Quantitative techniques BA Hons Economics MCQs
Question. The best fitting trend is one in which the sum of squares of residuals is:
(a) Negative
(b) Least
(c) Zero
(d) high
Answer
B
Question. The secular trend is measured by the method of semi-averages when:
(a) Time series based on yearly values
(b) Trend is linear
(c) Time series consists of even number of values
(d) Trend is non-linear
Answer
B
Question. If infant mortality rate (IMR) = 20 per 1000 and the total number of life births is 200 in a year, the number of infants dying before attaining age one is
(a) 2
(b) 4
(c) 5
(d) 10
Answer
B
Question. The value of net reproduction rate (NRR) < 1 will result into
(a) increase in population
(b) decrease in population
(c) constant in Population
(d) none of the above
Answer
B
Question. The annual crude birth rate is defined as
(a) Annual births/Annual mean population x 1000
(b) Number of life births/Annual mean population x 100
(c) Specific birth rate/Mid-year total population x 1000
(d) Standard population/Mid-year total population x 1000
Answer
A
Question. Infant mortality rate is defined as age-specific death rate for infants under
(a) 1 month
(b) 6 months
(c) 1 year of age
(d) 2 years of age
Answer
C
Question. Infant mortality rate is defined as
(a) No. of mother death/Total live birth x 1000
(b) No. of mother/No. of child death at birth x 1000
(c) Death of infants within one year of birth/Total number of mother x 1000
(d) Death of infants within one year of birth/Total number of live birth x 1000
Answer
D
Question. Reproduction rates are of
(a) two types
(b) three types
(c) four types
(d) six types
Answer
A
Question. The Gross Reproduction rate is used as a measure of
(a) the female population
(b) the fertility in a population
(c) the age composition of a population
(d) the newly born children in a population
Answer
B
Question. When fertility rate is calculated on the basis of age distribution, it is called
(a) Age fertility rate
(b) Total fertility rate
(c) General fertility rate
(d) Age-specific fertility rate
Answer
D
Question. Vital events mean such events of human life as
(a) birth
(b) divorce
(c) morbidity
(d) all of the above
Answer
D
Question. Data concerning births, deaths, marriages and divorce are considered as
(a) ordinal data
(b) nominal data
(c) vital statistics
(d) descriptive statistics
Answer
C
Question. In the computation of total fertility rate, we take into account
(a) only male babies
(b) only female babies
(c) both male and female babies
(d) only the child-bearing age
Answer
C
Question. The product of the index number by another index number based on the same data with price and quantity interchanged should be equal to the ratio of aggregate value in the current to the aggregate value in the base year is
(a) Time reversal test
(b) Circular test
(c) Factor Reversal Test
(d) Test of proportionality
Answer
C
Question. When index number is calculated for several variables, it is called:
(a) Composite index
(b) Whole sale price index
(c) Simple index
(d) Price index
Answer
A
Question. Index numbers are useful only when data can be expressed in
(a) Qualitative terms
(b) Quantitative terms
(c) Percentage
(d) Descending order
Answer
B
Question. Increase in the number of patients in the hospital due to heat stroke is:
(a) Secular trend
(b) Irregular variation
(c) Seasonal variation
(d) Regular variation
Answer
C
Question. The method of moving average is used to find the:
(a) Secular trend
(b) Seasonal variation
(c) Cyclical variation
(d) Irregular variation
Answer
A
Question. The rise and fall of a time series over periods longer than one year is called:
(a) Seasonal variation
(b) Irregular variation
(c) Cyclical variation
(d) Moving average
Answer
C
Question. Which of the following is not a component of time series?
(a) Regular variations
(b) Seasonal variations
(c) Irregular variations
(d) Cyclical variations
Answer
A
Question. Which of the following is an ideal index number?
