GATE (Graduate Aptitude Test in Engineering) Economics: Questions 129 - 130 of 1256

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Question 129

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Which of the following are the role of Finance Commissions in India?

I. To make recommendations on the distribution of tax proceeds between Centre and States.

II. To make Recommendations on levying, removing or restructuring of taxes.

III. To recommend Grants-in-aid under Article 275 of the Constitution

IV. To recommend plan and other grants under Article 282 of the Constitution (June)

Choices

Choice (4)Response

a.

I and III are correct.

b.

I and II are correct.

c.

I, III and IV are correct.

d.

None of the above

Question 130

Appeared in Year: 2014 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Complete the statements given in List – I with List – II: (June)

List-Ⅰ (Group – I)List-Ⅱ (Group – II)
(A)

Instantaneous adjustment of income with investment spending occurs in

(i)

State multiplier

(B)

Major portion of multiplier is realized in fewer periods when

(ii)

Dynamic multiplier

(C)

Value of investment multiplier is zero when

(iii)

MPC is smaller

(D)

Consumption lags income by one period in

(iv)

Increase in investment expenditure is once for all

Choices

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

a.

  • (ii)
  • (iv)
  • (iii)
  • (i)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

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