NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 324 - 327 of 851

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Question number: 324

» Public Finance » Public Budget » Different Concepts of Budget Deficits

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Appeared in Year: 2013

MCQ▾

Question

Fiscal deficit less interest payments is called (September)

Choices

Choice (4) Response

a.

Budgetary deficit

b.

Net fiscal deficit

c.

Monetized deficit

d.

Primary deficit

Question number: 325

» Development and Planning » Importance of Agriculture and Industry » Benefit Analysis

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Appeared in Year: 2013

MCQ▾

Question

Shadow price refers to (September)

Choices

Choice (4) Response

a.

Change in the value of the constraint per unit change in the objective function.

b.

Change in the value of objective function per unit change in any one of the constraints.

c.

The change in the value of the primal solution per unit change in the dual solution.

d.

All of the above

Question number: 326

» Development and Planning » Economic Growth » Perpetuation of Underdevelopment

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Appeared in Year: 2013

MCQ▾

Question

According to A. K. Sen, famines occurred in India because of (September)

Choices

Choice (4) Response

a.

Shortage of food grains

b.

Lack of demand

c.

Lack of transportation

d.

Lack of proper distribution mechanism

Question number: 327

» Macro-Economic Analysis » Phillips Curve Analysis

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Appeared in Year: 2013

MCQ▾

Question

The rational expectations hypothesis does not imply: (September)

Choices

Choice (4) Response

a.

On average the economy will be close to Long-run Average Supply (LAS) Curve.

b.

People do not make systematic errors.

c.

Macroeconomic policy changes must came as a surprise in order to have an impact on the real economy.

d.

Policy makers have better information about the economy than other economic actors.