(a) Paasche’s index number
(b) Fisher’s index number
(c) Laspeyres’ index number
(d) Marshall-Edgeworth index number
Answer
B
Question. The difference between the actual value of the time series and the forecasted value is called:
(a) Residual
(b) Sum of variation
(c) Sum of squares of residual
(d) Total of square variation
Answer
A
Question. The second degree parabola is fitted to the time series when the variations are:
(a) Linear
(b) Nonlinear
(c) Random
(d) Semi-linear
Answer
A
Question. In the measurement of trend, semi-average method is desired to be applied only when the trend is
(a) Convex and semi-convex
(b) Non-linear
(c) Quadratic and concave
(d) Linear or approximately linear
Answer
D
Question. Laspeyres’ index formula uses the weight of the
(a) Previous year
(b) Current year
(c) Base year
(d) Next year
Answer
C
Question. The crude birth rate is the ratio of number of life birth during a year to the
(a) mid year population
(b) total number of women
(c) total number of births in a year
(d) total number of married women
Answer
A
Question. The annual rate of natural increase can be computed by
(a) adding the crude death rate from the crude birth rate
(b) subtracting the crude death rate from the crude birth rate
(c) dividing the crude birth rate from the crude death rate
(d) multiplying the crude birth rate from the crude death rate
Answer
B
Question. If net reproduction rate (NRR) = 1, it indicates a tendency to
(a) increase in population
(b) decrease in population
(c) constant in Population
(d) none of the above
Answer
C
Question. The crude birth rate of a given year tells us at what rate births have augmented
(a) the fertility of the population
(b) the population at a point of time
(c) the population over the course of the year
(d) the age distribution over the course of the year
Answer
C
Question. If maternal mortality rate (MMR) is 16 per 1000 and total number of live birth is 250 in a year, then the number of mother die at the birth of child is
(a) 1
(b) 3
(c) 4
(d) 6
Answer
C
Question. With the help of maternal mortality rates, it is possible to find out the probability of
(a) a women dying from child birth
(b) a women dying from reproduction age
(c) a widow dying during the fertility period
(d) None of the above
Answer
A
Question. If the majority of births are those of boys the population is bound to
(a) increase
(b) decrease
(c) amplify
(d) remain the same
Answer
B
Question. Which of the following assumptions is not the property required for a stationary population?
(a) constant size
(b) constant age composition
(c) constant sex composition
(d) constant rate of emigration and immigration
Answer
C
Question. Theoretically the gross reproduction rate can range from
(a) 0-5
(b) 10-15
(c) 15-20
(d) 20-50
Answer
A
Question. If annual death is 1040 per 1000 and the annual mean population is 45000 in Narang Locality, the crude death rate in that locality is
(a) 0.023
(b) 2.311
(c) 23.11
(d) 1040
Answer
C
Question. If total number of female children born is 2520 in a year and number of female children survived is 2074.08, the gross reproduction rate (GRR) per women is
(a) 1.25 per women
(b) 2.52 per women
(c) 25.2 per women
(d) 252 per women
Answer
B
Question. Gross reproduction rate adjusted for the effects of mortality is called
(a) specific fertility rate
(b) general fertility rate
(c) the reproduction rate
(d) the net reproduction rate
Answer
D
Question. Vital index is a
(a) short term measure
(b) medium term measure
(c) long term measure
(d) lifetime term measure
Answer
A
Question. Vital rates are customarily expressed as
(a) percentages
(b) per thousand
(c) per lakh
(d) per million
Answer
A
Question. If the gross reproduction rate of a population is exactly 1, it indicates that
(a) the population would decline
(b) the population would increase
(c) the sex under consideration is exactly replacing itself
(d) it inflates the number of potential mothers
Answer
C
Question. The risk of dying from causes associated with child-birth is measured by the
(a) specific rate
(b) corrected rate
(c) infant mortality rate
(d) maternal mortality rate
Answer
D
Question. Infant mortality rate varies in different countries according to
(a) age and sex
(b) age and place
(c) time and place
(d) time and scale
Answer
C
Question. Population censuses are generally undertaken at
(a) 1 year interval
(b) 5 years interval
(c) 10 years interval
(d)15 years interval
Answer
C
Question. The simplest measure of population growth is
(a) the crude birth rate
(b) the adjusted birth rate
(c) the general fertility rate
(d) the crude rate of natural increase
Answer
D
Question. If the value of net reproduction rate (NRR) > 1, the population will in general tend to
(a) increase
(b) decrease
(c) constant
(d) none of the above
Answer
A
Question. The accuracy of gross reproduction rate depends on the accuracy with which
(a) age specific fertility rates can be computed
(b) age standardised fertility rates can be computed
(c) age of a mother at registration can be estimated
(d) age of a widow at registration can be estimated
Answer
A
Question. The rates for reproductive span of life is from
(a) 13 to 38 years of age
(b) 14 to 45years of age
(c) 15 t0 49 years of age
(d) 18 to 55 years of age
Answer
C
Question. The crude death rate usually lies between
(a) 2 and 10 per 1,000.
(b) 4 and 15 per 1,000
(c) 8 and 30 per 1,000
(d) 10 and 45 per 1,000
Answer
B
Question. The level of the crude death rate is determined by
(a) the economy of the population
(b) the fertility of the population
(c) the mortality of the population
(d) the fecundity of the population
Answer
C
Question. The production of goods is decreasing, this stage is called:
(a) Recovery
(b) Boom
(c) Prosperity
(d) Recession
Answer
D
Question. The cost of living index number is essentially a
(a) Simple index number
(b) Weighted index number
(c) Cross index number
(d) Retail price index number
Answer
D
Question. Purchasing power of money can be assessed through:
(a) Simple index
(b) Fisher’s index
(c) Composite index
(d) Consumer price index
Answer
D
Question. Time Reversal Test was developed by
(a) J.M Keynes
(b) Laspeyre
(c) Irving Fisher
(d) Paasche
Answer
C
Question. A business cycle has:
(a) Two stages
(b) Three stages
(c) Four stages
(d) None
Answer
C
Question. A price relative is
(a) An imaginary number
(b) A complex number
(c) A pure number
(d) None of these
Answer
C
Question. Most of the time series relating to economic and business phenomena conform to the
(a) Additive model
(b) Mixed model
(c) Percentage model
(d) Multiplicative model
Answer
D
Question. The long term trend of a time series graph appears to be:
(a) Straight-line
(b) Upward
(c) Parabolic curve or third degree curve
(d) Downward
Answer
C
Question. Which of the following is an example of seasonal variations?
