GATE (Graduate Aptitude Test in Engineering) Economics: Questions 832 - 834 of 1256

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Question 832

Public Budget and Budget Multiplier

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

The concept of fiscal deficit implies which of the following? (June)

Choices

Choice (4)Response

a.

Total receipts minus total expenditure

b.

Revenue and interest receipts minus revenue expenditures

c.

Revenue receipts and recovery of loans and other receipts minus total expenditure

d.

Receipts minus disbursement in capital account

Question 833

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Assumes that an economy begins in macroeconomic equilibrium, then taxes are significantly decreased. As a result of this change (June Paper-II)

Choices

Choice (4)Response

a.

There is recession and deflation in the economy

b.

There is stagflation in the economy

c.

There is expansion and inflation in the economy

d.

There is expansion and deflation in the economy

Question 834

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Under which system the central bank is authorized by law to issue a fixed amount of notes against government securities and any excess is to be fully backed by gold/silver? (June Paper-II)

Choices

Choice (4)Response

a.

Minimum reserve system

b.

Maximum and minimum fiduciary system

c.

Fixed Fiduciary system

d.

Maximum fiduciary system

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