NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 178 - 181 of 851

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Question number: 178

» Public Finance » Public Revenue » Elasticity and Buoyancy

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Appeared in Year: 2013

MCQ▾

Question

A proportionate increase in tax revenue to a proportionate increase in the tax base is called (December)

Choices

Choice (4) Response

a.

Elasticity of a tax

b.

Buoyancy of a tax

c.

Neutrality of a tax

d.

Question does not provide sufficient data or is vague

Question number: 179

» International Economics » Theory of Regionalism at Global Level » Recent Theories (For SET)

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Appeared in Year: 2014

MCQ▾

Question

Under a managed floating exchange rate system, the nation’s monetary authorities intervene in foreign exchange markets to (June)

Choices

Choice (4) Response

a.

smooth out short-run fluctuations in exchange rates

b.

keep exchange rates flexible

c.

smooth out short-run and long-run fluctuations in exchange rates

d.

keep exchange rates fixed among a group of nations

Question number: 180

» Macro-Economic Analysis » Determination of Output and Employment » Consumption Hypotheses

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Appeared in Year: 2013

MCQ▾

Question

Assuming life cycle hypothesis let a person starts working when he is 20 years old, works until the age of 60 and expects to die at the age of 70. If this person earns, say ` 1.50 lac annually when he is 20 - 30 years, ` 2 lac annually when he is 30 - 45 years, and ` 3 lac annually when he is 40 - 60 years, then his life time average propensity to consume is (December)

Choices

Choice (4) Response

a.

0.80

b.

0.90

c.

0.60

d.

0.70

Question number: 181

» Micro-Economic Analysis » Pricing and Output under Market Structure

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Appeared in Year: 2013

MCQ▾

Question

If the monopolist incurs loss in the short run, then in the long run

i. He will go out of business

ii. He will stay in business

iii. He will break even

iv. Any of the above is possible (December)

Choices

Choice (4) Response

a.

i only

b.

i and iii

c.

i and ii

d.

ii only