McqMate
1. |
The measurement of economic data: |
A. | mathematical |
B. | econometrics |
C. | business |
D. | statistics |
Answer» B. econometrics |
2. |
An identity between two alternative: |
A. | behavioral |
B. | definitional |
C. | conditional |
D. | none |
Answer» B. definitional |
3. |
The relationship between the price of the commodity and quantity of the commodity demanded : |
A. | supply |
B. | demand |
C. | elasticity |
D. | none |
Answer» B. demand |
4. |
The relation of Price and quantity demanded: |
A. | negative |
B. | positive |
C. | no relation |
D. | none |
Answer» B. positive |
5. |
The relationship between the price of the commodity and quantity of the commodity supplied: |
A. | demand |
B. | equilibrium |
C. | supply |
D. | none |
Answer» C. supply |
6. |
The wants satisfying power of a commodity: |
A. | consumption |
B. | saving |
C. | utility |
D. | interest |
Answer» C. utility |
7. |
Consumption function is given C = 35 + .4 Yd , find MPC: |
A. | .4 |
B. | .6 |
C. | .8 |
D. | .7 |
Answer» A. .4 |
8. |
The relationship between income and consumption: |
A. | consumption |
B. | saving |
C. | investment |
D. | none |
Answer» A. consumption |
9. |
The transformation of physical inputs in to physical outputs: |
A. | production |
B. | consumption |
C. | distribution |
D. | investment |
Answer» A. production |
10. |
The difference between total revenue and the total Cost: |
A. | cost |
B. | income |
C. | profit |
D. | revenue |
Answer» C. profit |
11. |
MPS + MPC =? |
A. | 2 |
B. | 0 |
C. | 1 |
D. | 3 |
Answer» C. 1 |
12. |
The difference between the present level of income and the past level of income: |
A. | saving |
B. | consumption |
C. | investment |
D. | none |
Answer» C. investment |
13. |
The first derivative of the consumption function is: |
A. | marginal revenue |
B. | marginal cost |
C. | marginal propensity to consume |
D. | none |
Answer» C. marginal propensity to consume |
14. |
Revenue function TR = 22x²+14, find Marginal revenue? |
A. | 44x |
B. | 40x |
C. | 22x |
D. | 54x |
Answer» A. 44x |
15. |
The addition to total cost: |
A. | mc |
B. | ac |
C. | tc |
D. | none |
Answer» A. mc |
16. |
The proportionate change in quantity demanded and the proportionate change in price is: |
A. | price elasticity |
B. | income elasticity |
C. | cross elasticity |
D. | none |
Answer» A. price elasticity |
17. |
MRSxy is equal to: |
A. | mux/muy |
B. | mpx/mpy |
C. | mrts |
D. | none |
Answer» A. mux/muy |
18. |
Marginal rate of technical substitution is equal to: |
A. | mux/muy |
B. | mpl/mpk |
C. | mrsxy/mrs |
D. | mrx/mry |
Answer» B. mpl/mpk |
19. |
The ratio of the proportionate change in the quantity purchased of a good to the proportionate change in income: |
A. | price elasticity |
B. | income elasticity |
C. | cross elasticity |
D. | none |
Answer» B. income elasticity |
20. |
An increase in income lead to the increase in quantity demanded of the good: |
A. | negative good |
B. | positive good |
C. | superior good |
D. | normal good |
Answer» C. superior good |
21. |
The relationship between quantity demanded of a good and level of consumer’s income: |
A. | engel function |
B. | consumption function |
C. | saving function |
D. | none |
Answer» A. engel function |
22. |
The proportionate change in quantity demanded by a good due to proportionate change in the price of the other good: |
A. | price elasticity |
B. | income elasticity |
C. | cross elasticity |
D. | demand elasticity |
Answer» C. cross elasticity |
23. |
Given the utility function U = 5x²+12x, find Marginal utility: |
A. | 5+12 |
B. | 10x+12 |
C. | 12x 10 |
D. | 10x +12x |
Answer» B. 10x+12 |
24. |
The first order derivative of Total Utility: |
A. | mu |
B. | tu |
C. | au |
D. | none |
Answer» A. mu |
25. |
The transformation of physical inputs in to outputs: |
A. | production function |
B. | consumption function |
C. | saving function |
D. | none |
Answer» A. production function |
26. |
if all factors of production are increased in a given proportion, output also increased in a same proportion: |
A. | second degree |
B. | first degree |
C. | third degree |
D. | none |
Answer» B. first degree |
27. |
The amount of a productive factor that is essential to produce a unit of product is called: |
A. | technical coefficient |
B. | fixed proportion |
C. | variable proportion |
D. | none |
Answer» A. technical coefficient |
28. |
The ratio of the factors (K/L): |
A. | apk |
B. | apl |
C. | mpl |
D. | mpk |
Answer» B. apl |
29. |
Marginal rate of substitution between factors is equal to the ratio of : |
A. | mpx/mpy |
B. | mpl/mpk |
C. | mrsxy/mrs |
D. | none |
Answer» B. mpl/mpk |
30. |
