Practice Research Questions and Answers

• If the R2 value for a regression line is 0.75 for 20 observations. What is the adjusted Rsquare value if the number of independent variables are 3?...
• Suppose you have estimated wage = 10 + 5skill + 3gender, where gender is one for male and zero for female. If gender had been one for female and zero for m...
• Suppose the regression specification y(hat) = a + βx + l  z + ε was estimated as y = 5 + 6x + 7z. We have a new observation for which x = 5 and z = -2....
• When R2 = 0, the estimated line (SRF) lies 
• Match the following A.    Modigliani                       I.       Liquidity Trap B.    Hicks                        �...
• Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1. Calculate th...
• Consider KRK’s demand function for cigarettes for  as Q= .02m- 2p where m is his income and p is the price. KRK’s income is Rs.7500 and the price of a...
• For a monopoly firm the demand curve is Q=20-2P. For the profit maximizing quantity of 8 units, the mark up of the firm is  
•    For a perfectly competitive industry , the Marginal cost of producing good X is Rs.10 and that for a Monopoly firm is Rs.12. The demand function for t...
• A country Kaishala imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose ...
• 1.       C = 50 + 0.5 Yd, I = 100 -50i, T=G=100 where, Yd is disposable income, T and G are taxes and government expenditure respectively and i is t...
• Transaction demand for money, Mt = 0.7Y. Speculative demand for money, MSP = 50 – 150i ;  Money supply Ms = 150. LM equation from the above data is ____...
• In a frequency distribution, what percent of the total number of observations lies between the first and third quartiles?
• In the context of the Classical model, which of the following would cause a shift in the long-run aggregate supply curve (LRAS)?
• According to the Economic Survey 2023-24, what is the target year for India to achieve net zero emissions?
• The JAM (Jan-Dhan, Aadhaar, and Mobile) trinity has significantly contributed to which of the following in India?
• The Economic Survey 2023-24 highlights a decline in out-of-pocket expenditure on health as a percentage of total health expenditure from 64.2% in FY14 to w...
• In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
• In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The follow...
• In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices? 
• Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
• Which of the following is a property of a normal distribution?
• Which probability distribution is appropriate for modeling the number of occurrences of an event in a fixed interval of time or space?
• Which of the below probability distribution has same mean and variance?
• If a random variable X follows a uniform distribution between 0 and 1, what is the expected value of X?
• Given the following data for an economy: National Income: $700 billion Depreciation: $50 billion Indirect taxes minus subsidies: $30 billion Net fact...
• Given the following data for a country: Fiscal deficit: $50 billion Interest payments: $15 billion Capital expenditure: $25 billion What is the prima...
•    Which of the following best explains why the J-curve effect occurs?
• If Y is preferred over X lexicographically. If income is 100 and price of x=1 and price of y is10, then at optimal bundle the total amount of X is
• The economic development in Schumpeter’s development theory is because of
• Percentage of values that lie within a band around the mean in a normal distribution with a width of two standard deviations is approximately
• What is the correlation coefficient of the straight line ax+by+c=0 wherein a>0 and b <0
• Gauss-Markov Theorem is associated with which of the following
• What is sum product of the error an independent variable in OLS estimation
• Which one of the following is not an assumption of Classical Linear Regression Model
• Which of the following is not a test related to Heteroscedasticity?