Mathematical Tools for Economics 1 Solved MCQs

1.

Suppose there is a Set S, which is the largest possible subset of S

A. s1
B. s
C.
D. none of these
Answer» B. s
2.

Suppose there is a set S, which is the smallest possible subset of S

A. s1
B. s
C.
D. none of these
Answer» C. ∅
3.

If a set has n elements, the total number of subsets will be

A. 2n
B. 2n
C. 2/n
D. none of these
Answer» A. 2n
4.

If a set S1 has n elements and S2 has m elements, how many ordered pairs can form in general?

A. m x n
B. m + n
C. m/n
D. none of these:
Answer» A. m x n
5.

2 24.……………. is known as a signed minor

A. rank
B. cofactor
C. inverse
D. none
Answer» C. inverse
6.

A set which contains only one element is called

A. singleton set
B. finite set
C. proper set
D. none of these
Answer» A. singleton set
7.

If all the sets under consideration are subsets of a fixed set say ∪, then this set ∪ is called

A. universal set
B. power set
C. disjoint set
D. finite set
Answer» A. universal set
8.

Two sets A and B are said to be …………………. sets if no element of A is in B and no element of B is in A.

A. universal
B. disjoint
C. equivalent
D. none of these
Answer» B. disjoint
9.

A matrix with equal number of rows and columns is called:

A. row matrix
B. column matrix
C. square matrix
D. none
Answer» C. square matrix
10.

A square matrix in which all elements except those in diagonal are zero are called:

A. diagonal matrix
B. identity matrix
C. null matrix
D. none
Answer» A. diagonal matrix
11.

A diagonal matrix with all its diagonal elements equal to 1 is known as:

A. triangular matrix
B. zero matrix
C. identity matrix
D. none
Answer» C. identity matrix
12.

A matrix in which every element is zero is called

A. scalar matrix
B. null matrix
C. square matrix
D. inverse matrix
Answer» B. null matrix
13.

Matrix obtained by inter changing the rows and columns is called ………… of a matrix

A. inverse
B. transpose
C. negative
D. none
Answer» B. transpose
14.

The matrix A is idempotent if:

A. a2 = a
B. a = at
C. a2 = at
D. none
Answer» A. a2 = a
15.

If A and B are square matrices such that AB = BA, then A and B are called…………..

A. additive
B. multiplicative
C. divisive
D. commutative
Answer» D. commutative
16.

If =1 23 −4 =0 −67 8, then A+B is equal to

A. 1 −410 4
B. 7 9 −3 −4
C. 3 −36 7
D. none
Answer» A. 1 −410 4
17.

If = [1 0 6] = [5 4 3], A+B is:

A. [19]
B. [6 0 9]
C. [6 4 9]
D. none
Answer» C. [6 4 9]
18.

If A is a 3 × 2 matrix, B is a 2 × 3 matrix, C is a 2 × 2 matrix and D is a 3 × 3 matrix, then which of the following products does not exist?

A. ab
B. ac
C. bd
D. cd
Answer» D. cd
19.

The determinant of matrix =4 6 3 8 is:

A. 14
B. 7
C. -1
D. 3
Answer» A. 14
20.

If all the elements of any row or column are zero, the determinant is zero.

A. unity
B. positive
C. negative
D. zero
Answer» D. zero
21.

The determinant that results when the row and column in which that element lies are deleted is called:

A. cofactor
B. minor
C. inverse
D. none
Answer» B. minor
22.

An adjoint matrix is the ……………… of the cofactor matrix.

A. inverse
B. minor
C. cofactor
D. transpose
Answer» B. minor
23.

Inverse of A is denoted as

A. a−1
B. at
C. at
D. ai
Answer» A. a−1
24.

If the rows and columns of a determinant are interchanged, its value will:

A. change
B. change sign
C. not change
D. become zero
Answer» C. not change
25.

If a set consists of a specific number of different elements, it is called

A. infinite set
B. finite set
C. unit set
D. null set
Answer» B. finite set
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