NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 431 - 434 of 851

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Question number: 431

» Public Finance » Public Revenue » Approaches to the Division of Tax Burden

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Appeared in Year: 2015

Assertion-Reason▾

Question

Assertion (Ꭺ)

A progressive income tax is based on equimarginal sacrifice (December)

Reason (Ꭱ)

Higher the income, lower will be the marginal utility of money for the tax payers

Choices

Choice (4) Response

a.

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

b.

Ꭺ is false but Ꭱ is true

c.

Ꭺ is true but Ꭱ is false

d.

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

Question number: 432

» Macro-Economic Analysis » Supply of Money » Money Multiplier

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Appeared in Year: 2016

Match List-Ⅰ List-Ⅱ▾

Question

Match the following: (Paper II)

List-Ⅰ (Group I) List-Ⅱ (Group II)

(A)

MPC = 0.4

(i)

K = 1.25

(B)

MPC = 0.2

(ii)

K = 1.66

(C)

MPS = 0.75

(iii)

K = 1.33

(D)

MPS = 0.5

(iv)

K = 2

Choices

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

a.

  • (ii)
  • (i)
  • (iii)
  • (iv)

b.

  • (iii)
  • (iv)
  • (i)
  • (ii)

c.

  • (iv)
  • (iii)
  • (ii)
  • (i)

d.

  • (iii)
  • (i)
  • (iv)
  • (ii)

Question number: 433

» Macro-Economic Analysis » Phillips Curve Analysis

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Appeared in Year: 2016

MCQ▾

Question

Which of the following statements are true for the Triangle model?

I. It is a model developed by New Keynesian economists.

II. It includes built-in inflation in the analysis.

Which of the above statement (s) is/are true? Answer from the codes below: (Paper III)

Choices

Choice (4) Response

a.

I and II

b.

Only II

c.

Only I

d.

All of the above

Question number: 434

» Micro-Economic Analysis » Factor Pricing Analysis

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Appeared in Year: 2015

MCQ▾

Question

Segmented labour markets imply: Which of the below is incorrect? (December)

Choices

Choice (4) Response

a.

MP theory of wage fails to determine market outcomes

b.

Labour paid wage less than MRP

c.

Labour Discrimination

d.

Equality of wages of different types of labour