NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 302 - 306 of 1011

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Question number: 302

» Development and Planning » Economic Growth » Perpetuation of Underdevelopment

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Appeared in Year: 2013

MCQ▾

Question

The approach of social dualism is connected with the following country: (September)

Choices

Choice (4) Response

a.

Pakistan

b.

U. K.

c.

Indonesia

d.

Iran

Question number: 303

» Public Finance » Fiscal Policy » Balanced Budget Multiplier

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Appeared in Year: 2013

MCQ▾

Question

Which of the following statements is not true in case of the balanced budget multiplier? (September)

Choices

Choice (4) Response

a.

The value of balanced budget multiplier is unity when taxes are lump sum taxes.

b.

The value of tax multiplier for proportional taxes is -b1/-b + bt (where b = MPC and t = tax rate).

c.

The first round contractionary effect of additional tax revenue (–b, ΔT; b = MPC) is less than the explanatory effect of additional Government expenditure (= ΔG).

d.

None of the above

Question number: 304

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

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Appeared in Year: 2013

MCQ▾

Question

In the long run, the autonomous consumption will (September)

Choices

Choice (4) Response

a.

Remains unchanged

b.

Be zero

c.

Be infinity

d.

Decline but will remain positive

Question number: 305

» Development and Planning » Theories of Development » Lewis Model of Development

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Appeared in Year: 2013

MCQ▾

Question

By an unlimited supply of labor, Lewis meant (September)

Choices

Choice (4) Response

a.

Infinite elasticity of demand for labor

b.

Infinite labor available at prevailing wage rate

c.

Infinite elasticity of supply for labor

d.

Question does not provide sufficient data or is vague

Question number: 306

» Indian Economy » Money and Banking » Inflation

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Appeared in Year: 2013

MCQ▾

Question

Find out the correct answer from the codes given below:

Credit Rating Agencies in India

I. CRISIL

II. ICRA

III. TDICI

IV. CARE (September)

Choices

Choice (4) Response

a.

I, II and III are correct.

b.

I, II and IV are correct

c.

I and II are correct.

d.

I and IV are correct.

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