NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 195 - 198 of 1278

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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 excludable but rival

b.

Air

Non excludable and non rival

c.

Use of a light house

Rival

d.

Stock of washing machines

Excludable

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

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