GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1160 - 1163 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 1160

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

The three main features of the capitalist economies are:

Choices

Choice (4)Response

a.

Patents, Profit and Property rights

b.

Prices, Profit and Property rights

c.

Prices, Profits and Patents

d.

Prices, Patents and Property rights

Question 1161

Components of Money Supply

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Under which system the central bank is authorised by law to issue a fixed amount of notes against government securities and any excess is to be fully backed by gold/silver? (June)

Choices

Choice (4)Response

a.

Maximum fiduciary system

b.

Maximum and minimum fiduciary system

c.

Fixed fiduciary system

d.

Minimum reserve system

Question 1162

Marshallian and Hicksian Demand Functions

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Which of the following is the correct formula for measuring income elasticity of demand?

Choices

Choice (4)Response

a.

b.

c.

d.

Question 1163

Marshallian and Hicksian Demand Functions

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Chicken and fish are substitutes. If the price of chicken increases, the demand for fish will

Choices

Choice (4)Response

a.

Not change but there will be movement along the demand curve for fish.

b.

Increase and the demand curve for fish will shift rightwards

c.

Increase or decrease but the demand curve for chicken will not change

d.

Decrease and the demand curve for fish will shift leftwards

Developed by: