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,
