GATE (Graduate Aptitude Test in Engineering) Economics: Questions 915 - 918 of 1256

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Question 915

Question

MCQ▾

Arrange the states in descending based on child sex ratio

I. Meghalaya

II. Chhattisgarh

III. Punjab

IV. Jammu and Kashmir

Choices

Choice (4)Response

a.

II, I, III, IV

b.

IV, I, II, III

c.

I, II, IV, III

d.

III, IV, I, II

Question 916

Components of Money Supply

Question

MCQ▾

The Gold Standard System was completely withdrawn in which year?

Choices

Choice (4)Response

a.

1979

b.

1933

c.

1971

d.

1944

Question 917

Capital Market and Its Regulation

Question

MCQ▾

What is Lucas՚s paradox?

Choices

Choice (4)Response

a.

Inefficient allocation of international capital flows

b.

Slow labour movement from labour abundant to labour scarce countries

c.

High growth rates in countries with low per capita income

d.

All of the above

Question 918

Cardinal Approach and Ordinal Approach

Question

MCQ▾

How does Slutsky substitution effect differ from Hicks substitution effect (SE) ?

i. The original bundle will no longer be affordable but the consumer will move along the same indifference curve in the Hicks SE

ii. Slutsky SE holds purchasing power constant while Hicks SE holds utility constant

iii. In the Hicks SE, consumer moves to a higher IC while the new budget line passes through the original bundle

iv. Slutsky demand curve is also called compensated demand curve as the consumer is “compensated” for changes in relative price by keeping purchasing power unchanged

Choices

Choice (4)Response

a.

i and iv

b.

iii and ii

c.

iii and iv

d.

i and ii

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