List of top Public Economics Questions asked in GATE XH-C1

Among the following, who first proposed that internal government debt does not create a burden for the future generation?

Which of the following is an example of direct tax?

The emission of greenhouse gases is an example of “bads” that are

Which of the following statements is correct about the Fourteenth Finance Commission?

An income tax system is considered progressive if the average tax rate rises with income. Consider an income tax schedule: $T=p+tY$, where $T$ denotes the tax liability, $p$ is a constant, $t$ is the constant marginal tax rate, and $Y$ is the income. For this tax schedule to be progressive, the value of $p$

Liquidity Adjustment Facility (LAF) uses the following instruments:

Suppose an econometrician had specified the following regression:
\[ y_t = \beta_1 + \beta_2 z_2t + \beta_3 z_3t + \beta_4 z_4t + \epsilon_t \] but a researcher estimated the following regression:
\[ y_t = \beta_1 + \beta_2 z_2t + \beta_3 z_3t + \beta_4 z_4t + \beta_5 z_5t + \epsilon_t \] What will be the consequence of including the irrelevant variable on the estimated coefficients?

IndiaSMart is a retail shop that accepts either a Rupay credit card, or a Visa credit card. 31 percent of IndiaSMart’s customers carry a Rupay credit card, 44 percent of its customers carry a Visa credit card, while 18 percent of its customers carry a Rupay credit card as well as a Visa credit card. What is the probability that a customer carries at least one of the two, i.e. either a Rupay or a Visa credit card?

What is the user cost of capital for a firm when the rate of depreciation of machine is 20% and the cost of financial capital is 15%?

Which of the following committees was set-up to address issues related to capital account convertibility in India?