(a) Death rate decreased due to advance in science
(b) Birth rate increased due to invention of new medicine
(c) Sudden increase in death rates caused by wars
(d) The sale of air condition increases during summer
Answer
D
Question. The four components of a time series are not necessarily
(a) Mutually dependent
(b) Mutually independent
(c) Equilibrium
(d) Not equilibrium
Answer
B
Question. If the period of moving average is equal to the period of the cycle, the smoothing is perfect and we have
(a) A straight line trend
(b) A reverse trend
(c) A circle line trend
(d) A curvature line trend
Answer
A
FILL IN THE BLANK
Question. Time series analysis are mostly divided into two model, multiplicative model and _____________.
Answer
Additive model
Question. A time series is a sequence of observation on a variable made at regular interval of time and arranged in _____________.
Answer
Chronological order
Question. In demography the term ________ refers to the actual production of children.
Answer
fertility
Question. A third population is called a ________ population.
Answer
standard
Question. An old population can exhibit a relatively ________ crude death rate even if longevity is high.
Answer
high
Question. The crude birth rate is the ________ method of measuring fertility.
Answer
simplest
Question. Standardised death rate is also called ________ death rate.
Answer
adjusted
Question. The female rate is generally ________ than the male rate in crude death rate.
Answer
lower
Question. Both fertility and are ________ taken into account while calculating net reproduction rate.
Answer
mortality
Question. Price index of year 2 with base year 1 is written as P12, then price index of year 1 with base year 0 is written as _____________.
Answer
P01
Question. There are _____________ major types of variation or components of a time series.
Answer
Four
Question. In economics, an explanation of the forces of inflation and depression is sought to be given with the help of _____________
Answer
Time series analysis
Question. A price index number measures changes in the general level of prices of a group of _____________.
Answer
Commodities
Question. In the regression equation Y = 75.65 +0.50x, the intercept is _____________.
Answer
75.65
Question. Regression is the estimation of unknown values of one variable from the known value of _____________
Answer
Other variables
Question. The line of regression of Y on X is used to estimate the value of dependent variable of Y for any given value of independent _____________
Answer
Variable X
Question. If observations on two variables are given in the form of ranks and not numerical values, we compute _____________ between the two series.
Answer
Rank correlation
Question. In the equation of a straight line, Y = mx + c the term, m is the _____________.
Answer
slop
Question. If correlation coefficient (r) equal to -1 it shows a _____________.
Answer
Perfect negative correlation
Question. The crude death rate measures the ________ in the population due to deaths.
Answer
decrease
Question. The gross reproduction rate differs from total fertility rate only in the ________
Answer
numerator
Question. Still birth are not included in the ________ deaths.
Answer
infant
Question. All the girls born do not ________ till they reach the child bearing age.
Answer
survive
Question. In gross reproduction rate only the ________ babies are taken into account.
Answer
female
Question. ________reproduction rate is the best measure of population growth.
Answer
Net
Question. Net reproduction rate could in theory range from zero to ________
Answer
five
Question. Laspeyre’s Index has _____________ bias
Answer
Up ward
Question. The fluctuation in the time series are usually due to a number of forces known as _____________ of the time series.
Answer
Components
Question. The index number of prices helps us to compare changes in prices in a particular year or month with the prices in a _____________.
Answer
Base year
Question. Fisher’s index number is called an ideal index number because it satisfies both the time reversal and _____________ tests.
Answer
Factor reversal
Question. Laspeyre’s Index Number uses base year quantities as _____________.
Answer
Weights
Question. If the gross reproduction rate of population is more than 1, the population would ________
Answer
increase
Question. ________ companies are interested in deaths occurring at different ages of the population.
Answer
insurance
Question. Net reproduction rate can never ________ gross reproduction rate.
Answer
exceed
Question. The infant mortality rate serves as an excellent index of the general ________ of the society.
Answer
healthiness
Question. Paasche’s Index Number uses ……… ………………… quantity as weights.
Answer
Current year
Question. The specific death rate are the true and best measure of ________
Answer
mortality
Question. Negative regression coefficient indicates that the movement of the variables is in _____________ direction
Answer
opposite
Question. Under partial correlation the relationship of two variables is estimated by eliminating the effect of others _____________
Answer
variables
Question. If coefficient of correlation ‘r’ = 0.8, the coefficient of Alienation is _____________
Answer
0.6