Mathematical Economics And Econometrics Set 2
On This Page
This set of Mathematical Economics and Econometrics Multiple Choice Questions & Answers (MCQs) focuses on Mathematical Economics And Econometrics Set 2
Q1 | if all factors of production are increased in a given proportion, outputalso increased in a same proportion:
- second degree
- first degree
- third degree
- none
Q2 | The amount of a productive factor that is essential to produce a unit ofproduct is called:
- technical coefficient
- fixed proportion
- variable proportion
- none
Q3 | The ratio of the factors (K/L):
- apk
- apl
- mpl
- mpk
Q4 | Marginal rate of substitution between factors is equal to the ratio of :
- mpx/mpy
- mpl/mpk
- mrsxy/mrs
- none
Q5 | The elasticity of substitution under cob- Douglas function:
- 2
- 1
- 3
Q6 | If ∝ + = 1 is related to:
- constant
- increase
- decrease
- none
Q7 | The percentage change in output caused by a given percentage changein a variable factor is:
- output elasticity
- income elasticity
- price elasticity
- none
Q8 | If output is exhausted by the distributive shares of all factors:
- euler theorem
- output elasticity
- labour share
- none
Q9 | Who is invented the linear programming technique:
- h. thail
- george b danzig
- galton
- karl pearson
Q10 | Those which meet or satisfy the constraints of the problem:
- technical
- objective
- feasible
- optimum
Q11 | one of the assumptions of LPP:
- linearity
- elasticity
- equilibrium
- none
Q12 | One of the applications of LPP:
- objectivity
- diet problem
- constraint
- none
Q13 | The term ‘econometrics’ was coined by:
- marsahll
- pawel
- ragner frisch
- clompa
Q14 | Error term serves the purpose of…………………….. assumption ineconomics:
- dynamic
- static
- comparative
- none of the above
Q15 | Econometrics model is ………….model.
- exogenous
- endogenous
- identified
- either exogenous or endogenous
Q16 | The starting point of econometric analysis is:
- model specification
- formulation of alternative hypothesis
- formulation of null hypothesis
- collection of data
Q17 | Regressor refers to:
- independent variable
- dependent variable
- error term
- dummy variable
Q18 | In perfect linear model, we assume that regression coefficientremains………..
- variable until some point
- variable through out
- constant to some point
- constant through out
Q19 | In econometric models, t+1 indicates:
- net addition
- current value with some fluctuations
- expected value
- none of these
Q20 | Quota sample is………………….sample.
- probability sample
- non probability sample
- convenient sample
- judgment sample
Q21 | When a north Indian town data and south Indian data are totaled, itleads to the problem of -------------aggregation.
- national
- regional
- spatial
- heterogeneous
Q22 | In an econometric model, Y = ∞ + βX, ∞ shows,
- intercept of the equation
- slope of the equation
- average value of y for average value of x
- rate of change
Q23 | Error term indicates
- fluctuations in the given data
- variations
- random variations
- explained variation
Q24 | Among the following, which is an assumption of OLS
- the explanatory variables are measurable
- the relationship being estimated is identified
- error term and independent variables are related
- error term and independent variables are linearly related
Q25 | Linearity means
- the ols estimates are linear function of random variable
- the ols estimates are function of variable
- the ols estimates are function of random variable
- the ols estimates has minimum variance