GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1076 - 1078 of 1256

Access detailed explanations (illustrated with images and videos) to 1256 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 500.00 -OR-

How to register? Already Subscribed?

Question 1076

Cardinal Approach and Ordinal Approach

Appeared in Year: 2020 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List I with List II (September Evening Shift)

List-Ⅰ (Theory of Consumer)List-Ⅱ (Economist)
(A)

Absolute Income Hypothesis

(i)

M. Friedman

(B)

Relative Income Hypothesis

(ii)

J. M. Keynes

(C)

Permanent Income Hypothesis

(iii)

F. Modigliani

(D)

Life Cycle Hypothesis

(iv)

J. Duesenberry

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (iii)
  • (ii)
  • (i)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (ii)
  • (iv)
  • (i)
  • (iii)

d.

  • (iv)
  • (ii)
  • (iii)
  • (i)

Question 1077

Appeared in Year: 2020 (UGC NET)

Question

MCQ▾

Presence of asymmetric information in the market causes which of the following?

A. Adverse selection

B. Marginal benefits of an additional unit of resources diminish with an increasing number of unit of resources

C. Efficiency wages

D. Principal-Agent problem

Choose the correct answer from the options given below:

(September Evening Shift)

Choices

Choice (4)Response

a.

A, B and D only

b.

B, C and D only

c.

A and D only

d.

A and C only

Question 1078

Instruments (Direct and Indirect) of Monetary Policy

Appeared in Year: 2020 (UGC NET)

Question

MCQ▾

In the study of International Economics, we use the tools of (September Evening Shift)

Choices

Choice (4)Response

a.

Macroeconomic theory only

b.

Microeconomic theory only

c.

Both micro and macro-economic theory but we all extend, adapt, and integrate them

d.

Neither micro nor macro-economic theory

Developed by: