MCQ set 1
Mock questions
Consider the following statements:
1.The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2.Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3.Treasury bills offer are issued at a discount from the par value. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 3 Only
(c) 2 and 3 only
(d) 1, 2 and 3
Which one of the following is not the characteristics of Normal Distribution
A. Bell shaped and symmetric
B. X = M = Z_
C. The total area under the curve for the normal probability distribution is one
D. The two tails of the distribution in the direction touches the horizontal axis
Which of the following are plausible approaches to dealing with a model that exhibits heteroscedasticity?
i) Take logarithms of each of the variables
ii) Use suitably modified standard errors
iii) Use a generalised least squares procedure
iv) Add lagged values of the variables to the regression equation.
a) (ii) and (iv) only
b) (i) and (iii) only
c) (i), (ii), and (iii) only
d) (i), (ii), (iii), and (iv)
What would be then consequences for the OLS estimator if heteroscedasticity is present in a regression model but ignored?
a)
It will be biased
b)
It will be inconsistent
c) It will be inefficient
d)
All of (a), (b) and (c) will be true.
What will be the properties of the OLS estimator in the presence of multicollinearity?
a) It will be consistent, unbiased and efficient
b) It will be consistent and unbiased but not efficient
c) It will be consistent but not unbiased
d) It will not be consistent
Which of the following statements is correct?
A) The market demand and the firm's demand are the same for a monopoly.
B) Monopolies have perfectly inelastic demand for the product sold.
C) Monopolies are guaranteed to earn an economic profit.
D) All of the above are correct.
The observation that trade as an engine of growth was made by
Ricardo
Adam Smith
H.Robertson
Haberler
Which of the following is not a component of “Human development index”.
Life expectancy.
Per capita income.
Infant mortality rate.
Literacy rate.
In case of perfect equality value of Ginni Coefficient will be.
0
1
2
4
Concept of Rolling plan given by
De-Gule
Gunar Myrdal
P.C.Mahalanobies
R.Prebrisch.
The book ‘Affluent Society’ written by
Gunar Myrdal
Raul Prebrisch.
J.K.Galbraith.
Karl Marx
Concept of Hindu rate of growth related with
K.N.Raj
Amritya Sen
Dr. Manmohan Singh
None.
Golden Rule of Accumulation
Arrow
Romar
Lucas
Admund Phelps
In Solow model of growth Exogenous variable is
Labour
Technology
Land
All of the above.
Balance growth rate is not related with
Nurkse.
Lewis
Rodan
Hirschman
Who gave ‘Low level equilibrium trap theory’.
H.Leibenstein.
Nurkse
Lewis.
Nelson
Big Push theory is related with
Balance growth.
Unbalance growth theory.
both A & B
None
‘Concealed saving potential’ related with
Nurkse
Rodan
Nelson
H.Lebienstein
Backward and forward linkage effect related with
Hirschman
Nurkse
Rodan
Lewis
concept of Financial dualism is related with
Geertz
Benjamin Higgins.
Myint
Singer.
Concept of ‘Technological Dualism’ given by
Boeke social
Myint
Singer
Benjamin Higgins.
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