41.
The
value of Marginal propensity to consume is

(A)
>1

(B)
between 0 and 1

(C)
between 1 and 2

(D)
none of the above

Answer: B

42.
Which
of the following schools of thought follow adaptive expectations?

(A)
New Classical

(B)
Real Business Cycle

(C)
New Keynesian

(D)
Orthodox Monetarist

Answer: D

43.
Insider
outsider model explains

(A)
Insider trading

(B)
Internal and external trade

(C)
Wage rigidity

(D)
Interest elasticity of investment

Answer: C

44.
Classical
economists believed in

(A)
Market clearing

(B)
Says law of markets

(C)
Neutrality of money

(D)
All of the above

Answer: D

45.
The
concept of Natural Rate of unemployment is primarily associated with

(A)
Milton Friedman

(B)
George Akerlof

(C)
Bohm Baverk

(D)
Mises-Hayek

Answer: A

46.
In
the region of liquidity trap the interest elasticity of money is

(A)
0

(B)
very low

(C)
very high

(D)
none of the above

Answer: C

47.
Phillips
curve shows the relation between

(A)
tax rate and total revenue

(B)
inflation and unemployment

(C)
interest rate and investment

(D)
income and consumption

Answer: B

48.
Which
of the following schools believe that forces determining trend growth in an
economy are not different from those causing fluctuations so that they consider
analysis of growth inseparable from analysis of fluctuations in economic
activity?

(A)
Real business cycle

(B)
Keynesian

(C)
Monetarist

(D)
All of the above

Answer: A

49.
Post
Keynesians believe that Fluctuations in economic activity arise due to

(A)
Demand side factors

(B)
Supply side factors

(C)
Both demand and supply side factors

(D)
None of the above

Answer: C

50.
Relative
income hypothesis is primarily associated with

(A)
Milton Friedman

(B)
J.S. Duesenberry

(C)
F. Modigliani

(D)
M.J. Farrel

Answer: B

51.
Two
unbiased dies are tossed simultaneously, what is the probability that the sum
of the outcomes would be eleven

(A)
1/4

(B)
1/18

(C)
1/36

(D)
1/6

Answer: B

52.
The
value of second order differential of (Total Revenue - Total Cost) a profit
maximiser will be

(A)
zero

(B)
positive

(C)
negative

(D)
not defined

Answer: C

53.
The
difference between collected data and actual value is called

(A)
random error

(B)
statistical error

(C)
sampling error

(D)
both (B) and (C)

Answer: D

54.
Which
of the following is known as parametric test?

(A)
F-test

(B)
Z-test

(C)
t-test

(D)
All the above

Answer: D

55.
Inverse
probability is also known as

(A)
Bayesian probability

(B)
Neyman probability

(C)
Egon probability

(D)
Poisson probability

Answer: A

56.
In
a college 60% of the students play football, 50% of the students play
basketball, 30% of the students play both football and basketball. Find the
probability that students play neither of the sports

(A)
80

(B)
0.90

(C)
0.50

(D)
0.20

Answer: D

57.
In
a regression involving time series data with successive observations showing
interdependency, i.e. `"E (U_iU_j)" !=0` this is popularly known as

(A)
Linear correlation

(B)
Auto correlation

(C)
Non-linearcorrelation

(D)
Multicollinearity

Answer: B

58.
In
economic analysis when dependent variables are essentially qualitative we make
use of

(A)
Spearman Co-efficient

(B)
Quality variables

(C)
Dummy variables

(D)
Estimator

Answer: C

59.
Accepting
a hypothesis which is false is called

(A)
Type I Error

(B)
Type II Error

(C)
Absolute error

(D)
More information required

Answer: B

60.
In
matrix, inverse is defined only in case of

(A)
Singular matrix

(B)
Non-singular matrix

(C)
Row matrix

(D)
Plural matrix

Answer: B

Many Thanks

ReplyDelete