GATE (Graduate Aptitude Test in Engineering) Economics: Questions 770 - 774 of 1256

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Question 770

Cardinal Approach and Ordinal Approach

Question

MCQ▾

One of the economic laws says that as incomes increase, the proportion of starchy staples in the food basket declines relative to the share of more expensive sources of calories. What is this hypothesis is known as

Choices

Choice (4)Response

a.

CAMPHELLS LAW

b.

GRESHAMS LAW

c.

BENNETS LAW

d.

ENGLES LAW

Question 771

Public Debt and Its Management

Question

MCQ▾

Which of the following constitute central government liabilities

Choices

Choice (4)Response

a.

External debt

b.

Public account liabilities

c.

Internal debt

d.

All a., b. and c. are correct

Question 772

Tax & Non-Tax Revenue

Question

MCQ▾

Rate of minimum alternate tax applicable to corporate entities

Choices

Choice (4)Response

a.

16.5 %

b.

17.5 %

c.

18.5 %

d.

15.5 %

Question 773

Question

MCQ▾

Which of the following activities is included under universal banking

Choices

Choice (4)Response

a.

Developmental banking

b.

Merchant banking

c.

Commercial banking

d.

All a., b. and c. are correct

Question 774

Question

MCQ▾

The common international poverty line is based on an income of around________?

Choices

Choice (4)Response

a.

$ 1.25 per day at the 2005 purchasing power parity

b.

$ 1.25 per day at the 2005 purchasing power parity

c.

$ 1.25 per day at the 2005 purchasing power parity

d.

$ 1.00 per day at the 2004 purchasing power parity

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