NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 150 - 152 of 1011

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Question number: 150

» Micro-Economic Analysis » Theory of Demand » General Equilibrium and Welfare Economics

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Appeared in Year: 2014

Match List-Ⅰ List-Ⅱ▾

Question

Match the following: (June)

List-Ⅰ (Group – I) List-Ⅱ (Group – II)

(A)

A double Kaldor-Hicks Test

(i)

K. J. Arrow

(B)

Compensation Principle

(ii)

T. Scitovsky

(C)

Impossibility theorem

(iii)

Kaldor- Hicks

(D)

Social Welfare function

(iv)

A. Bergson

Choices

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

a.

  • (iii)
  • (i)
  • (iv)
  • (ii)

b.

  • (iii)
  • (iv)
  • (i)
  • (ii)

c.

  • (ii)
  • (iii)
  • (i)
  • (iv)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

Question number: 151

» Public Finance » Fiscal Federalism » State Financial Relations in India

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Appeared in Year: 2014

MCQ▾

Question

Which of the following are the role of Finance Commissions in India?

I. To make recommendations on the distribution of tax proceeds between Centre and States.

II. To make Recommendations on levying, removing or restructuring of taxes.

III. To recommend Grants-in-aid under Article 275 of the Constitution

IV. To recommend plan and other grants under Article 282 of the Constitution (June)

Choices

Choice (4) Response

a.

I and III are correct.

b.

I and II are correct.

c.

I, III and IV are correct.

d.

None of the above

Question number: 152

» Macro-Economic Analysis » Determination of Output and Employment » Keynesian Approach

Edit

Appeared in Year: 2014

Match List-Ⅰ List-Ⅱ▾

Question

Complete the statements given in List – I with List – II: (June)

List-Ⅰ (Group – I) List-Ⅱ (Group – II)

(A)

Instantaneous adjustment of income with investment spending occurs in

(i)

State multiplier

(B)

Major portion of multiplier is realized in fewer periods when

(ii)

Dynamic multiplier

(C)

Value of investment multiplier is zero when

(iii)

MPC is smaller

(D)

Consumption lags income by one period in

(iv)

Increase in investment expenditure is once for all

Choices

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

a.

  • (ii)
  • (iv)
  • (iii)
  • (i)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

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