GATE (Graduate Aptitude Test in Engineering) Economics: Questions 250 - 252 of 1256

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Question 250

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

According to whom, surplus value should be given to labor. (September)

Choices

Choice (4)Response

a.

Sen

b.

Gandhi

c.

Karl Marx

d.

Adam Smith

Question 251

Marshallian and Hicksian Demand Functions

Appeared in Year: 2013 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items in List – I with items in List – II: (September)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Point of tangency of a budget line and indifference curve

(i)

Budget Line

(B)

A set of indifference curves

(ii)

Indifference Curves

(C)

Various combination that a consumer can purchase

(iii)

Indifference Map

(D)

Various combination of two commodities That give the consumer equal satisfaction

(iv)

Consumer Equilibrium

Choices

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

a.

  • (iv)
  • (iii)
  • (ii)
  • (i)

b.

  • (iii)
  • (i)
  • (iv)
  • (ii)

c.

  • (iv)
  • (iii)
  • (i)
  • (ii)

d.

  • (ii)
  • (i)
  • (iii)
  • (iv)

Question 252

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Arrange the following in chronological order:

I. Task Force on Direct and Indirect Taxes (Kelkar Committee)

II. Replacement of State Sales Tax by Value Added Tax

III. Introduction of MODVAT

IV. Fiscal Responsibility and Budget Management Act (September)

Choices

Choice (4)Response

a.

II, III, IV, I

b.

III, I, IV, II

c.

III, IV, I, II

d.

III, II, IV, I

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