GATE (Graduate Aptitude Test in Engineering) Economics: Questions 279 - 281 of 1256

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Question 279

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Which of the followings have been important in growth of rice and wheat output in India after initiating green revolution program?

I. Changes in cropping pattern

II. Improved yields

III. Crop insurance

IV. Increased area under cultivation (June)

Choices

Choice (4)Response

a.

II, III & IV

b.

I, III & IV

c.

I, II & III

d.

I, II & IV

Question 280

Marshallian and Hicksian Demand Functions

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Market demand for any goods is a function of

i. price per unit of that goods

ii. Price per unit of related goods

iii. Income of the consumer

iv. Taste and preference of the consumer (September)

Choices

Choice (4)Response

a.

i and iii only are true.

b.

i, ii and iii only are true.

c.

i, ii, iii and iv are true.

d.

i and ii only are true.

Question 281

Appeared in Year: 2013 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

The imposition of Sales Tax does not affect the profit of the monopolist. (September)

Reason(Ꭱ)

The monopolist shifts the burden of Sales Tax on to the consumer.

Choices

Choice (4)Response

a.

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

b.

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

c.

Ꭺ is true but Ꭱ is false

d.

Both Ꭺ and Ꭱ are false

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