GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1156 - 1159 of 1256

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Question 1156

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

The rational expectations hypothesis suggests that the forecasts that people make concerning future inflation rates (June)

Choices

Choice (4)Response

a.

are correct on an avenge but are subject to errors that are distributed randomly

b.

consistently underestimates the actual rate of inflation in the future

c.

consistently overestimates the actual rate of inflation in the future

d.

None of the above

Question 1157

Functioning of Monetary Policy in India

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

The IRR is the discount rate that equates the project NPV to ________ and benefit-cast ratio to ________. (June)

Choices

Choice (4)Response

a.

0,1

b.

0,0

c.

1,0

d.

1,1

Passage

Direction: Read the passage given below and answer the questions that follow it:

Suppose that for a particular economy for sonic time period, investment was equal to 100, government expenditure was equal to 75, net taxes were fixed at 100 and consumption (C) was given by the consumption function:

C = 25 + 0.8 YD

where YD is disposable income and Y is GDP.

Question 1158 (1 of 3 Based on Passage)

Marshallian and Hicksian Demand Functions

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

What is the value of tax multiplier ? (June)

Choices

Choice (4)Response

a.

-3

b.

-4

c.

-2

d.

-5

Question 1159

Components of Money Supply

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Which of the following duties is not performed by the Comptroller and Auditor General of India?

Choices

Choice (4)Response

a.

To control the receipt and issue of public Money

b.

To audit and report on all trading manufacturing and profit & loss accounts

c.

To audit and report on all expenditure from the consolidated fund of India.

d.

To audit and report on all expenditure form the Contingency Funds & Public Accounts

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