Top 150+ Solved Mathematical Economics MCQ Questions Answer
Q. The lin log model and log lin model are ............. in parameters.
a. non linear
b. linear
c. functional
d. dependent
Q. r2 in intercept less model is.... .............. negative.
a. always
b. sometimes
c. never
d. cannot say
Q. ....................... is a growth model.
a. alinear trend model
b. lin log model
c. log lin model
d. none of the above
Q. Econometrics is concerned with
a. empirical support to economic theory
b. quantitative analysis of economic data
c. use of tools of mathematics and statistical inference
d. all of the above
Q. Which of the following is the combination of economic theory, mathematical economics andeconomic statistics
a. econometrics
b. statistics
c. mathematics
d. quantitative economics
Q. The first step in traditional econometric methodology is
a. statement of theory
b. forecasting
c. obtaining data
d. estimation of the model
Q. Which of the following discipline express the economic theory in mathematical form
a. econometrics
b. statistics
c. mathematics
d. mathematical economics
Q. Keynes postulated ----- relationship between income and consumption
a. negative
b. positive
c. non linear
d. infinite
Q. if the model has only one equation, the model is called
a. single equation model
b. multiple equation model
c. variable equation model
d. none of the above
Q. if the model has more than one equation, the model is called
a. single equation model
b. multiple equation model
c. variable equation model
d. none of the above
Q. the variable appearing on the left side of the equality sign is called
a. dependent variable
b. independent variable
c. explanatory variable
d. none of the above
Q. In conventional model r2 is .............. negative.
a. always
b. sometimes
c. never
d. cannot say
Q. the variable appearing on the right side of the equality sign is called
a. independent variable
b. explanatory variable
c. all of the above
d. none of the above
Q. independent variables are also known as
a. explanatory variables
b. dependent variable
c. implicit variable
d. static variable
Q. which is the explanatory variable in the Keynesian consumption function
a. income
b. consumption
c. price
d. output