GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1010 - 1014 of 1256

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Question 1010

Functioning of Monetary Policy in India

Question

MCQ▾

The code used under GST for classification of goods is called:

Choices

Choice (4)Response

a.

ITC

b.

NIC

c.

GSTN

d.

HSN

Question 1011

Question

MCQ▾

A country can have an increase surplus in its balance of trade as a result of:

Choices

Choice (4)Response

a.

An increase in domestic inflation

b.

Declining imports and rising exports

c.

Higher tariffs imposed by its trading partner

d.

An increase in capital inflow

Question 1012

Poverty and Inequalities -Concepts and Measurement Issues

Question

MCQ▾

Non-Accelerating Inflation Rate of Unemployment (NAIRU) means:

Choices

Choice (4)Response

a.

A rate of inflation which makes the rate of unemployment zero.

b.

A rate of unemployment which is equal to the rate of inflation.

c.

A rate of inflation for which the change in the rate of unemployment is zero.

d.

A rate of unemployment for which the change in the rate of inflation is zero.

Question 1013

Public Budget and Budget Multiplier

Question

MCQ▾

A budgeting where all expenses are evaluated each time a budget is prepared and expenses are justified for each new period is called

Choices

Choice (4)Response

a.

Gender budgeting

b.

Balanced budget

c.

Outcome budget

d.

Zero based budgeting

Question 1014

Cardinal Approach and Ordinal Approach

Question

MCQ▾

An increase in supply of a commodity causes …

Choices

Choice (4)Response

a.

An increase in equilibrium price and decrease in equilibrium quantity

b.

An increase in equilibrium price and increase in equilibrium quantity

c.

Decrease in equilibrium price and decrease in equilibrium quantity

d.

Decrease in equilibrium price and increase in equilibrium quantity

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