GATE (Graduate Aptitude Test in Engineering) Economics: Questions 86 - 89 of 1256

Access detailed explanations (illustrated with images and videos) to 1256 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 500.00 -OR-

How to register? Already Subscribed?

Question 86

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following theory/approach does treat consumption to depend upon expected income?

Choices

Choice (4)Response

a.

Friedmans approach

b.

Keynes approach

c.

Life cycle approach

d.

Question does not provide sufficient data or is vague

Question 87

Public Budget and Budget Multiplier

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

In which of the following, Zero Based Budgeting is difficult to introduce?

I. Establishment charges

II. Public works

III. Irrigation Projects

IV. Federal fiscal transfers (June)

Choices

Choice (4)Response

a.

I, III and IV are correct.

b.

II, III and IV are correct.

c.

II and III are correct.

d.

I and IV are correct.

Question 88

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Find out the incorrect statement about the success of economic reforms in India. (June)

Choices

Choice (4)Response

a.

Slowdown of population growth rate

b.

Benefits of demographic dividends

c.

Narrowing down of the current account deficit

d.

Increased share of the corporate sector in Gross Domestic Savings

Question 89

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Under discriminating monopoly, if the elasticity of demand in market I is 2 and in market II, it is 1, (elasticity՚s being in absolute terms) then the price behavior of the monopolist will be:

Choices

Choice (4)Response

a.

To charge a price in market I

b.

In market I, charge double the price of that is charged in market II

c.

To charge a higher price in market II

d.

To charge the same price in both the markets

Developed by: