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This set of Mathematical Economics Multiple Choice Questions & Answers (MCQs) focuses on Mathematical Economics Set 2

Q1 | a mathematical model assumes----- relationship between variables
  • inexact
  • exact
  • probable
  • none of the above
Q2 | a function that can be represented as straight line graphically is
  • non linear
  • linear
  • polynomial
  • quadratic
Q3 | in the function Y=β1+β2X+u, the term ‘u’ is called
  • disturbance term
  • intercept
  • slope
  • dependent term
Q4 | A model in which regressand is logarithmic is called...............
  • regression through the origin
  • lin log model
  • log lin model
  • clrm
Q5 | the function Y=β1+β2X+u is an example of
  • linear regression model
  • econometric model
  • all of the above
  • none of the above
Q6 | confirmation or refutation of economic theories on the basis of sample evidence is based onthe branch of statistical theory called
  • statistical inference
  • standard deviation
  • arithmetic mean
  • regression analysis
Q7 | the term regression was first introduced by
  • irwing fisher
  • laspayer
  • francis galton
  • pearson
Q8 | Reciprocal and log lin models are ............. in variables.
  • non linear
  • linear
  • functional
  • dependent
Q9 | the function Y=β1+β2X+u is an example of
  • non linear regression model
  • linear regression model
  • quadratic regression model
  • none of the above
Q10 | In the Keynesian linear consumption function Y=β1+β2X, the independent variable is
  • β1
  • . x
  • y
  • β2
Q11 | Statistical relationships assumes that variables are
  • random
  • stochastic
  • all of the above
  • none of the above
Q12 | A statistical relationship per say cannot logically imply
  • regression
  • causation
  • error
  • random
Q13 | The measure that analyses the degree of linear association between two variables is called
  • correlation coefficient
  • regression coefficient
  • significance level
  • testing of hypothesis
Q14 | In the Keynesian linear consumption function Y=β1+β2X, X represents
  • income
  • consumption expenditure
  • output
  • price
Q15 | Correlation analysis is concerned with
  • prediction of future value
  • prediction of average value
  • degree of association among variables
  • testing of hypothesis
Q16 | Correlation theory is based on the assumption of
  • randomness of variables
  • conditional mean
  • random errors
  • specification
Q17 | The correlation coefficient between the mathematics and economics was found to be 0.64.What will be the value of correlation coefficient between economics and mathematics
  • 0.32
  • -0.64
  • 0.64
  • 1.28
Q18 | the law of universal regression was first introduced by
  • irwing fisher
  • laspayer
  • francis galton
  • pearson
Q19 | In ------ analysis there is no distinction between dependent and explanatory variables
  • regression
  • correlation
  • hypothesis testing
  • estimation
Q20 | If we are studying the dependence of a variable on a single explanatory variable, the analysisis called
  • two variable regression analysis
  • multiple regression analysis
  • single regression analysis
  • none of the above
Q21 | If we are studying the dependence of a variable on more than one explanatory variable, theanalysis is called
  • two variable regression analysis
  • multiple regression analysis
  • single regression analysis
  • none of the above
Q22 | The term “random” is synonym for the term
  • stochastic
  • variable
  • error
  • regression
Q23 | If the data is collected at one point in time, it is called
  • time series data
  • cross section data
  • pooled data
  • none of the above
Q24 | If the data is collected over a period of time, it is called
  • time series data
  • cross section data
  • pooled data
  • none of the above
Q25 | The combination of time series and cross sectional data is known as
  • pooled data
  • panel data
  • longitudinal data
  • none of the above