Practice Research Questions and Answers

• 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
• Transaction demand for money, Mt = 0.5Y. Speculative demand for money, Msp = 100 – 250 i Money supply Ms = 300   LM equation from the above data is...
• ____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
• The level of current inflation is 12% and inflation for the previous year was 6%. The strength of the effect of unemployment on the wages is 1.5. Calculate...
•   The wealth distribution in a certain country is described by following Lorenz Function               F(x) = 3x6 where x lies between 0 and ...
•   Suppose the reserve ratio is 0.10, Currency in Circulation is Rs.200, Deposits are Rs.800 and Excess Reserves Rs.100 , then calculate the money multipli...
•    Consider the following production function Y = F(K,AL) = K1/3(AL)2/3 Calculate the Golden state level of capital per effective unit of labor, when sav...
• Consider a closed economy wherein C = 0.60 Yd   , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500 Where in Yd = Disposable Income, t...
• Which one of the following is not an assumption of Classical Linear Regression Model
• Non-spherical errors are related to
• Which of the following test is used for Multicollinearity?
• What is the correlation coefficient of the straight line ax+by+c=0 wherein a>0 and b>0
• Endogenity is associated with which of the following ?
• Refer to the below given table Coefficient of correlation r = 0.90. Estimate the salary when the months of experience is 40...
• The two regression lines are 12X+8Y=104 and 24X+12Y=124. Find the correlation coefficient.
• Calculate the standard error of the estimate of Y on X regression equation for the following data- N =50 , ∑y2 = 300 , ∑xy = 30, ∑x2 = 480 where, x =...
• Which of the following is the first test in the F-G test for Multicollinearity?
• When the value of d=4, in case of Durbin-Watson Test, what should be done with the null hypothesis?
• Suppose you have estimated Salary = 10 + 12education + 7gender, where gender is one for male and zero for female. If gender had been one for female and zer...
• What is the Standard deviation of first 50 natural numbers
• For the given data, n=20, X̅ = 40, Y̅ = 60, ∑(X-10)2 = 100, ∑(Y-30)2 =160 and     ∑(X-10)*(Y-30) = 80. Calculate the regression coefficient of ...