GATE 2025 question paper
All 39 questions from the GATE 2025 GATE Economics (XH-C1) paper. Open any question for the worked solution.
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- Q27In the context of a perfectly competitive market, identify the statement that is NOT CORRECT.
- Q28The demand function is given as log Q = log A + 0.5log P, where Q is quantity, P is the unit price of the good and A is a positive real number. The…
- Q29Which one of the following is part of the unconventional monetary policy?
- Q30Which one of the following statements is NOT CORRECT in the context of Keynesian Absolute Income Hypothesis?
- Q31Let f(x,y,z) = x² y³ z. Then, x(∂ f)/(∂ x)(x,y,z) + y(∂ f)/(∂ y)(x,y,z) + z(∂ f)/(∂ z)(x,y,z) =
- Q32Let f(x) = -3x²(1-x) - 3x(1-x)² - (1-x)³. Then, df(x)/dx =
- Q33In the context of environmental cost-benefit analysis, which of the following statements is/are NOT CORRECT?
- Q34Which of the following statements is/are CORRECT in the context of National Income Accounting?
- Q35Consider the following system of linear equations: x + 2y + 3z = 0 2x + py = 0 3x + 2y + pz = 0 The value(s) of p for which the system of equations…
- Q36Which of the following statements is/are CORRECT?
- Q37Which of the following statements is/are the key feature(s) of India's New Economic Reforms (1991)?
- Q38A Constant Elasticity of Substitution (CES) utility function is given as: U_(CES)(z₁,z₂) = 1/δ(z₁^δ + z₂^δ) where z₁ and z₂ are two goods, and δ ≤…
- Q39Consider a lottery with three possible outcomes: | Outcomes | Probability | Reward/Win (in INR) | I | 0.2 | 25 | II | 0.3 | 50 | III | 0.5 | 100 |…
- Q40For a closed economy with no government expenditure and taxes, the aggregate consumption function (C) is given by: C = 100 + 0.75 Y_d where Y_d is…
- Q41If X is a continuous random variable whose probability density function is given by f_X(x) = { 1/x² for 1 < x < ∞; 0 elsewhere } Then the median of…
- Q42The inverse demand function for a monopolist is given by P = 100 - kQ where P is the unit price of the good, Q is the quantity and k is a constant.…
- Q43Consider a simple Keynesian closed economy model with the following information: The Marginal Propensity to Consume (MPC) is 0.9 and the initial…
- Q44If X is a continuous random variable whose probability density function is given by f_X(x) = { cx³ + 0.25 for 0 ≤ x ≤ 1, c ∈ ℝ; 0 elsewhere } Then…
- Q45Consider a three-firms oligopoly market with a linear demand function given by P = 25 - Q where P is the unit price and Q is the total quantity…
- Q46Transfer payments by governments are viewed as
- Q47Match Column I with Column II. | Column I | Column II | P. Phillips Curve | 1. Describes the relationship between devaluation and trade deficit | Q.…
- Q48Consider the following statements: Statement 1: The new classical policy ineffectiveness proposition asserts that, systematic monetary policy and…
- Q49Consider a two-variables (x,y) linear regression model y = α + β x + ε where α and β are the parameters, and ε is the error term. The parameters are…
- Q50Let X₁, X₂, X₃, …, be independent and identically distributed random variables with E[X₁]=μ. Let N be a positive integer valued random variable with…
- Q51A Cobb-Douglas type short-run production function is given by q = 2√LK, where q,L,K are the output, labour and capital, respectively. K is fixed at…
- Q52A simple Keynesian open economy model is given by S+T+M = G+I+X, where S,I,G,T,X, and M stands for saving, investment, government expenditure…
- Q53Consider the two scenarios for a small open economy based on the Mundell-Fleming IS-LM model with floating exchange rate and perfect capital…
- Q54Which of the following statements is/are CORRECT in the context of Foreign Exchange Market?
- Q55Which of the following statements characterize(s) the Indian labour market?
- Q56Which of the following statements is/are NOT CORRECT?
- Q57There are two firms in an industry producing a homogeneous product. The market demand function is given by P = 1 - (q₁+q₂), where q₁ and q₂ are the…
- Q58Consider a two-person exchange economy where two goods, x and y are available in limited quantities of 50 and 100, respectively. The preferences of…
- Q59Let Y be income, r be interest rate, G be government expenditure and M^s be money supply. Consider the following closed economy IS-LM equations with…
- Q60Consider the following Harrod-Domar growth equation s/θ = g + δ where s= saving rate, θ= capital-output ratio, g= overall growth rate, and δ=…
- Q61A coin has a true probability μ of turning up Heads. This coin is tossed 100 times and shows up Heads 60 times. The following hypothesis is tested…
- Q62The installation cost (IC) of a solar power plant is INR 89,000. The plant shall be operational for 5 years. The recurring costs for maintenance of…
- Q63Let f(x,y) = -x²-y²+2x+4y+5. Let (x*,y*) denote the solution to the following optimization problem: Maximize f(x,y) subject to x≥ 0, y≥ 0, 2x+y≤ 6…
- Q64Two players A and B are playing a game. Player A has two available actions a₁ and a₂. Player B has two available actions b₁ and b₂. The payoff…
- Q65If the Marginal Propensity to Consume (MPC) of an economy is 0.75, then the value of expenditure multiplier will be (in integer).