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Practice Econometrics Questions and Answers

Due to which of the following reasons increase in absolute and per capita real GNP do not connote a higher level of economic development?
Which of the following occupations are included under secondary sector as per the national income accounts? 1. Manufacturing 2. Construction 3. Industries ...
Which of the following transaction is being ignored while calculating national income?
Which of the following statement best describe the role of a “deflator”?
Which of the following is not a method to calculate GDP?
Commodity service method is another name for which of the following methods?
Which of the following statement is correct about the situation in the economy?
Which of the following will have the largest value while calculating national income?
Which one of the following transactions will be considered as a transfer payment?
In India what is the current base year being used for the calculation of GDP?
Which one statement is correct among the given below?
Which of the following asset belongs to the flow concept?
What is the name given to the difference between value of output and value added?
Which of the following should be excluded while calculating Gross national Product?
Which of the following situations will result after high growth?
Which statement is correct regarding the situation of Inflation in an Economy?
Which of the following statement is correct with respect to inflation in Indian economy?
Which of the following issues are the reasons behind the inflation in Indian Economy?
Which of the following methods is used to control inflation in India?
What should be done in an economy to reduce the effects of recession?
If two or more than two goods are used to satisfy the same want, they are called
Which of the following may lead to a shift in the demand curve?
As a result of an increase in consumer incomes, the demand for XYZ good has decreased. Based on this information, what can we definitely say about what typ...
When a price ceiling is imposed in a market,
Income effect states that as price of a good falls, demand rises since there is rise in
An inferior good is one for which an increase in income causes a(n)
“Higher the price of certain luxurious articles, higher will be the demand” This concept is called
Coefficient of elasticity of demand is negative. It means:
Price elasticity of demand of a horizontal demand curve is called:
The range of the correlation coefficient is?
A shift of the supply curve of oil raises the price from $10 a barrel to $15 a barrel and reduces the quantity demanded from 40 million to 15 million barre...
If a 1 percent decrease in the price of a pound of squash results in a larger percentage decrease in the quantity supplied,

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