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

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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

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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

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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

Edit