GATE (Graduate Aptitude Test in Engineering) Economics: Questions 829 - 831 of 1256

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Question 829

Components of Money Supply

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

The liquidity aggregates are classified as (June)

Choices

Choice (4)Response

a.

L1, L2 and L3

b.

NM3

c.

M1, M2, M3 and M4

d.

M1, M2 and M3

Question 830

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

As income falls, consumption declines but proportionately less than the decrease in income because the consumer desires to sustain previous standard of living. This is called? (June)

Choices

Choice (4)Response

a.

Wealth effect

b.

Income effect

c.

Demonstration effect

d.

Ratchet effect

Question 831

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

consider the following table that gives the monthly per capita consumption expenditure (MPCE) of eight households and answer the questions given below:

The Monthly Per Capita Consumption Expenditure (MPCE) of Eight Households
State-AMIPCE (in ₹) of 8 Households
12345678
State-B950110010009757507757901400
State-C12501150140011005506004901200

The value of Z (poverty line MPCE cut off) is ₹ 800.

From the table calculate the estimates of Square Poverty Gap Ratio (SPGR) and then show that the SPGR in state A is (June Paper-II)

Choices

Choice (4)Response

a.

Higher than that in state B

b.

Lower than that in state B

c.

Significantly different from zero

d.

Same as in state B

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