GATE 2024 question paper
All 39 questions from the GATE 2024 GATE Economics (XH-C1) paper. Open any question for the worked solution.
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- Q27Which one of the following measures in the Keynesian framework is adopted to tame inflation in an economy?
- Q28If the difference between actual GDP and the trend output varies inversely with the difference between actual unemployment rate and the natural rate…
- Q29In the sticky-price model of aggregate supply, if none of the firms in the market have flexible prices, then the short-run aggregate supply curve…
- Q30When transfer of income happens from the "not richer" individual to the "not poorer" individual, then such a transfer is known as
- Q31In the context of the Harris-Todaro model of rural-urban migration, which one of the following is TRUE?
- Q32The Minimum Support Prices in India are notified based on the recommendations of which one among the following Commissions?
- Q33In an economy, the dependency ratio is the ratio of
- Q34Which one of the following is NOT a source of finance of the Government of India?
- Q35In the Keynesian closed economy IS-LM model, where interest rate is plotted along the vertical axis and output is plotted along the horizontal axis…
- Q36In the Keynesian system, the speculative demand for money arises because of
- Q37Which of the following statements is/are TRUE?
- Q38Let x₁,x₂,⋯,xₙ be an independently, and identically distributed (*iid*) random sample drawn from a population that follows the Normal Distribution…
- Q39Consider a simple pooled regression model: yᵢₜ = β₀+β₁xᵢₜ+vᵢₜ where vᵢₜ=μᵢ+ϵᵢₜ and Cov(xᵢₜ,μᵢ)≠ 0. Here, μᵢ captures the unknown individual specific…
- Q40Which of the following factor(s) do NOT affect output and employment in the classical macroeconomic model?
- Q41For the following function f(x) to be a probability density function, the value of c will be (rounded off to two decimal places). f(x) = { c/√x…
- Q42A six-face fair die is rolled once, with X being the number that appeared on the uppermost surface. Then the variance of X is (rounded off to three…
- Q43Consider a Cobb-Douglas utility function given as U(H) = (24-H)^(1-a)(wH)^a, where H is the number of hours spent working per day, and w is the wage…
- Q44For a given foreign currency, if the forward exchange rate of delivery is 20 and the current value of spot exchange rate is 8, then the forward…
- Q45Two friends Aditi and Raju are deciding independently whether to watch a movie or go to a music concert that evening. Both friends would prefer to…
- Q46Consider a two good economy where a denotes consumption of apricots and b denotes consumption of bananas. Anu's utility function is U^(Anu)(a,b) =…
- Q47A dual economy consisting of a manufacturing sector (M) and an agricultural sector (A) is depicted in the figure below. O_MO_A is the total labour… · diagram
- Q48If X and Y are two random variables with the joint probability density function f(x,y) = { 2/3(x+2y) for 0<x,y<1; 0 otherwise } then E[X | Y=1/2]…
- Q49If a discrete random variable X follows the uniform distribution and assumes only the values 8, 9, 11, 15, 18, and 20, then P(|X-14|<5) is
- Q50Assume the following probabilities for two events, A and B: P(A)=0.50, P(B)=0.70, and P(A∪ B)=0.85. Then we can conclude that
- Q51The following table provides different statistical model specifications along with the elasticity of yₜ with respect to xₜ. Which one of the…
- Q52An incumbent firm (I) faces the possibility of entry by a challenger firm (C). If C enters, I may either accommodate or fight. If C does not enter…
- Q53For the function F:ℝ²→ℝ specified as F(x,y)=x³-y³+9xy, which of the following options is/are correct
- Q54A decrease in the income tax rate has a effect on the labour supply if the effect dominates.
- Q55Which of the following statements is/are FALSE?
- Q56Consider the Solow growth model in which output (Y) is determined by the production function Yₜ=0.2Kₜ+0.8Lₜ, where K and L denote capital and labour…
- Q57Suppose XYZ Corp. is totally financed by equity; it is earning Rs. 2.50 per share; its capitalization rate is 20%. There are 10,000 shares…
- Q58An industry comprising only two firms produces a homogenous product where the market demand function is given by P=200-2(q₁+q₂) where q₁ and q₂ are…
- Q59Let x and y be two dummy variables that take the values of either 0 or 1, and follow the bivariate frequency distribution as given below. If a logit…
- Q60Based on the table given below, the current account deficit in nominal terms as a percentage of GDP during 2012-13 will be (rounded off to three…
- Q61In an economy, the effort level of a worker in firm i is denoted by eᵢ and depends on the wage Wᵢ received by the worker from the firm, and the…
- Q62In a perfectly competitive market, suppose the market demand curve is given by P=10+W-Q, where P is the market price, W is the average wealth of the…
- Q63The estimated results of a Probit model is given in the table below, where Y is a binary variable taking the value either 0 or 1, and X is an…
- Q64Consider an industry with six firms. An analyst collated the data for this industry as given below. The Herfindahl-Hirschman Index (HHI) for this…
- Q65Consider a duopoly market where Firm 1 and Firm 2 produce differentiated products such that the demand function of each firm is given by: q₁(p₁,p₂)…