Answer: Cost of government pest control and management

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Questions

1
In the terminology of WTO, which among the following is not an amber box subsidy ?

Answer: Cost of government pest control and management

2
The weight of manufacturing in old IIP (base 1993-94) was 76.36% which has now been changed in the new IIP (base 2004-05) at

Answer: 75.53%

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3
Which of the following agricultural holdings have largest percentage in India ?

Answer:Marginal Holdings

4
First two States/Regions in India having highest yield of rice in 2013-14 were

Answer:`National Capital Territory of Delhi and Punjab

5
Which among the following rates is independently determined in India ?

Answer:Repo rate

6
The main objectives of the 12th Five Year Plan are

Answer:Faster, sustainable and more inclusive growth

7
Which of the following are not considered as flow variables in economic analysis ?

Answer:Money supply and public debt

8
If the Reserve Bank of India wishes to decrease the money supply, it should

Answer: buy treasury bills in the open market

10
The production function Q = 150 L0.7 K05, exhibits the returns to scale as :

Answer:Increasing

11
Indirect least squares method of estimation is applied to equations of a simultaneous equation system. The estimates so obtained will be

Answer:Unbiased and consistent

12
In a two-variable regression Y is dependent variable and X is independent variable. If the correlation coefficient between Y and X is 0.7, then which one of the following result is correct ?

Answer: 49% variation in Y are explained by X.

13
Koyck’s approach to econometric analysis deals with relationships involving :

Answer:Qualitative explanatory variables

14
For the demand function P = 10 – 2x – 0.5 x2, what is price elasticity of demand at x = 2 ?

Answer:0.5

15
In a regression with 3 independent variables and 20 observations F value calculated is to be tested. What will be degrees of freedom for numerator and denominator in testing procedure ?

Answer:3, 16

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