The elasticity of substitution under cob- Douglas function: |
A. | 2 |
B. | 1 |
C. | 0 |
D. | 3 |
Answer» B. 1 |
31. |
If ∝ + = 1 is related to: |
A. | constant |
B. | increase |
C. | decrease |
D. | none |
Answer» A. constant |
32. |
The percentage change in output caused by a given percentage change in a variable factor is: |
A. | output elasticity |
B. | income elasticity |
C. | price elasticity |
D. | none |
Answer» A. output elasticity |
33. |
If output is exhausted by the distributive shares of all factors: |
A. | euler theorem |
B. | output elasticity |
C. | labour share |
D. | none |
Answer» A. euler theorem |
34. |
Who is invented the linear programming technique: |
A. | h. thail |
B. | george b danzig |
C. | galton |
D. | karl pearson |
Answer» B. george b danzig |
35. |
Those which meet or satisfy the constraints of the problem: |
A. | technical |
B. | objective |
C. | feasible |
D. | optimum |
Answer» C. feasible |
36. |
one of the assumptions of LPP: |
A. | linearity |
B. | elasticity |
C. | equilibrium |
D. | none |
Answer» A. linearity |
37. |
One of the applications of LPP: |
A. | objectivity |
B. | diet problem |
C. | constraint |
D. | none |
Answer» B. diet problem |
38. |
The term ‘econometrics’ was coined by: |
A. | marsahll |
B. | pawel |
C. | ragner frisch |
D. | clompa |
Answer» C. ragner frisch |
39. |
Error term serves the purpose of…………………….. assumption in economics: |
A. | dynamic |
B. | static |
C. | comparative |
D. | none of the above |
Answer» D. none of the above |
40. |
Econometrics model is ………….model. |
A. | exogenous |
B. | endogenous |
C. | identified |
D. | either exogenous or endogenous |
Answer» D. either exogenous or endogenous |
41. |
The starting point of econometric analysis is: |
A. | model specification |
B. | formulation of alternative hypothesis |
C. | formulation of null hypothesis |
D. | collection of data |
Answer» C. formulation of null hypothesis |
42. |
Regressor refers to: |
A. | independent variable |
B. | dependent variable |
C. | error term |
D. | dummy variable |
Answer» A. independent variable |
43. |
In perfect linear model, we assume that regression coefficient remains……….. |
A. | variable until some point |
B. | variable through out |
C. | constant to some point |
D. | constant through out |
Answer» D. constant through out |
44. |
In econometric models, t+1 indicates: |
A. | net addition |
B. | current value with some fluctuations |
C. | expected value |
D. | none of these |
Answer» C. expected value |
45. |
Quota sample is………………….sample. |
A. | probability sample |
B. | non probability sample |
C. | convenient sample |
D. | judgment sample |
Answer» B. non probability sample |
46. |
When a north Indian town data and south Indian data are totaled, it leads to the problem of -------------aggregation. |
A. | national |
B. | regional |
C. | spatial |
D. | heterogeneous |
Answer» C. spatial |
47. |
In an econometric model, Y = ∞ + βX, ∞ shows, |
A. | intercept of the equation |
B. | slope of the equation |
C. | average value of y for average value of x |
D. | rate of change |
Answer» A. intercept of the equation |
48. |
Error term indicates |
A. | fluctuations in the given data |
B. | variations |
C. | random variations |
D. | explained variation |
Answer» C. random variations |
49. |
Among the following, which is an assumption of OLS |
A. | the explanatory variables are measurable |
B. | the relationship being estimated is identified |
C. | error term and independent variables are related |
D. | error term and independent variables are linearly related |
Answer» B. the relationship being estimated is identified |
50. |
Linearity means |
A. | the ols estimates are linear function of random variable |
B. | the ols estimates are function of variable |
C. | the ols estimates are function of random variable |
D. | the ols estimates has minimum variance |
Answer» A. the ols estimates are linear function of random variable |
51. |
The power of a statistical test is defined as, |
A. | 1-β |
B. | 1 + β |
C. | 1 |
D. | β |
Answer» A. 1-β |
52. |
Standard error is defined as, |
A. | standard deviation of the sampling distribution |
B. | standard deviation of the population |
C. | variance of the sampling distribution |
D. | variance of the population |
Answer» A. standard deviation of the sampling distribution |
53. |
Student t test is preferred in the case of a, |
A. | small sample |
B. | large sample |
C. | when sample is below 50 |
D. | when sample is above 50 |
Answer» A. small sample |
54. |
Cobb Douglas production function is an example of : |
A. | linear model |
B. | double log model |
C. | lin log model |
D. | log lin model |
Answer» B. double log model |
Done Reading?