GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 1096 - 1099 of 1877
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Question 1096
Appeared in Year: 2020
Question MCQ▾
Seigniorage in banking means
A. The economic cost of providing a currency within a given economy
B. The difference between the face value of money and the cost of providing it
C. The cost involved in running ATMs
D. The costs of making debit/credit cards in an economy
Choose the correct answer from the options given below:
(September Evening Shift)
Choices
Choice (4) | Response | |
---|---|---|
a. | A and C only | |
b. | A and B only | |
c. | B and D only | |
d. | B and C only |
Question 1097
Appeared in Year: 2020
Question MCQ▾
GDP expressed in terms of current prices is called (September Evening Shift)
Choices
Choice (4) | Response | |
---|---|---|
a. | Gross National Product | |
b. | Real GDP | |
c. | Nominal GDP | |
d. | Net Domestic Product |
Question 1098
Appeared in Year: 2020
Question Assertion-Reason▾
Assertion(Ꭺ)
High powered money is the source of all other forms of money that impact money supply (September Evening Shift)
Reason(Ꭱ)
Credit is created by commercial banks
Choices
Choice (4) | Response | |
---|---|---|
a. | Ꭺ is false but Ꭱ is true | |
b. | Both Ꭺ and Ꭱ are false | |
c. | Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ | |
d. | Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ |
Question 1099
Appeared in Year: 2020
Question MCQ▾
Which of the following situations represents an economic investment in the national income calculation?
A. Buying a newly constructed house for self-occupation
B. Buying of new shares
C. Buying a new car by a publishing house for delivering books
D. Buying a new car by a household
Choose the correct answer from the options given below:
(September Evening Shift)
Choices
Choice (4) | Response | |
---|---|---|
a. | A, B and C only | |
b. | A, C and D only | |
c. | A and C only | |
d. | None of the above |