GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1171 - 1174 of 1256

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Question 1171

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

In the Balance of Payments Account, the transfer payments are included in which one of the following? (June)

Choices

Choice (4)Response

a.

Current Account

b.

Service Account

c.

Official Reserves Account

d.

Capital Account

Question 1172

Equilibrium and Disequilibrium and Adjustment Mechanisms

Appeared in Year: 2019 (UGC NET)

Question

MCQ▾

Assume that an economy begins in macroeconomic equilibrium, then taxes are significantly decreased as a result of this change (June)

Choices

Choice (4)Response

a.

there is recession and deflation in the economy

b.

there is expansion and inflation in the economy

c.

there is expansion and deflation in the economy

d.

there is stagflation in the economy

Question 1173

Marshallian and Hicksian Demand Functions

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

A consumer increases its demand for a commodity from 40 to 50 units when its price falls by 10 % . The price elasticity of demand is

Choices

Choice (4)Response

a.

3.5

b.

1.5

c.

2.5

d.

0.5

Question 1174

Functioning of Monetary Policy in India

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

The effect of increase in Cash Reserve Ratio will be reduced or nullified if

Choices

Choice (4)Response

a.

Bank rate is reduced.

b.

Securities are sold in the open market

c.

Statutory Liquidity Reserve (SLR) is Increased.

d.

People don՚t borrow from nonbanking institutions.

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