NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 76 of 122)
Glide to success with Doorsteptutor material for competitive exams : get questions, notes, tests, video lectures and more- for all subjects of your exam.
- On which one of the following is the benefits received principle of taxation to achieve optimality based?
- Marginal benefit received
- Total benefit received
- Average benefit received
- Ability to pay for the benefit
- Match List-I (Relative elasticity) with List-II (Burden of tax) and select the correct answer using the codes given below the lists
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 76 of 122) List-I (Relative elasticity) List-II (Burden of tax) - es > ed
- es < ed
- es = ed
- es = 0, ed = 0
- The proportion of tax burden on buyer is less than upon the seller
- The proportion of tax burden on buyer is equal to seller
- The entire burden of tax will be on the seller
- The proportion of tax burden on buyer is higher than upon the seller
- The entire burden of tax will be upon the buyer
- A
- B
- C
- D
- 4
- 5
- 2
- 1
- 2
- 1
- 3
- 5
- 2
- 5
- 3
- 1
- 4
- 1
- 2
- 5
- Which one of the following is the correct statement? In industries displaying increasing returns to scale and operated by the public sector to achieve optimality, there has to be
- a subsidy to the consumer only
- a tax on the industry
- a tax on the consumer and subsidy to the producer
- a subsidy to the consumer and a tax on the producer
- If the fiscal deficit of the Union Government is ₹ 75,000 crores relending to States is ₹ 25,000 crores, interest payments are ₹ 25,000 crores, what is the amount of the primary deficit?
- ₹ 50,000 crores
- ₹ 25,000 crores
- ₹ 1,00, 000 crores
- ₹ 1,25, 000 crores
- Which one of the following phenomenon explains the free rider problem in public finance?
- Ticketless travel in the Indian Railways
- Economics of horse racing and the breeding of horses
- Economics of all types of pure public goods
- Preference non-revelation in the case of goods where consumption is joint
- Consider the following statements: The Heckscher-Ohlin theory of the trade is based on the assumption that
- Factors are mobile within the country.
- Factors are immobile within the country.
- Factors are mobile internationally.
- Factors are immobile internationally.
- Which of the statements given above are correct?
- 1 and 3
- 1 and 4
- 2 and 3
- 2 and 4
- Which one of the following is the correct statement? The factor price equalisation theorem is a corollary of
- the Ricardian trade theorem
- the Heckscher-Ohlin theorem
- imperfect competition model of trade
- None of the above
- Consider the following statements: The dynamic gains from trade include
- Gains based on the law of comparative advantage.
- Widening of the total market for a country՚s producers.
- Gains to take advantage of the relatively favorable price ratio.
- Acquisition of new knowledge, arrival of new ideas and the dissemination of technical knowledge etc.
- Which of the statements given above are correct?
- 1,3 and 4
- 2 and 4
- 1,2 and 3
- 2,3 and 4
- Which one of the following pairs in not correctly matched?
- Match Item 1: Tariff quota
- Match Item 2: Non-tariff barrier
- Match Item 1: Export subsidy
- Match Item 2: Tariff barrier
- Match Item 1: Ad valorem duty
- Match Item 2: Tariff barrier
- Match Item 1: Multi-fibre arrangement
- Match Item 2: Non-tariff barrier
- What is a countervailing duty?
- A lower import duty on raw material by the importing country to enhance the competitiveness of final product exports
- A duty to raise more revenue by the government for subsidising exports
- An import duty or tariff imposed by an importing country to raise the price of a subsidised export product to offset its lower price
- A lower tariff on imported commodity produced by a monopoly industry in the exporting country
- Which one of the following is the effective rate of protection?
- The percentage increase in the value added of an industry per unit of output as a result of tariff relative to free trade situation but with the same exchange rate
- Official nominal rate of tariff on the value of import of final product
- When the effect of tariff in imposing country results in improvement of terms of trade
- Effect of tariff on the level of income and employment in the tariff imposing country
- Which of the following would cause disequilibrium in the balance of payments?
- The level of domestic demand.
- Variations in the degree of inflation.
- International capital flows.
- Select the correct answer using the codes given below:
- 1,2 and 3
- 1 and 2
- 2 and 3
- 1 and 3
- Which one of the following can not be considered as the fundamental disequilibrium in the balance of payment of a country?
- Changes in consumer tastes within the country or abroad which reduce a country՚s exports
- Decline in the competitive strength of the country in the world market which adversely affects exports of the country
- Technological changes in the methods of production of domestic industries or in the industries of other countries
- Decline in the agricultural production due to natural calamities
- Which one of the following items is included in the capital account of the balance of payments of a country?
- Invisibles
- Investment income
- Commercial borrowings
- Private transfers
- Which of the following items constitute (s) international reserves?
- Gold.
- Foreign Exchange.
- SDRs
- IFC loans.
- Select the correct answer using the codes given below:
- 1,2 and 4
- 1 and 2
- 1,2 and 3
- 3 and 4