GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1060 - 1064 of 1256

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Question 1060

Tax Reforms-Goods and Services Tax

Question

MCQ▾

Choose the correct option:

1. Spectrum usage charges

2. Royalty income

Choices

Choice (4)Response

a.

1 is revenue receipt and 2 is capital receipt

b.

Both are capital receipt

c.

Both are revenue receipt

d.

1 is capital receipt and 2 is revenue receipt

Question 1061

Monetary and Fiscal Policy Efficacy

Question

MCQ▾

The locus of Pareto optimality in production and consumption is given by

Choices

Choice (4)Response

a.

The utility possibility curve

b.

The grand utility possibility curve

c.

The social welfare function

d.

The transformation curve

Question 1062

Question

MCQ▾

In which year the Kisan Credit card system was introduced?

Choices

Choice (4)Response

a.

1988

b.

2008

c.

1998

d.

1978

Question 1063

Theory of Employment in Imperfectly Competitive Markets

Question

MCQ▾

Which of the following will be true for both monopoly and monopolistic competition in the Short run?

Choices

Choice (4)Response

a.

Price is equal to marginal cost.

b.

Price is equal to marginal revenue.

c.

Price is greater than marginal revenue.

d.

Price is equal to average cost.

Question 1064

Question

MCQ▾

Which of the following is true with respect to the monetary approach to the balance of payments?

Choices

Choice (4)Response

a.

A balance of payments surplus results from an excess supply of money

b.

It views the balance of payments as an essentially monetary phenomenon.

c.

A balance of payments deficits results from an excess demand of money in the nation

d.

Balance of payments disequilibrium are not automatically corrected in the long run.

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