If a Durbin - Watson statistics takes value close to zero, what will be the value of first order autocorrelation coefficient ?
Answer:Close to either minus or plus one
What would be consequences for the OLS estimator if heteroscedasticity is present in a regression model but ignored ?
Answer: it will be inefficient
The First Fundamental Theorem of Welfare Economics requires
Which among the following allocation/distribution corresponds to Rawlsian concept of equity ?
Answer: Maximise the utility of the least well off people.
Under discriminating monopoly, if the elasticity of demand in market I is 2 and in market II, it is 1, (elasticities being in absolute terms) then the price behaviour of the monopolist will be :
Answer:To charge a higher price in market II
Given the demand function : 20 Q = P , where symbols have their usual meaning, at which price, the elasticity of demand would be unity ?
The idea of indicative planning was first adopted in which Five year Plan of India ?
Which of the following has the highest share in India’s external debt at the end of March 2015 ?
R.B.I. can print currency notes upto the value of :
Union Budget 2016-17 imposed a 15% surcharge on the income exceeding
‘Paramparagat Krishi Vikas Yojana’ aims to boost :
Classical dichotomy refers to which one of the following ?
Answer:Influence of money is not on the real variables like employment and output but on price level.
The basic rationale of the theory of ‘Big-Push’ is based upon the idea of
“Central problem in the theory of economic development is to understand the process by which a community which was previously saving 4 to 5 per cent or less of its national income, converts itself into an economy where voluntary savings is running about 12 to 15 of national income or more.” Who among the following economists is attributed with this view ?
In the Harrod-Domar equation g = s/v, where v is defined as :
Answer:Incremental capital output ratio