GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1004 - 1009 of 1256

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Question 1004

Question

MCQ▾

Golden rule of accumulation refers to the saving rate that:

Choices

Choice (4)Response

a.

Maximizes the growth rate of output

b.

Maximizes the growing per capita consumption

c.

Optimizes the investment in the economy

d.

All of the above

Question 1005

Question

MCQ▾

NAFED is a

Choices

Choice (4)Response

a.

None government organization

b.

Company

c.

Cooperative organization

d.

Government body

Question 1006

Marshallian and Hicksian Demand Functions

Question

MCQ▾

Which amongst the following is a correct description of inverse demand function?

Choices

Choice (4)Response

a.

b.

c.

d.

Question 1007

Question

MCQ▾

Which of the following is the correct assumption for the ladies two sector model

Choices

Choice (4)Response

a.

Surplus labour in the rural sector

b.

High employment in urban sector

c.

High marginal productivity in the rural sector

d.

Riseing real wages

Question 1008

Question

MCQ▾

Arrange the following events in Indian economy in chronological order:

1) First phase of nationalization of 14 banks

2) Establishment of Narashimhan committee -1 on banking system

3) Enactment of FEMA Act

4) Establishment of EXIM Bank of India

Choices

Choice (4)Response

a.

1,3, 4,2

b.

1,3, 2,4

c.

1,4, 2,3

d.

1,4, 3,2

Question 1009

Investment Function Specifications

Question

MCQ▾

Tobin՚s q – theory of investment indicates that firms add to their stock of capital when

Choices

Choice (4)Response

a.

The market value of their financial assets exceeds the replacement value of their real assets

b.

The market value of their real assets exceeds the book value of their financial assets.

c.

The market value of their financial assets exceeds the book value of their real assets.

d.

The replacement value of their real assets exceeds the market value of their financial assets.

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