MCQs Economics 1

Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the MCQs Economics Quiz.

MCQs Economics for the preparation of different Job and educational degree-related tests and examinations.

1. The national income period is

 
 
 
 

2. If a monopoly is unable to cover its short-run variable costs, it should

 
 
 
 

3. “The true national income is that part of the annual net produce that is directly consumed during that year” Who said this

 
 
 
 

4. Households and economics have each of the following in common EXCEPT both

 
 
 
 

5. The other name for law decreasing return is

 
 
 
 

6. A monopsony is

 
 
 
 

7. Both households and societies face many decisions because

 
 
 
 

8. The word economy comes from the Greek word for

 
 
 
 

9. Personal income means

 
 
 
 

10. Who has given the concept of “Wage fund Theory”

 
 
 
 

11. Which of the following is NOT included in the decisions that every society must make?

 
 
 
 

12. In a monopoly the number of firms is

 
 
 
 

13. Economics deals primarily with the concept of

 
 
 
 

14. If a monopolist has only fixed costs and chooses that output at which marginal cost equals price, it will

 
 
 
 

15. Factors of production are

 
 
 
 

16. If the monopolist maximizes profits when marginal revenue equals marginal cost equals average cost, economic profits must be

 
 
 
 

17. The word that comes from the Greek word for “One who manages a household” is

 
 
 
 

18. Price discrimination is

 
 
 
 

19. If a monopolist had no costs, the best possible price would be where demand is

 
 
 
 

20. Average revenue is equal to

 
 
 
 

Online MCQs Economics with Answers

  • “The true national income is that part of the annual net produce that is directly consumed during that year” Who said this
  • Who has given the concept of “Wage fund Theory”
  • Both households and societies face many decisions because
  • Which of the following is NOT included in the decisions that every society must make?
  • Economics deals primarily with the concept of
  • Households and economics have each of the following in common EXCEPT both
  • The word economy comes from the Greek word for
  • The word that comes from the Greek word for “One who manages a household” is
  • A monopsony is
  • Price discrimination is
  • If a monopoly is unable to cover its short-run variable costs, it should
  • If the monopolist maximizes profits when marginal revenue equals marginal cost equals average cost, economic profits must be
  • If a monopolist has only fixed costs and chooses that output at which marginal cost equals price, it will
  • If a monopolist had no costs, the best possible price would be where demand is
  • Personal income means
  • The national income period is
  • Factors of production are
  • The other name for law decreasing return is
  • Average revenue is equal to
  • In a monopoly the number of firms is
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Online MCQs Econometrics Quiz 5

This quiz is about Econometrics, which covers the topics of Correlation and Regression analysis, dummy variables, multicollinearity, heteroscedasticity, autocorrelation, and many other topics. Let’s start with the Online MCQs Econometrics Quiz.

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An application of different statistical methods applied to the economic data used to find empirical relationships between economic data is called Econometrics.

The term Econometrics means “Economic Measurement”. Econometrics is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of statistical inference.

Econometrics can also be defined as the empirical determination of economic laws. It can be classified as (i) Theoretical Econometrics and (ii) Applied Econometrics.

(i) Theoretical Econometrics

Theoretical econometrics is concerned with developing appropriate methods for measuring economic relationships specified by econometric models. Theoretical econometrics leans heavily on mathematical statistics and must spell out the assumptions of methods (such as Least Squares), their properties, and what happens to these properties when one or more of the assumptions of the technique are not fulfilled.

(ii) Applied Econometrics

In applied econometrics, the tools of theoretical econometrics are used to study special fields(s) such as production function, investment function, demand and supply function, portfolio theory, etc.

Online MCQs Econometrics Quiz with Answers

  • In a regression model with 3 explanatory variables, there will be ——— auxiliary regressions
  • The term Homoscedasticity means
  • A variable showing the presence or absence of something is known as:
  • The dummy variable trap is caused by:
  • The dummy variable trap can be avoided by:
  • Eigenvalues can be used for detecting violations of the assumption of:
  • Variance inflation factor is a common measure for:
  • In a multiple regression model, the ideal situation is:
  • Generally, an acceptable value of variance inflation factor (VIF) is:
  • If the covariance between two variables is positive then their correlation coefficient will always be:
  • The range of covariance between two variables is:
  • The range of partial correlation coefficient is:
  • Heteroscedasticity refers to a situation in which:
  • Which of these tests is suitable for only a simple regression model?
  • If we have a categorical variable with 4 categories, then how many dummy variables can be used in with intercept regression model
  • When measurement errors are present in the explanatory variable(s) then parameter estimates become
  • Which one is NOT the rule of thumb?
  • The variance of regression slopes becomes infinite in the case of:
  • The high value of VIF indicates
  • In the case of homoscedasticity, we have:

Types of Econometrics Data

Different types of data are used in Econometrics. There are three important types of data for empirical analysis:

  • Time Series Data
    A time series data is a set of observations on the values that a variable takes at different times. The time series data may be collected at regular time intervals such as daily, weekly, monthly, quarterly, annually, etc.
  • Cross-Sectional Data
    Cross-sectional data are data on one or more variables collected at the same point in time. Cross-sectional data has a problem of heterogeneity.
  • Pooled Data
    Pooled data is a combination of both time series and cross-sectional data.
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MCQs Programming – 11

The Quiz is about MCQs programming and Programming languages. There are 20 multiple-choice questions about MCQS Computer Programming Languages. Let us start with the MCQs Programming Quiz with Answers.

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MCQs Programming Languages

  • Which of the following is not a programming language?
  • Foxpro is
  • FORTRAN, a computer programming language is mainly used for
  • GW-BASIC is one of the earlier versions of BASIC, What does GW stand for?
  • The power of a supercomputer is measured in terms of
  • The interface between the user and the computer is
  • The input for a computer is
  • The output for a compiler is
  • The input of an interpreter is
  • In the field of computers, what is BASIC (Beginners All-purpose Symbolic Instruction Code)?
  • Which of the following information is not given by the DIR command
  • CLS command has which of the following parameters
  • The input for analysis are
  • HTML is the basic language used to create
  • The major language of the World Wide Web is
  • Many programmers call writing software program
  • Which program is run by BIOS to check hardware components are working properly while the computer is turned ON?
  • A process is a __________.
  • What type of operating system MS_DOS is
  • Which programming languages are classified as low-level languages?

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Online MCQs Islamic Quiz – 2

Online MCQs Islamic Quiz with answers for PPSC Lecturer Test. There are 20 multiple-type questions. Let us start with the MCQs Islamic Quiz.

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Online MCQs Islamic Quiz

  • The Nisab of Zakat in gold is ——–?
  • Quran contains ——– Surah.
  • The Nisab of Zakat in Silver is ——–?
  • The original name of Imam Bukhari is ——–?
  • Where Qurbani (Holy Slaughtering) is made during Hajj ——–?
  • Gathering on Arafat during Hajj is made on ——–?
  • How many stages are in the Quran?
  • Which King tore the letter of the Prophet (PBUH) into pieces?
  • Ghazwa Tabook was fought against
  • The year of Imam Abu Hanifa’s birth is
  • During the migration from Makkah to Madina, the Holy Prophet (PBUH) and Hazrat Abu Bakar Siddique R.A. took shelter in the
  • The ring of the Holy Prophet (PBUH) was made by
  • The name of the woman, after Hazrat Khadija R.A. who embraced Islam is?
  • Which Surah is known as Aroos ul Quran?
  • What is the name of the Hadith, which is according to the Holy Quran and reason?
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