GATE (Graduate Aptitude Test in Engineering) Economics: Questions 986 - 991 of 1256

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Question 986

Question

MCQ▾

Which of the following is not part of the W. T. O. Agreement on Agriculture (AOA) ?

Choices

Choice (4)Response

a.

Market Access

b.

Input subsidies

c.

Export subsidies

d.

Domestic support

Question 987

Marshallian and Hicksian Demand Functions

Question

MCQ▾

Law of diminishing returns begins to operate when:

Choices

Choice (4)Response

a.

Total product begind to fall

b.

Marginal product begins to rise

c.

Total product begins to rise

d.

Marginal product begins to fall

Question 988

Question

MCQ▾

Arrange the following acts in the order in which they came into force:

1) Competition Act

2) Foreign Exchange Management Act

3) Consumer protection Act

4) The Factories Act-1948

Choices

Choice (4)Response

a.

4,3, 2,1

b.

4,2, 3,1

c.

3,4, 2,1

d.

2,1, 4,3

Question 989

Question

MCQ▾

In which economic theories, Malthus theories are in the base?

Choices

Choice (4)Response

a.

Ricardo

b.

Robins

c.

Ademsmith

d.

Keynes

Question 990

Foreign Exchange Market and Arbitrage

Question

True-False▾

Statements

  1. It shows the net income generated in the foreign trade sector

  2. It relates to claims and liabilities of financial nature

Choices

Choice (4)Response

a.

None of the statements is correct.

b.

Only statement Ⅰ is true.

c.

Only statement Ⅱ is true.

d.

All the statements are correct.

Question 991

Question

MCQ▾

Assuming wage -price flexibility, the classical economists asserted that a decline in money wage and price would lead to

Choices

Choice (4)Response

a.

Deflation

b.

Unemployment

c.

Unemployment and decline in output

d.

High level of employment and output

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