51
Two unbiased dies are tossed simultaneously, what is the probability that the sum of the outcomes would be eleven
Answer
B. 1/18
52
The value of second order differential of (Total Revenue - Total Cost) a profit maximiser will be
Answer
C. negative
53
The difference between collected data and actual value is called
Answer
D. both (B) and (C)
54
Which of the following is known as parametric test?
Answer
D. All the above
55
Inverse probability is also known as
Answer
A. Bayesian probability
56
In a college 60% of the students play football, 50% of the students play basketball, 30% of the students play both football and basketball. Find the probability that students play neither of the sports
Answer
D. 0.20
57
In a regression involving time series data with successive observations showing interdependency, i.e. `"E (U_iU_j)" !=0` this is popularly known as
Answer
B. Auto correlation
58
In economic analysis when dependent variables are essentially qualitative we make use of
Answer
C. Dummy variables
59
Accepting a hypothesis which is false is called
Answer
B. Type II Error
60
In matrix, inverse is defined only in case of
Answer
B. Non-singular matrix
61
The official call for a New International Economic Order was first originated by
Answer
A. UN General Assembly in 1974
62
The degree of inequality is measured using
Answer
C. Lorenz curve
63
An index which combines a measure of income per head with measures of life expectancy and adult literacy
Answer
B. HDI
64
'Life sustenance, Self-esteem and freedom are the basic components or core values of development' is the concept originally introduced by
Answer
C. D Goulet
65
If the ratio of marginal product is the same at the capital to labour ratio and equal proportional amounts of the two factors are saved, then it is
Answer
C. Neutral Technical Progress
66
Who authored the book "Economic Development with Unlimited Supplies of Labour"?
Answer
D. Arthur Lewis
67
The relationship between the growth of productivity and growth of industry is referred to as
Answer
A. Verdoon's law
68
The process of economic development is regarded as a 'Chain of Dis-equilibria' is associated with
Answer
B. A.O. Hirshman
69
India's 3rd Five Year Plan is said to be based on
Answer
D. S. Chakravarthy Model
70
The synchronized allocation of available capital in every sectors to meet the target of economic development in UDCs, is the idea behind
Answer
B. Balanced Growth Strategy
71
The only state where females outnumber males is
Answer
B. Kerala
72
Economic reforms were started in India in
Answer
A. 1991
73
The second five year plan gave priority to
Answer
B. Heavy capital goods industries
74
HDI is related to measure
Answer
B. Economic development
75
Lorenz curve measures
Answer
C. Income inequality
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