List of top Questions asked in GATE XH-C1- 2024

Defend or refute the following statements with valid arguments:
"The policy of protectionism encouraged the growth of domestic industries, but at the same time proved to be an impediment."

The Minimum Support Prices in India are notified based on the recommendations of which one among the following Commissions ?

In the Keynesian closed economy IS-LM model, where interest rate is plotted along the vertical axis and output is plotted along the horizontal axis, the product market schedule will be

In the Keynesian system, the speculative demand for money arises because of

Which of the following statements is/are TRUE ?

Consider 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 rate per hour. If \(a=\frac{1}{2}\) then the corresponding labour supply (in hours) is _______( in integer).

A 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 available in the economy of which O_MLS_M is the labour supply in the manufacturing sector before any migration was allowed among the labourers. The vertical axis in the left (right) side measures the wage in the manufacturing, W_M (agricultural, W_A) sector. LD_M (LD_A) is the demand of labour in the manufacturing (agricultural) sector with respect to O_M(O_A) as the origin. If wages are flexible, and labour is allowed to migrate between these two sectors, then it will be TRUE that

An 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, its payoff is 1, while I's payoff is 2. If C enters, and I accommodates, their payoffs are 2 and 1, respectively. However, if C's entry is met with a fight by I, their payoffs are 0 and 1, respectively. Which one of the following is a subgame perfect Nash equilibrium (SPNE) under perfect information ?

Which of the following statements is/are FALSE ?

Suppose 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 outstanding, and the replacement cost of the firm's real assets is Rs. 1,25,000. XYZ Corp.'s value of Tobin's q is _______ (in integer).

An 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 the output levels of firm 1 and firm 2, respectively. The individual firm's cost functions are TC₁ = 4q₁ and TC₂ = 4q₂, where TC₁ and TC₂ are total costs of firm 1 and 2, respectively. If firm 2 is a Stackelberg Leader, and firm 1 is a Follower, then the profit of the Stackelberg Leader will be ________ (rounded off to two decimal places).

In an economy, the effort level of a worker in firm i is denoted by e; and depends on the wage W_i received by the worker from the firm, and the minimum wage Wo is set by the government. The effort function is given by
\(e_i(W_iW_0)=\sqrt{W_i-W_0}\)
If the firm employs N_i unit of workers, then the efficiency unit of labour employed by the firm is e_iN_i. The production is based on only the efficiency unit of labour, and the production function is given by
\(F(e_iN_i) = \log e (e_iN_i)\)
If the minimum wage set by the government is 10, and the profit maximizing firms sell the good in a competitive market at price P by choosing W_i and N_¡, then the profit maximizing wage set by the firm will be _______ (rounded off to one decimal place).

Consider an industry with six firms. An analyst collated the data for this industry as given below. The Herfindahl-Hirschman Index (HHI) for this industry will be ________ (in integer).

Firm	Market Share
F1	30%
F2	20%
F3	15%
F4	15%
F5	10%
F6	10%

Amma's tone in the context of the given passage is that of :
For Amma, the difference between men and women was a kind of discrimination and inequality; she felt strongly about women's rights but was not familiar with concepts like gender and patriarchy. She would have dismissed Betty Friedan because she was predominantly dealing with the problems of white middle-class women in the United States. Amma, and women of her generation, could de-link the oppression of women from the wider struggle for the liberation of human beings from class exploitation and imperialism. So Amma continued to play her role as mother and wife, but would often complain: 'I am a doormat on which everyone wipes their emotional dirt off".

Fill in the blanks by choosing the correct sequence for the following passage:
I am wearing for the first time some (i)_____ that I have never been able to wear for long at a time, as they are horribly tight. I usually put them on just before giving a lecture. The painful pressure they exert on my feet goads my oratorical capacities to their utmost. This sharp and overwhelming pain makes me sing like a nightingale or like one of those Neapolitan singers who also wear (ii)_______ that are too tight. The visceral physical longing, the overwhelming torture provoked by my (iii)_______ forces me to extract from words distilled and sublime truths, generalized by the supreme inquisition of the pain my (iv)_______ suffer.

The appropriate synonym for the word ‘ignite' in the following passage will be :
Spirituality must be integrated with education. Self-realization is the focus. Each one of us must become aware of our higher self. We are links of a great past to a grand future. We should ignite our dormant inner energy and let it guide our lives. The radiance of such minds embarked on constructive endeavor will bring peace, prosperity and bliss to this nation.

Which of the following sentences is punctuated correctly ?

Fill in the blanks with the correct combination of tenses for the given sentence :
Darwin's work (i)_______ a related effect that (ii) ________ influenced the development of environmental politics - a 'decentering' of the human being.

Which of the following options holds similar relationship as the words, 'Music: Notes' ?

In a particular code, if "RAMAN" is written as 52 and "MAP" is written as 33, then how will you code “CLICK" ?

On the basis of the statements given below, which valid assumption(s) can be made ?
Statements :
Life has suffering
Desire is the cause of suffering
The end of desire is the end of suffering
Desire can be reduced by following the noble eightfold path
Assumptions :
1. Suffering is because of wants
2. Life is not always full of suffering
3. The eightfold path can reduce suffering
4. Suffering is caused by life

If 'KARAMCHAND' is coded as 'ICPCKEFCLF' what should be the code of 'CREATION' ?

Given an input line of numbers and words, a machine rearranges them following particular rule in each step. Here is an illustration of an input and rearrangement sequence (Step 1 to Step 5) :
Input: 61 wb ob 48 45 29 34 sb pb lb
Step 1: lb wb ob 48 45 29 34 sb pb 61
Step 2: lb ob wb 45 29 34 sb pb 61 48
Step 3: lb ob pb wb 29 34 sb 61 48 45
Step 4: lb ob pb sb wb 29 61 48 45 34
Step 5: lb ob pb sb wb 61 48 45 34 29
Step 5 is the last step of the above arrangement.
Based on the rules followed in the above steps, answer the following question :
Input: cb kb eb 58 49 23 38 jb nb gb 69 82
Which of the following represents the position of 58 in the fourth step? (Step-5 is the last step of the arrangement.)