Question:

In perfect linear model, we assume that regression coefficientremains………..

A.

variable until some point

B.

variable through out

C.

constant to some point

D.

constant through out

Answer» d. constant through out

Question:

MPS + MPC =?

A.

2

B.

0

C.

1

D.

3

Answer» c. 1

Question:

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

A.

second degree

B.

first degree

C.

third degree

D.

none

Answer» b. first degree

Question:

The elasticity of substitution under cob- Douglas function:

A.

2

B.

1

D.

3

Answer» b. 1

Question:

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

A.

national

B.

regional

C.

spatial

D.

heterogeneous

Answer» c. spatial

Question:

The relationship between the price of the commodity and quantity of thecommodity demanded :

A.

supply

B.

demand

C.

elasticity

D.

none

Answer» b. demand

Question:

The relationship between quantity demanded of a good and level ofconsumer’s income:

A.

engel function

B.

consumption function

C.

saving function

D.

none

Answer» a. engel function

Question:

One of the applications of LPP:

A.

objectivity

B.

diet problem

C.

constraint

D.

none

Answer» b. diet problem

Question:

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

A.

technical coefficient

B.

fixed proportion

C.

variable proportion

D.

none

Answer» a. technical coefficient

Question:

The relation of Price and quantity demanded:

A.

negative

B.

positive

C.

no relation

D.

none

Answer» b. positive