McqMate

35

29.6k

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 |

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