Indian Economy [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 4 of 297

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Question 1

Indian Economy
India's Balance of Payments

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

If the demand of the domestic consumers is infinitely elastic and the supply of the foreign producer is perfectly inelastic, then the whole of the tariff will (June)

Choices

Choice (4)Response

a.

Be equally shared by the domestic consumers and the foreign producer

b.

Be paid by the domestic consumers

c.

Yield neither revenue nor protection to either of them

d.

Be paid by the foreign producer

Question 2

Indian Economy
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 3

Indian Economy
Flow of Foreign Capital

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

The RBI made Indian Rupee convertible in current account transactions related to goods and services in the year (June)

Choices

Choice (4)Response

a.

2002

b.

1994

c.

1985

d.

2011

Question 4

Indian Economy
Policy Responses

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Union Budget 2016 - 17 imposed a surcharge of 15 % on the income exceeding

Choices

Choice (4)Response

a.

1 crore

b.

10 lakh

c.

2 crore

d.

75 lakh

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