NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 195 - 199 of 1011

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Question number: 195

» Public Finance » Public Revenue » Taxable Capacity Public Debt

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Appeared in Year: 2017

MCQ▾

Question

Concepts of concentration and displacement effect in public expenditure is attributed to

Choices

Choice (4) Response

a.

Kenneth Arrow and Paul Samuelson

b.

AC Pigou and JK Mehta

c.

Alllen T Peacock and Jack Wiseman

d.

AR Prest and IMD Little

Question number: 196

» Public Finance » Role of the Government in Economic Activity » Private, Public and Merit Goods

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Appeared in Year: 2017

Matching-Pair▾

Question

Find the pair which does not match:

Choices

Choice (4) Response

a.

Fishing in the large lake

Non exclusive but rival

b.

Air

Non exlusive and non rival

c.

Use of a light house

Rival

d.

Stock of washing machines

Exclusive

Question number: 197

» Development and Planning » Theories of Development » Neoclassical Growth-Solow's Model, Steady State Growth (For SET)

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Appeared in Year: 2014

Assertion-Reason▾

Question

Assertion (Ꭺ)

Solow model is a major improvement over Harrod-Domar Model. (June)

Reason (Ꭱ)

Solow built a model of long run growth without the assumption of fixed proportion in production.

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are false

b.

Ꭺ is true but Ꭱ is false

c.

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

d.

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

Question number: 198

» Macro-Economic Analysis » Output Price Determination

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Appeared in Year: 2014

MCQ▾

Question

Transaction Cost is also called (June)

Choices

Choice (4) Response

a.

Menu Cost

b.

Opportunity Cost of holding cash

c.

Shoe Leather Cost

d.

All of the above

Question number: 199

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

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Appeared in Year: 2013

MCQ▾

Question

A graphical illustration used to explain efficiency conditions and demonstrates how the allocations of some goods and resources can be, improved through exchange is called (December)

Choices

Choice (4) Response

a.

Edgeworth box diagram

b.

Production possibility curves

c.

Phillips curve

d.

Social indifference curves

Developed by: