GATE (Graduate Aptitude Test in Engineering) Economics: Questions 867 - 871 of 1256

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Question 867

General Equilibrium Analysis

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

The compensation principle which says that state A is socially preferable to state B, if those who gain from the change can compensate the losers and yet end up with surplus welfare gain is attributed to: (December)

Choices

Choice (4)Response

a.

W Pareto

b.

T. Scitovsky

c.

N. Kaldor

d.

Bergson

Question 868

Tax & Non-Tax Revenue

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

A tax of ₹ 20 per unit of imported cheese would be an example of a/an: (December)

Choices

Choice (4)Response

a.

Ad valorem tariff

b.

Compound tariff

c.

Specific tariff

d.

Effective tariff

Question 869

General Equilibrium Analysis

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Which of the following is not an example of “market failure” ? (December)

Choices

Choice (4)Response

a.

Externalities

b.

Asymmetric information

c.

Economies of scale

d.

Monopolies

Question 870

Progressive and Non-Progressive Taxation

Question

MCQ▾

Which of the canons of taxation have been propounded by Adam Smith?

Choices

Choice (4)Response

a.

Certainty, Convenience, Economy and Elasticity

b.

Economy, Coordination, Convenience, Expediency

c.

Equity, Certainty, Convenience and Economy

d.

Economy, Elasticity, Simplicity and Sufficiency

Question 871

The Fiscal Responsibility and Budget Management Act 2003

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Which trade policy results in the government levying both a specific tariff and an ad valorem tariff on imported goods? (December)

Choices

Choice (4)Response

a.

Revenue tariff

b.

Effective tariff

c.

Compound tariff

d.

Nominal tariff

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