Question 1

The percentage change in output caused by a given percentage change in a variable factor is:

Accepted Answer

A)  output elasticity
B)  income elasticity
C)  price elasticity
D)  none A

Question 2

The starting point of econometric analysis is:

Accepted Answer

A)  model specification
B)  formulation of alternative hypothesis
C)  formulation of null hypothesis
D)  collection of data C

Question 3

Marginal rate of substitution between factors is equal to the ratio of :

Accepted Answer

A)  mpx/mpy
B)  mpl/mpk
C)  mrsxy/mrs
D)  none B

Question 4

Quota sample is………………….sample.

Accepted Answer

A)  probability sample
B)  non probability sample
C)  convenient sample
D)  judgment sample

Question 5

The amount of a productive factor that is essential to produce a unit of product is called:

Accepted Answer

A)  technical coefficient
B)  fixed proportion
C)  variable proportion
D)  none

Question 6

The term 'econometrics' was coined by:

Accepted Answer

A)  marsahll
B)  pawel
C)  ragner frisch
D)  clompa

Question 7

Among the following, which is an assumption of OLS

Accepted Answer

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

Question 8

The elasticity of substitution under cob- Douglas function:

Accepted Answer

A)  2
B)  1
C)  0
D)  3

Question 9

Econometrics model is ………….model.

Accepted Answer

A)  exogenous
B)  endogenous
C)  identified
D)  either exogenous or endogenous

Question 10

If $\propto$ + = 1 is related to:

Accepted Answer

A)  constant
B)  increase
C)  decrease
D)  none

Question 11

If output is exhausted by the distributive shares of all factors:

Accepted Answer

A)  euler theorem
B)  output elasticity
C)  labour share
D)  none

Question 12

Linearity means

Accepted Answer

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

Question 13

In an econometric model, Y =$\infty$ + $\beta$X, $\infty$ shows,

Accepted Answer

A)  intercept of the equation
B)  slope of the equation
C)  average value of y for average value of x
D)  rate of change

Question 14

When a north Indian town data and south Indian data are totaled, it leads to the problem of -------------aggregation.

Accepted Answer

A)  national
B)  regional
C)  spatial
D)  heterogeneous

Question 15

In perfect linear model, we assume that regression coefficient remains………..

Accepted Answer

A)  variable until some point
B)  variable through out
C)  constant to some point
D)  constant through out

Question 16

Those which meet or satisfy the constraints of the problem:

Accepted Answer

A)  technical
B)  objective
C)  feasible
D)  optimum

Question 17

Error term serves the purpose of…………………….. assumption in economics:

Accepted Answer

A)  dynamic
B)  static
C)  comparative
D)  none of the above

Question 18

Student t test is preferred in the case of a,

Accepted Answer

A)  small sample
B)  large sample
C)  when sample is below 50
D)  when sample is above 50

Question 19

Cobb Douglas production function is an example of :

Accepted Answer

A)  linear model
B)  double log model
C)  lin log model
D)  log lin model

Question 20

if all factors of production are increased in a given proportion, output also increased in a same proportion:

Accepted Answer

A)  second degree
B)  first degree
C)  third degree
D)  none

Exam 2: Econometrics and Factors of Production

The percentage change in output caused by a given percentage change in a variable factor is:

The starting point of econometric analysis is:

Marginal rate of substitution between factors is equal to the ratio of :

Quota sample is………………….sample.

The amount of a productive factor that is essential to produce a unit of product is called:

The term 'econometrics' was coined by:

Among the following, which is an assumption of OLS

The elasticity of substitution under cob- Douglas function:

Econometrics model is ………….model.

If $\propto$ + = 1 is related to:

If output is exhausted by the distributive shares of all factors:

Linearity means

In an econometric model, Y = $\infty$ + $\beta$ X, $\infty$ shows,

When a north Indian town data and south Indian data are totaled, it leads to the problem of -------------aggregation.

In perfect linear model, we assume that regression coefficient remains………..

Those which meet or satisfy the constraints of the problem:

Error term serves the purpose of…………………….. assumption in economics:

Student t test is preferred in the case of a,

Cobb Douglas production function is an example of :

if all factors of production are increased in a given proportion, output also increased in a same proportion:

Exam 2: Econometrics and Factors of Production

The percentage change in output caused by a given percentage change in a variable factor is:

The starting point of econometric analysis is:

Marginal rate of substitution between factors is equal to the ratio of :

Quota sample is………………….sample.

The amount of a productive factor that is essential to produce a unit of product is called:

The term 'econometrics' was coined by:

Among the following, which is an assumption of OLS

The elasticity of substitution under cob- Douglas function:

Econometrics model is ………….model.

If ∝\propto∝ + = 1 is related to:

If output is exhausted by the distributive shares of all factors:

Linearity means

In an econometric model, Y = ∞\infty∞ + β\betaβ X, ∞\infty∞ shows,

When a north Indian town data and south Indian data are totaled, it leads to the problem of -------------aggregation.

In perfect linear model, we assume that regression coefficient remains………..

Those which meet or satisfy the constraints of the problem:

Error term serves the purpose of…………………….. assumption in economics:

Student t test is preferred in the case of a,

Cobb Douglas production function is an example of :

if all factors of production are increased in a given proportion, output also increased in a same proportion:

If $\propto$ + = 1 is related to:

In an econometric model, Y = $\infty$ + $\beta$ X, $\infty$ shows,