GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1140 - 1142 of 1256

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Question 1140

Appeared in Year: 2020 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List I with List II (September Evening Shift)

List-Ⅰ (Concept)List-Ⅱ (Theorem)
(A)

Effectiveness of private market in dealing with externalities

(i)

Coase Theorem

(B)

Controlling prices through effective price ceiling and a price floor

(ii)

Laffer curve

(C)

Dominant strategy

(iii)

Deadweight Loss

(D)

Relationship between increase in tax rate and tax revenue

(iv)

Game Theory

Choices

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

a.

  • (ii)
  • (i)
  • (iv)
  • (iii)

b.

  • (ii)
  • (iii)
  • (iv)
  • (i)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (i)
  • (iii)
  • (ii)
  • (iv)

Question 1141

Tax Reforms-Goods and Services Tax

Appeared in Year: 2020 (UGC NET)

Question

MCQ▾

The best system of taxation from the economic point of view is that which has the best or the least bad economic effects. Who said this? (September Evening Shift)

Choices

Choice (4)Response

a.

Musgrave

b.

Marshall

c.

Pigou

d.

Hugh Dalton

Question 1142

Appeared in Year: 2020 (UGC NET)

Question

MCQ▾

Who said, “I believe that the objective for disinvestment should be to benefit the public, the consumer and the investor and at the same time to improve competitiveness and eliminate monopoly” ? (September Evening Shift)

Choices

Choice (4)Response

a.

George Fernandes

b.

Chidambaram

c.

Manmohan Singh

d.

Yashwant Sinha

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