Subject General Knowledge | |||
---|---|---|---|

Direction: Choose the correct answer. | |||

126. The number of imported automobiles in a year is an example of what type data? | |||

Nominal | |||

Qualitative | |||

Discrete | |||

Continuous | |||

Ans. | |||

127. A binomial distribution may be approximated by a Poisson distribution (where n = number of trails and p = probability of success in each trail) if | |||

n is large and p is small | |||

n is small and p is large | |||

n is small and p is small | |||

(a) and (b) but not (c) | |||

Ans. | |||

128. Scarcity is the imbalance between | |||

Demand and supply | |||

Limited resources and limited wants | |||

Limited resources and unlimited wants | |||

None of the above | |||

Ans. | |||

129. In the oligopolistic market, firms sell | |||

Homogenous product | |||

Differentiated product | |||

Homogenous or differentiated product | |||

None of the above | |||

Ans. | |||

130. The IMF Articles of Agreement encourages currency convertibility on | |||

Current account of the BOP | |||

Capital account of the BOP | |||

None of the above | |||

Both (a) and (b) | |||

Ans. | |||

131. Supply side policy is related with the | |||

Supply side improvement on real output | |||

Supply side improvement on price level and real output | |||

Demand for real output | |||

Demand and supply of real output | |||

Ans. | |||

132. Presence of Heteroscedasticity in a Classical Linear Regression Model indicates | |||

Disturbances appear in the population regression are Homoscedastic | |||

Variance for variables considered in the model are same | |||

Standard deviations for all variable of the model are different | |||

The error term of the model has unequal variance | |||

Ans. | |||

133. Causes of Multicollinearity in an Econometric model is/are due to | |||

Improper use of dummy variable | |||

Presence of correlation among the explanatory variables | |||

Inclusion of less number explanatory variables | |||

Both a and b | |||

Ans. | |||

134. Short run AC of firm is U shaped because the production process | |||

Follows law of diminishing marginal utility | |||

Follows law of diminishing marginal product | |||

Follows returns to scale | |||

Does not follow any law | |||

Ans. | |||

135. Consumer surplus means | |||

Total price paid to purchase a basket of goods | |||

Difference between what consumer wants to pay and actual price | |||

What consumer wants to pay | |||

What consumer actually paid | |||

Ans. | |||

136. For optimal macroeconomic effectiveness, monetary policy should be | |||

Independently applied | |||

Coordinated with fiscal policy | |||

coordinated with trade, fiscal and exchange rate policy | |||

All of the above | |||

Ans. | |||

137. For the standard normal distribution, the z value gives the distribution, the z value gives the distance between | |||

The mean and a point in terms of the mean | |||

The mean and a point in terms of the standard deviation | |||

The mean and a point in terms of the variance | |||

The mean and a point in terms of the enter of the curve | |||

Ans. | |||

138. 'Dumping' in international trade means | |||

Forcing other countries to buy a country's goods | |||

Charging a lower price for exported goods than the same goods sold domestically | |||

Charging a lower price for exported good than the same goods sold domestically | |||

Both (a) and (c) | |||

Ans. | |||

139. The theory of "Purchasing Power Parity" holds that | |||

All countries price levels are equal, when measured in terms of the same currency | |||

Price levels are equal, ignoring transportation cost | |||

Both (a) and (b) | |||

None of the above | |||

Ans. | |||

140. "Managed Floating" of the exchange rate allows a central bank to | |||

Control volatility of the exchange rate | |||

Control money supply but at the cost of greater exchange rate instability | |||

Both of the above | |||

None of the above | |||

Ans. | |||

141. The Doha Round of multilateral trade negotiations could not yet achieve its goal because of | |||

Disagreements over agricultural subsidy issues | |||

Disagreements over tariff issues | |||

Refusal to negotiate | |||

None of the above | |||

Ans. | |||

142. A discount bond | |||

Pays the bondholder the same amount every period until the maturity date | |||

At the maturity date pays the bondholder the face value of the bond plus an interest payment | |||

Pays the bondholder a fixed interest payment every period and repays the face value at the maturity date | |||

Pays the bondholder face value at the maturity date | |||

Ans. | |||

143. What are appropriate value in the blank space | |||

1, 2, 3 | |||

3, 2, 1 | |||

1, 3,1 | |||

2, 3, 1 | |||

Ans. | |||

144. Keeping other factors constant, total revenue of the producer from product from product X falls with the increase i price which suggest. | |||

The cross elasticity of demand for X with regard to Y is negative | |||

Income elasticity of demand for X is greater than 1 | |||

Price elasticity of demand for X is greater than 1 | |||

None of the above | |||

Ans. | |||

145. The Isoquant curve is | |||

Concave to the origin | |||

Convex to the origin | |||

Straight line | |||

U shaped | |||

Ans. | |||

146. Which of the following is not considered in calculating GDP? | |||

A grant to the poor student | |||

A shareholders dividend | |||

A doctor's fees | |||

A landlord's rent | |||

Ans. | |||

147. Which of the following could not bring about a shift in the demand for commodity X from ${D}_{1}$ to ${D}_{2}$ as shown in the diagram? | |||

A successful advertising campaign to promote | |||

An increase in the real income of the population of the country | |||

A fall in the price of X | |||

An increase in the price of a close substitute for X | |||

Ans. | |||

148. Which of the following countries is not a lank locked country? | |||

Bhutan | |||

Austria | |||

Nepal | |||

Afghanistan | |||

Denmark | |||

Ans. | |||

149. Among the following who is/was not a winner of Nobel prize in literature? | |||

Tomas Transtroemer | |||

Georgo Bernard Shaw | |||

Pablo Neruda | |||

Bertrand Russell | |||

Leo Tolstoy | |||

Ans. | |||

150. which one is incorrect? | |||

IMO : International Maritime Organization | |||

UNV : United Nations Volunteer | |||

UNC : United Nations University | |||

IFC : International Fiance Company | |||

UNDP : United Nations Development Program | |||

Ans. |

Total Question : | 25 |

Total Hit : | 0 |

Correct : | 0 |

Wrong/Cheat : | 0 |