Quantitative Methods For Economic Analysis 1 Set 7
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This set of Quantitative Methods for Economic Analysis 1 Multiple Choice Questions & Answers (MCQs) focuses on Quantitative Methods For Economic Analysis 1 Set 7
Q1 | The test of shifting the base is called
- unit test
- time reversal test
- circular test
- none of the above
Q2 | The price relative is a price index that is determined by
- (price in period t/base period price)(100)
- (base period price/price in period t)(100)
- (price in period t + base period price)(100)
- none of the above
Q3 | A composite price index based on the prices of a group of items is known as the
- laspeyres index
- paasche index
- aggregate price index
- consumer price index
Q4 | A weighted aggregate price index where the weight for each item is its base periodquantity is known as the
- paasche index
- consumer price index
- producer price index
- laspeyres index
Q5 | A monthly price index that uses the price changes in consumer goods and services formeasuring the changes in consumer prices over time is known as the
- paasche index
- consumer price index
- producer price index
- laspeyres index
Q6 | A monthly price index that measures the changes in the prices of goods sold in a primarymarket is known as the
- consumer price index
- quantity index
- index of industrial production
- producer price index
Q7 | A composite price index where the prices of the items in the composite are weighted bytheir relative importance is known as the
- price relative
- weighted aggregate price index
- consumer price index
- none of the above
Q8 | An index that is designed to measure changes in quantities over time is known as the
- time index
- quantity index
- paasche index
- change index
Q9 | A quantity index that is designed to measure changes in physical volume or productionlevels of industrial goods over time is known as the
- physical volume index
- time index
- index of industrial production and capacity utilization
- none of the above
Q10 | The term econometrics was coined by
- marsahll
- pawel
- ragnar frisch
- pareto
Q11 | Econometrics model is ___________model
- exogenous
- endogenous
- identified
- either exogenous or endogenous
Q12 | The starting point of econometric analysis is
- model specification
- formulation of alternative hypothesis
- formulation of null hypothesis
- collection of data
Q13 | Regressor refers to
- independent variable
- dependent variable
- error term
- dummy variable
Q14 | In perfect linear model, we assume that regression coefficient remains _________
- variable until some point
- variable through out
- constant to some point
- constant through out
Q15 | In econometric models, t+1 indicates,
- net addition
- current value with some fluctuations
- expected value
- none of these
Q16 | When a north Indian town data and south Indian data are totalled, it leads to the problemof _________aggregation.
- national
- regional
- spatial
- heterogeneous
Q17 | 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
Q18 | The property of average or expected value is equal to true value of the coefficient is theproperty of
- zero variance
- minimum variance
- zero mean
- minimum mean
Q19 | The power of a statistical test is defined as,
- 1−β
- 1 + β
- 1
- β
Q20 | Standard error is defined as,
- standard deviation of the sampling distribution
- standard deviation of the population
- variance of the sampling distribution
- variance of the population
Q21 | Student t test is preferred in the case of a,
- large sample
- small sample
- when sample is below 50
- when sample is above 50
Q22 | Cobb Douglas production function is an example of
- linear model
- double log model
- lin log model
- log lin model