Top 150+ Solved Quantitative Methods for Economic Analysis 1 MCQ Questions Answer
Q. A monthly price index that uses the price changes in consumer goods and services formeasuring the changes in consumer prices over time is known as the
a. paasche index
b. consumer price index
c. producer price index
d. laspeyres index
Q. A monthly price index that measures the changes in the prices of goods sold in a primarymarket is known as the
a. consumer price index
b. quantity index
c. index of industrial production
d. producer price index
Q. A composite price index where the prices of the items in the composite are weighted bytheir relative importance is known as the
a. price relative
b. weighted aggregate price index
c. consumer price index
d. none of the above
Q. An index that is designed to measure changes in quantities over time is known as the
a. time index
b. quantity index
c. paasche index
d. change index
Q. A quantity index that is designed to measure changes in physical volume or productionlevels of industrial goods over time is known as the
a. physical volume index
b. time index
c. index of industrial production and capacity utilization
d. none of the above
Q. Econometrics model is ___________model
a. exogenous
b. endogenous
c. identified
d. either exogenous or endogenous
Q. The starting point of econometric analysis is
a. model specification
b. formulation of alternative hypothesis
c. formulation of null hypothesis
d. collection of data
Q. Regressor refers to
a. independent variable
b. dependent variable
c. error term
d. dummy variable
Q. In perfect linear model, we assume that regression coefficient remains _________
a. variable until some point
b. variable through out
c. constant to some point
d. constant through out
Q. In econometric models, t+1 indicates,
a. net addition
b. current value with some fluctuations
c. expected value
d. none of these
Q. When a north Indian town data and south Indian data are totalled, it leads to the problemof _________aggregation.
a. national
b. regional
c. spatial
d. heterogeneous
Q. Among the following, which is an assumption of OLS
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
Q. The property of average or expected value is equal to true value of the coefficient is theproperty of
a. zero variance
b. minimum variance
c. zero mean
d. minimum mean
Q. Standard error is defined as,
a. standard deviation of the sampling distribution
b. standard deviation of the population
c. variance of the sampling distribution
d. variance of the population