NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 345 - 348 of 851

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Question number: 345

» Micro-Economic Analysis » Demand Analysis » Hicksian and Revealed Preference Approaches

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Appeared in Year: 2013

MCQ▾

Question

Market demand for any goods is a function of

i. price per unit of that goods

ii. Price per unit of related goods

iii. Income of the consumer

iv. Taste and preference of the consumer (September)

Choices

Choice (4) Response

a.

i and iii only are true.

b.

i, ii and iii only are true.

c.

i, ii, iii and iv are true.

d.

i and ii only are true.

Question number: 346

» Micro-Economic Analysis » Theory of Pricing » Monopoly, Monopolistic Competition, Duopoly and Oligopoly

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Appeared in Year: 2013

Assertion-Reason▾

Question

Assertion (Ꭺ)

The imposition of Sales Tax does not affect the profit of the monopolist. (September)

Reason (Ꭱ)

The monopolist shifts the burden of Sales Tax on to the consumer.

Choices

Choice (4) Response

a.

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

b.

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

c.

Ꭺ is true but Ꭱ is false

d.

Both Ꭺ and Ꭱ are false

Question number: 347

» Macro-Economic Analysis » Macro-Economic Equilibrium » Relative Roles of Monetary and Fiscal Policies

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Appeared in Year: 2013

MCQ▾

Question

Assuming fixed prices, which of the following statements are true?

1. Monetary policy is more effective, flatter the IS-curve.

2. Fiscal policy is less effective, flatter the LM curve.

3. Fiscal policy is more effective, flatter the LM curve.

4. Monetary policy is ineffective and fiscal policy is fully effective in liquidity trap. (September)

Choices

Choice (4) Response

a.

1,3, 4

b.

2,3, 4

c.

1,2, 4

d.

None of the above

Question number: 348

» Micro-Economic Analysis » Elements of General Equilibrium & New Welfare Economics

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Appeared in Year: 2013

Match List-Ⅰ List-Ⅱ▾

Question

Match the items in List – I with items in List – II: (September)

List-Ⅰ (Group I) List-Ⅱ (Group II)

(A)

Residual Claimant Theory

(i)

Bergson- Samuelson

(B)

Loanable Funds Theory

(ii)

Kaldor- Hicks

(C)

Compensation Criteria

(iii)

Nut. K. Wicksel

(D)

Social Welfare Function

(iv)

Walker

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (iii)
  • (ii)
  • (i)

b.

  • (iii)
  • (i)
  • (iv)
  • (ii)

c.

  • (ii)
  • (i)
  • (iii)
  • (iv)

d.

  • (ii)
  • (iv)
  • (i)
  • (iii)