GATE (Graduate Aptitude Test in Engineering) Economics: Questions 941 - 945 of 1256

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Question 941

Question

MCQ▾

What is the duration of a Konratieff business cycle?

Choices

Choice (4)Response

a.

40 - 60 years

b.

9.5 years

c.

8 - 10 years

d.

16 - 22 years

Question 942

Question

MCQ▾

In the case of prisoner՚s dilemma, if the game is played multiple times then which strategy will be chosen if the they are informed that it is the last time game

Choices

Choice (4)Response

a.

(Confess, deny)

b.

(confess, confess)

c.

(Deny, deny)

d.

(Deny, confess)

Question 943

Tax Reforms-Goods and Services Tax

Question

MCQ▾

What function does an imposition of Tobin tax perform?

Choices

Choice (4)Response

a.

Tax imposed in short term investments

b.

Currency transaction tax on short term foreign exchange transactions

c.

Tax on the sale of proceeds from share market transactions

d.

Tax on luxury goods

Question 944

Components of Money Supply

Question

MCQ▾

What does the monetary principle of Gresham՚s law state?

Choices

Choice (4)Response

a.

Revenue generated from the power to create currency

b.

Problem of adverse selection

c.

Contract theory

d.

Bad money drives out good

Question 945

Cardinal Approach and Ordinal Approach

Question

MCQ▾

The concept of “nudge” is founded in which theoretical branch of economics?

Choices

Choice (4)Response

a.

Classical economic theory

b.

Ecological economics

c.

New institutional economics

d.

Behavioural economics

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