GATE (Graduate Aptitude Test in Engineering) Economics: Questions 13 - 16 of 1256

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Question 13

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Given arithmetic mean = 45, mode = 48, then median = (June)

Choices

Choice (4)Response

a.

48

b.

46

c.

49

d.

45

Question 14

Monetary and Fiscal Policy Efficacy

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

The crowding out effect is zero when (June)

Choices

Choice (4)Response

a.

IS curve is falling and LM curve is rising

b.

Money demand is perfectly interest inelastic, or investment is perfectly interest elastic

c.

There is liquidity trap, or investment is perfectly interest inelastic

d.

All of the above

Question 15

The Fiscal Responsibility and Budget Management Act 2003

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Which of the following tax is within the jurisdiction of Union or Central Government as enumerated in List – I of Schedule VII of the India Constitution? (June)

Choices

Choice (4)Response

a.

Taxes on luxuries, including entertainments.

b.

Taxes on goods and passengers carried by road.

c.

Taxes on Sales and purchase of newspapers and on advertisement therein.

d.

Taxes on the consumption and sale of electricity.

Question 16

Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following is not a characteristic of stagflation?

Choices

Choice (4)Response

a.

High inflation

b.

Low growth

c.

High employment

d.

High unemployment

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