …

Choices

Choice (4)Response

a.

Spot exchange

b.

Forward exchange

c.

Currency swap

d.

Speculation

Question 702

Question

MCQ▾

Which currencies are in the basket of Special Drawing Rights of IMF?

Choices

Choice (4)Response

a.

Euro, Dollar, Pound, Rupee, Yuan

b.

Euro, Dollar, Pound, Yuan, Yen

c.

Euro, Dollar, Yuan, Rupee, Yen

d.

Euro, Dollar, Pound, Rupee, Yen

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