GATE (Graduate Aptitude Test in Engineering) Economics: Questions 265 - 267 of 1256

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Question 265

Appeared in Year: 2013 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

In India, ‘Green Revolution’ was also criticized as Wheat Revolution. (September)

Reason(Ꭱ)

The productivity of wheat in India during the 1970՚s was one of the highest in the world.

Choices

Choice (4)Response

a.

Ꭺ is false but Ꭱ is true

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

d.

Ꭺ is true but Ꭱ is false

Question 266

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Which of the following tax is introduced in India in 1953 and abolished in 1985? (September)

Choices

Choice (4)Response

a.

Gift Tax

b.

Expenditure Tax

c.

Agricultural Income tax

d.

Estate Duty

Question 267

Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2013 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

The Natural Rate of Unemployment Hypothesis yields in the long run a vertical Phillips Curve. (September)

Reason(Ꭱ)

The Natural Rate of Unemployment assumes static price expectations.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

d.

Ꭺ is false but Ꭱ is true

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