Wald’s Criterion in the decision theory is also known as-

Choose the incorrect statement about the satiety point/satiation point

Type-I error is-

Which of the following is not the assumption of method of least square?

Which of the given options is cause of structural inflation in the economy?

The first regulated market was established for which agricultural commodity in India?

The term Social Overhead Capital (SOC) was used by-

As per Simon Kuznet, which is not the contribution of agriculture to the society?

Match List-I with List-II:
1) State of Nature
2) Strategies
3) Pay-Offs
4) Pay-off Matrix

I) Monetary value associated with a combination of occurrence of possible state of nature and the strategies the decision maker chooses
II) Elements in the decision making process which is under the control of decision maker
III) A tabular compilation of payoffs for all the possible combinations of state of nature and the strategies the decision maker selects
IV) Element in the decision making process which is not in the control of the decision maker

Match LIST-I with LIST-II:
1) Keynes’s Consumption function
2) Kuznet’s Consumption Function
3) Demonstration Effect
4) Average Propensity to Consume

I) Immitates the consumption level of others
II) Income of individuals falls consumption doesn’t fall
III) Constant APC
IV) Falling Average Propensity to Consume

In Leontief production function, L is considered as-

With regards to the assumptions of Linear Programming (LP)-
1) Infiniteness of activities and resource restrictions
2) Proportionality of activities to the resources
3) Single value expectations
4) Non-negativity of the decision variables.
Choose the correct answer

Which among the following is the indices to measure the inflation?
1) The Consumer Price ratio
2) The Wholesale price ratio,
3) The GNP implicit price deflator,
4) Repo rate
Choose the correct answer

Choose the combinations of the correct statements:
1) Demand function is a sub set of demand curve
2) Demand curve is the sub set of demand function
3) Demand curve represents a part of demand function
4) Demand function represents a part of demand curve

Which is/are correct about different tests and their violation of OLS?
1) Dickey Fuller test-Stationarity
2) Park test-Multicollinearity
3) Durbin Watson Test-Autocorrelation
4) Students “t” test- Testing of Significance

The answer to the questions “Why the demand curve slopes downwards” or “Why the law of demand which describes the inverse relationship between price and demand is valid” are-

Choose the correct answer regarding the capital and money market-

Arrange the given stages in a logical sequence according to the Marx’s stages of growth-1) Communal, 2) Slave, 3) Capitalist, 4) Socialist

Fruits and Vegetable farming near the cities and sugarcane farming near the regions where sugar factories are established, are outcome of the operation of which economic principle?

Substitution of factors in a production process is economical till-

The pattern of behaviour of firms in relation to pricing and their practices is called-

All possible combination of two products that can be produced with given amount of input is represented by-

When the market price of a commodity is higher than the market clearing price of the commodity, then?

Given the Supply curve: QS = 1800 + 240P and the demand curve: QD = 3550 - 266P, which is truly indicating the market clearing price (Price in Rs. and quantity in Kg)?

_______ relates the quantity of a good consumed to an individual’s income-

Inferior goods have-

Which of the given options precisely explains “The condition of preferring a certain income to a risky income with the same expected value”-

Sunk cost is best described by-

Given the Market demand function for Meat QM0 = f (PM0|PC0,…,Pop0, Y0), which of the following best describes the movement along the original demand curve-

Choose the wrong statement from the given alternative statements-

According to theory, prices and profits can be expected to be higher in-

Find the odd one out-

Given the Personal consumption expenditure (Rs. 10089 billion), Gross private domestic investment (Rs. 1629 billion), Government purchase of goods and services (Rs. 2931 billion) and Net exports of goods and services (Rs. -392 billion), what would be the GDP of the nation?

The formula to compute adjusted R2 is given by-

The problem of heteroscedasticity can be rectified by-

Measure of tolerance to detect Multicollinearity is given by-

The first order Auto-regressive scheme is given by-

The relationship between Durbin-Watson ‘d’ value and Autocorrelation coefficient is given by-

A feasible solution to an LP problem

Which of the following statements is correct?

Primal of a dual is

If Dual has a solution, then the primal will

Another name used to Dynamic Programming is

To convert ≥ type of inequality into equations, we have to

Price elasticity of supply of food product is generally -

Net National Product at Factor Cost (NNPFC) is also known as

The investment which is undertaken independently of the level of income is known as

Which of the following statements is true concerning the consumption function

If your disposable personal income increases from Rs. 30,000 to Rs. 40,000 and your savings increases from Rs. 2,000 to Rs. 4,000, your marginal propensity to save (MPS) is

The curve which shows different equilibrium levels of national income with various rates of interest is called

Assume that investment does NOT depend on the interest rate. A reduction in the money supply will cause which of the following for this economy?

A reduction in consumer confidence will likely have which of the following effects

Suppose the current level of output and the interest rate are such that the economy is operating on neither the IS nor LM curve. Which of the following is true for this economy?

The rate of discount (r) which equalizes the present value of the prospective yield of an asset with its supply price is known as

If the marginal propensity to consume is 0.8 (80 %) then the multiplier will be-

With respect to the functions of Money, find the odd one out-

Those inflow of money to the government against which a liability of repayment devolves upon the government is known as-

Given the Gross Domestic Product in the current year 2023-24 is Rs. 7,50,000 trillion and the GDP in the base year 2015-16 was Rs. 6,00,000 trillion for an economy. Calculate the GDP deflator.

Based on the Neo-classical or neo-liberal approach, the economic growth can be put to spur by: