GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1051 - 1054 of 1256

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Question 1051

Cardinal Approach and Ordinal Approach

Question

MCQ▾

The condition of Pareto optimality holds correct under

Choices

Choice (4)Response

a.

Monopoly

b.

Oligopoly

c.

Monopolistic competition

d.

Perfect competition

Question 1052

Question

MCQ▾

Even as fixed average cost countries to fall the average variable cost begins to rise because

Choices

Choice (4)Response

a.

Returns to factors start diminishing

b.

Input prices start rising

c.

Producer budget starts shrinking.

d.

Returns to factors start rising

Question 1053

Tax Reforms-Goods and Services Tax

Question

MCQ▾

Indicate the sequence of the following in terms of their implementation with reference to India:

1) Income tax

2) Expenditure tax

3) Value - added tax at the state level

4) Service tax

Choose the correct answer from the code given below:

Choices

Choice (4)Response

a.

(3) , (4) , (1) , (2)

b.

(2) , (3) , (4) , (1)

c.

(1) , (3) , (2) , (4)

d.

(1) , (2) , (4) , (3)

Question 1054

Question

MCQ▾

Hagen՚s theory of social change uses psychology, sociology and anthropology to explain how a traditional agricultural society:

Choices

Choice (4)Response

a.

Produces an accommodating personality with a high need for achievement

b.

Attains continuing technical progress

c.

Learns to accept its fate

d.

Has a social structure where high status is maintained

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