A) 1.12
B) 1.25
C) 1
D) 0.5
Ans) B
(2) Given the demand function as p=20-2q, the average and marginal revenue at q=3 are respectively :
A) 6 and 12
B) 7 and 12
C) 8 and 14
D) 11 and 15
Ans) C
(3) Which of the following is true in the context of statistical tests of hypothesis for two variable linear regression model :
A) t² > F
B) t² < F
C) t² = F
D) t = F
Ans) C
(4) The term 'best' in the best linear unbiased estimators (BLUE) implies :
A) Maximum variance of the estimators
B) Minimum variance of the estimators
C) Average variance of the estimators
D) Unbiased variance of the estimators
Ans) B
(5) Match the following and answer from codes given below :
List-I
a) Durbin's h test b) Goldfeld-Quandt test
c) F-test d) Dicky-Fuller test
List-II
i) Heteroscedasticity ii) Overall significance of the regression
iii) Stationarity of a series iv) Auto-correlation in Auto-reggressive models
Codes :
a b c d
A) i iii iv ii
B) ii iv i iii
C) iv i ii iii
D) iii iv ii I
Ans) C
(6) The simultaneous equations system for an over-identified equation the appropriate method of estimation is :
A) Ordinary Least Squares Method
B) Indirect Least Squares Method
C) Two-stage Least Squares Method
D) Limited Information Maximum Likelihood Method
Ans) C
(7) In a multiple regression the regression coefficients are to be tested. Which test would be used ?
A) F test
B) Chi-square test
C) d test
D) t test
Ans) A
(8) In which one of the following market situations are the firms mutually interdependent in pricing and output decisions ?
A) Oligopoly
B) Monopsony
C) Monopoly
D) Monopolistic competition
Ans) A
(9) 'Value and Capital' is written by who among the following economists ?
A) Hanson
B) Philips
C) Ursula
D) J.R. Hicks
Ans)D
(10) Giffen paradox occurs when income effect is :
A) Greater than substitution effect
B) Equal to the substitution effect
C) Less than the substitution effect
D) Negative and is greater than the substitution effect
Ans) D
(11) Which one of the following curves will respond the supply curve of labour ?
A) Marginal product curve of labour
B) Marginal revenue product curve of labour
C) Value of marginal product curve of labour
D) Average product curve of labour
Ans) B
(12) Limit price refers to the :
A) Price which maximizes the profits of the firm.
B) Price which prevents entry of new firms.
C) Price at which firm just starts earning a surplus over cost.
D) Maximum price which the firm is allowed to charge.
Ans) B
(13) General Pareto Optimality exists where :
A) MRTSLK(X) = MRTSLK(Y)
B) MRTXY = MRSXY(A) = MRSXY(B)
C) MRTSXY(L) = MRTSXY(K)
D) MPL/MPK = PL/PK
Ans) B
(14) Advertisement is common in which of the following markets ?
i) Oligopoly ii) Perfect competition iii) Monopolistic competition iv) Monopoly
Choose from the codes below :
A) i) and iii)
B) ii) and iii)
C) Only i)
D) Only iii)
Ans) A
(15) Intellectual property rights regime is managed by :
A) IMF
B) WTO
C) European Union
D) SAARC
Ans) B
(16) Which of the following statements are true for a Euro currency market ? Answer from the codes below :
i) It's existence affects the effective conduct of monetary policy.
ii) It is highly regulated market.
Codes :
A) Both i) and ii) are true
B) Neither i) nor ii) is true
C) Only i) is true
D) Only ii) is true
Ans) C
(17) According to Hecksher-Ohlin theorem, a nation will export a commodity which is :
A) Intensive in it's relatively abundant factor.
B) Intensive in it's relatively cheap factor.
C) Both A) and B) are necessary.
D) Neither A) nor B) in necessary.
Ans) C
(18) Customs union always leads to :
A) Trade diversion effect alone.
B) Trade creation effect alone.
C) Both trade creation and trade diversion effects.
D) Neither trade diversion nor trade creation effect.
Ans) C
(19) Which of the following assumptions is the most important assumption in the Hecksher-Ohlin theorem of international trade ?
A) Two - factor model
B) Two commodities
C) No tariff
D) Constant tariff
And) A
(20) In dual gap model, the two gaps refer to :
A) Inflationary gap and investment gap
B) Saving gap and deflationary gap
C) Savings constraint and foreign exchange constraint
D) Investment gap and savings gap
Ans) C
0 Comments