GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1167 - 1170 of 1256

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Question 1167

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Which one of the following items is included in the Capital Account of the balance of payments of a country? (June)

Choices

Choice (4)Response

a.

Invisibles

b.

Investment income

c.

Commercial borrowings

d.

Private transfer

Question 1168

Marshallian and Hicksian Demand Functions

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

The law of demand indicates:

Choices

Choice (4)Response

a.

The relationship between price of one commodity and the price of substitute

b.

The relationship between prices of two commodities

c.

The relationship between the increase of a consumer and the quantity demanded

d.

The relationship between the price of a commodity and the quantity demanded

Question 1169

Marshallian and Hicksian Demand Functions

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

If the demand for a good is price-elastic, a fall in its price will lead to

Choices

Choice (4)Response

a.

A rise in total demand for the good

b.

A fall in total demand

c.

A fall in its sales

d.

No change in total demand

Question 1170

Monetary and Fiscal Policy Efficacy

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

During the recession which of the following measures is initiated? (June)

Choices

Choice (4)Response

a.

Increasing tax rates and keeping government spending constant

b.

Increasing taxes and decreasing government spending

c.

Keeping tax rates constant and increasing government spending

d.

Cutting taxes and boosting government spending

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