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PPSC Economics Chapter 13 Mathematics in Economics MCQs With Answers
Question # 1
The associative law of union is
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AU (BUC= (AUB)
U C
AUB = BUA
BUC = BUA
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Question # 2
Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.
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Supply price
Demand price
Equilibrium price
Reserved price
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Question # 3
The set of 'stars in the sky' is an example of
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Countable set
Infinite set
Finite set
unit set
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Question # 4
A positive definite Hessian fulfills the second order conditions for
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Maximum
Minimum
Both maximum and minimum
Mini max
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Question # 5
a possible use in encomia's for the circle or the ellipse is to model.
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Production possibility curve
Demand cuve
Isocost liine
Supply curve
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Question # 6
If A and B are symmetric matrix, then AB- BA is.
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Symmetric
Skew symmetric matrix
Idempotent matrix
Orthogonal matrix
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Question # 7
If matrix A is matrix of order n x m and B is another matrix of order m x n, then BA will be the matrix of order.
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n x m
m x n
n x n
m x m
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Question # 8
If A and B are symmetric matrices, then A +B is
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Symmetric
Non symmetric
Skew symmetric
Non skew symmetric
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Question # 9
Who is regarded as the founder of theory of sets.
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Adam Smith
Karl Frederich Gauss
George cantor
Euller
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Question # 10
The slope of a horizontal line is.
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One
Zero
Three
two
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Question # 11
If A is a square matrix of order ' n' and lis the unit matrix of the same order then A 1 is equal to.
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A
1A
1
Both a and b
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Question # 12
The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.
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Dependent variable
Independent variable
Endogenous variable
Explained variable
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Question # 13
A function where a variable x can only very in jumps, is often called.
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Non linear functions
Inverse function
Step function
All of above
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Question # 14
A diagonal matrix whose diagonal elements are equal is called.
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Unit matrix
Singular matrix
Scalar matrix
Non singular matrix
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Question # 15
The point at which the graph cuts the x axis is called.
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x- intercept
y - intercept
slope
None of these
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Question # 16
If matrix A is of m x n dimension, then A will be
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n x m dimension
m x n dimension
n x p dimension
m x m dimension
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Question # 17
A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.
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Hassian determinatn
Jacobian determiant
Discrimianant
First order determinant
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Question # 18
A negative definite Hessian fulfills the second order conditions for.
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Maximum
Minimum
both maximum and minimum
Mini max
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Question # 19
Th transpose of the cofactor matrix is called.
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Adjoin of the matrix
Power of a matrix
Minor of the matrix
Rank of a matrix
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Question # 20
if in a matrix , the number if rows is the same as the number of columns, it is called.
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Singular matrix
Non singular matrix
Square matrix
Column vector
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Question # 21
The function y = 2x + 1 and x = 1/2 y - 1/2 are said to be.
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Non linear functions
Inverse functions
Step functions
All the above
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