Practice Research Questions and Answers

• Which of all the following is not an assumption of Marshall Consumer Theory of Demand?
•   Any straight-line supply curve that intersects the vertical axis above the origin has an elasticity of supply
•   For which of the following goods is the demand curve upward sloping ?
• Any straight-line supply curve that has a positive horizontal intercept has an elasticity of supply
• Backward bending labor supply curve is because of
• The falling part of the Total utility shows
• The Diamond-water Paradox shows us that ?
• All combinations on an indifference curve give
• Under Monopoly the supply curve is absent because?
• Excess Capacity is not found in?
• Bilateral Monopoly is the case where
• Short-run returns to fixed supply of factor of production are known as
• In which year FRBM Act was enacted ?
• In an open economy, ceteris paribus, If the marginal propensity to import increases, what will be the impact on Income Multiplier?
•   Type I error occurs when
• In the regression specification y = α + βx + ε
• Weighted least square is the Remedial measure for which of the following?
• For which of the following Farrar–Glauber test regression test is done?
• ___________ refers to the degree of correlation of the same variables between two successive time intervals
•   The sum of squared deviation is minimum when taken from
• The dummy variable trap occurs when
• Leontief Preferences are related to
• The following utility function represents what kind of preferences U(x,y) = x2 + y + 2xy0.5
• When the slope of average cost is positive then which of the following holds
• For which of the following preferences, Engel curve is not a straight line?
• In which of the following case , the production cost curves shifts upward?
•   If income elasticity is less than 1 then the goods are
• In which of the following models, price   is driven down to marginal cost?
• What is the value of elasticity of substitution in case of perfect substitutes?
• Among the following production functions which one is having decreasing returns to scale
• Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate the m...
• For the following demand curve, Q=10P-1 , calculate the profit made by the monopolist when Total cost is Rs.2Q and he sells discrete goods i.e. 1,2,3 and s...
• Consider A’s utility function to be U(x,y)=(min{X,Y})1/2, the price of good X is Rs.2 and price of good Y is Rs.1. Calculate the total Utility of A if he...
• Suppose A consumes only 2 goods X &Y such that A exhausts all the income. Ceteris Paribus, if the price of X rises and the price elasticity of X is 1.2 the...
• The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y. Calculate th...
• The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y. Calculate the...
• Primary Deficit is
• Effective Revenue Deficit is
• Amber, Blue and Green boxes is related to which sector as per WTO terminology ?
• The index of import prices stands at 120 and that of exports is 156. What is the terms of trade