GATE (Graduate Aptitude Test in Engineering) Economics: Questions 303 - 305 of 1256

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Question 303

The Fiscal Responsibility and Budget Management Act 2003

Appeared in Year: 2013 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Agricultural income is taxed by the Union Government. (September)

Reason(Ꭱ)

Agriculture is a State subject.

Choices

Choice (4)Response

a.

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

b.

Ꭺ is true but Ꭱ is false

c.

Ꭺ is false but Ꭱ is true

d.

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

Question 304

Pattern & Structure of Growth

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Which one of the following is not reserved for public sector? (September)

Choices

Choice (4)Response

a.

Railways

b.

Insurance

c.

Atomic energy

d.

Port Trust of India

Question 305

Appeared in Year: 2013 (UGC NET)

Question

MCQ▾

Which of the following is true with regard to peak-load pricing?

(1) It is applicable only for electrical public utilities.

(2) It leads to substitution in consumption from the period of peak demand to the period of low demand.

(3) It leads to reduction in consumer welfare.

(4) It leads to higher consumer welfare during peak periods when demand and marginal costs are low. (September)

Choices

Choice (4)Response

a.

(1) & (3) only.

b.

(1) & (2) only.

c.

(2) & (4) only.

d.

(2) & (3) only.

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