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 |

Tags

Question and answers in
Mathematical Economics and Econometrics,
Mathematical Economics and Econometrics
multiple choice questions and answers,
Mathematical Economics and Econometrics
Important MCQs,
Solved MCQs for
Mathematical Economics and Econometrics,
Mathematical Economics and Econometrics
MCQs with answers PDF download