GATE (Graduate Aptitude Test in Engineering) Economics: Questions 730 - 734 of 1256

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Question 730

Question

MCQ▾

When elasticity of the offer curve is 5, i.e.. e = 5, then what will be the optimum tariff?

Choices

Choice (4)Response

a.

b.

c.

d.

Question 731

Foreign Exchange Market and Arbitrage

Question

MCQ▾

When the flexible exchange rate system was adopted worldwide, and people started profiteering by Arbitrage, then to stop this, which tax was introduced on the short term currency speculation?

Choices

Choice (4)Response

a.

Leo Tax

b.

Arbitrage Tax

c.

Angel Tax

d.

Tobin՚s Tax

Question 732

Question

MCQ▾

RBI was established on the basis of which commission?

Choices

Choice (4)Response

a.

Hilton Young Commission

b.

Shivraman Commission

c.

Rangrajan Commission

d.

Narsimham Commission

Question 733

Equilibrium and Disequilibrium and Adjustment Mechanisms

Question

MCQ▾

The “absorption approach” was given by whom & he suggested which policy to tackle the problem when ?

Choices

Choice (4)Response

a.

Sydney Alexander & he suggested the expenditure switching policy

b.

Stephen Magee & he suggested the expenditure reducing policy

c.

Stephen Magee & he suggested the expenditure switching policy

d.

Sydney Alexander & he suggested the expenditure reducing policy

Question 734

Rational Expectation Hypothesis and Its Critique

Question

MCQ▾

What is the shape of the Philip curve in the case of RATEX hypothesis?

Choices

Choice (4)Response

a.

Vertical

b.

Downward

c.

Upward

d.

Horizontal

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