GATE (Graduate Aptitude Test in Engineering) Economics: Questions 98 - 101 of 1256

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Question 98

Appeared in Year: 2014 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Geometric mean is theoretically considered as the best average to construct index numbers. (June)

Reason(Ꭱ)

Geometric mean is used if the range of observations is extremely large.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question 99

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

A public good is

(i) Non excludable in nature

(ii) Non rival in consumption

(iii) Excludable in nature

(iv) A good that public must possess

Select the correct answer from answer form the codes given below:

Choices

Choice (4)Response

a.

Only (iv)

b.

(i) and (ii)

c.

(iii) and (iv)

d.

Only (iii)

Question 100

Cardinal Approach and Ordinal Approach

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Where symbols have their usual meaning, at which price, the elasticity of demand would be unity?

Choices

Choice (4)Response

a.

10

b.

20

c.

5

d.

All a., b. and c. are correct

Question 101

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

‘Apna Khet, Apna Kaam’ (i.e.. own field, own work) is a new scheme under MNREGA and it was initiated in the State (December)

Choices

Choice (4)Response

a.

Rajasthan

b.

Madhya Pradesh

c.

Punjab

d.

Gujarat

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