Top 150+ Solved Quantitative Methods for Economic Analysis 2 MCQ Questions Answer
Q. Any hypothesis, which are tested for the purpose of rejection under the assumptionthat it is true, is called
a. null hypothesis
b. alternative hypothesis
c. statistical hypothesis
d. composite hypothesis
Q. The alternative hypothesis is also called
a. null hypothesis
b. statistical hypothesis
c. research hypothesis
d. simple hypothesis
Q. A rule or formula that provides a basis for testing a null hypothesis is called
a. test-statistic
b. population statistic
c. both of these
d. none of the above
Q. If Ho is true and we reject it is called
a. type-i error
b. type-ii error
c. standard error
d. sampling error
Q. A passing student is failed by an examiner, it is an example of
a. type-i error
b. type-ii error
c. best decision
d. all of the above
Q. Level of significance is also called
a. power of the test
b. size of the test
c. level of confidence
d. confidence coefficient
Q. Critical region is also called
a. acceptance region
b. rejection region
c. confidence region
d. statistical region
Q. The weighted average of price relations using basic values as weights is same asthe ………………
a. laspeyres quantity index
b. paasches’ price index
c. laspeyres price index
d. kelly’s price index
Q. Which one of the following indices satisfies both time reversal and factor reversallist ?
a. lasperyres index number
b. fischer’s index number
c. paasches index number
d. bowley’s index number
Q. Which one of the following index numbers is based on Geometric Mean ?
a. lasperyres index number
b. fischer’s index number
c. paasches index number
d. bowley’s index number
Q. If the Paasches’ index is 196 and Fishers index is 210, What is the value of theLaspeyres’ index?
a. 220
b. 215
c. 225
d. 230
Q. The major purpose of price index is to measure change in the …………
a. standard of living
b. gold content of money
c. buying power of money
d. capacity to produce
Q. Which of the following statement is not correct ?Fishers’ index :
a. lies between laspeyres’ (l) & paasches’ index
b. is the arithmetic mean of l & p
c. is the geometric mean of l & p
d. is equal to l or p if l = p
Q. In consumer price index number weights are determing on the basis of ………..
a. actual price of the index
b. the consumption pattern of the class of population
c. actual consumption expenditure
d. both price & consumption expenditure
Q. Consumer price index number indicates
a. the general price level
b. the wholesale price level
c. export price
d. all of these