GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1039 - 1044 of 1256

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Question 1039

Closed Economy Concepts and Measurement and Open Economy Issues

Question

MCQ▾

Who amoung the following said “inflation is everywhere and always a monetary phenomenon” ?

Choices

Choice (4)Response

a.

Jemes Tobin

b.

Anna J. Schwartz

c.

Milton Friedman

d.

J M. Keynes

Question 1040

Marshallian and Hicksian Demand Functions

Question

MCQ▾

Demand for food stuff is income inelastic, this is explained by

Choices

Choice (4)Response

a.

Engel՚s law

b.

Geffen paradox

c.

Gossen՚s law

d.

Ricardo law

Question 1041

Question

MCQ▾

Assuming an agricultural growth rate of 4 % per annum in India, what will be its contribution to the country՚s GDP growth rate with a 20 % contribution of the agricultural sector to GDP?

Choices

Choice (4)Response

a.

5 %

b.

0.8 %

c.

2 %

d.

8 %

Question 1042

Tax Reforms-Goods and Services Tax

Question

MCQ▾

The ‘twin deficit’ problem means a country having:

Choices

Choice (4)Response

a.

High fiscal deficit and high governance deficit

b.

High fiscal deficit and high current account deficit

c.

High fiscal deficit and high primary deficit

d.

High fiscal deficit and high revenue deficit

Question 1043

Question

MCQ▾

The idea of indicative planning was first adopted in which Five year plan of India?

Choices

Choice (4)Response

a.

Second plan

b.

Fifth plan

c.

Seventh plan

d.

Eighth plan

Question 1044

Question

MCQ▾

The exchange rate is kept the same in all parts of the market by

Choices

Choice (4)Response

a.

Interest arbitrage

b.

Exchange arbitrage

c.

Speculation

d.

Hedging

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