PPSC Economics Topic 13 MCQS Test Preparation

If you have completed your higher education in the economy subject and now are looking to start your professional career through PPSC then you are at the right place now. The team of Ilmkidunya offers you online MCQs tests of economics subject. Candidates can find Topic -wise tests and full book tests. For every single Topic  or category, separate sections are designed. Here on this page candidates can find the MCQS PPSC test for Topic  13.

MCQ's Test For PPSC Economics Topic 13 Mathematics in Economics

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PPSC Economics Topic 13 Mathematics in Economics

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Question # 1

If two sets contain the same distinct elements, then they are called.

Question # 2

The set which contains all the element of the two given sets A and B, avoiding duplication, is called.

Question # 3

A square matrix with 1's in its principal diagonal and zeros every where else is.

Question # 4

A determinant composed of all the first order partial derivatives of a system of equations, arranged in ordered sequence is called.

Question # 5

Ordered Pairs of two sets are called.

Question # 6

The value of the dependent variable where the graph cuts the y-axis is called.

Question # 7

If every element of a raw of column of a square matrix A is zero, then the value of the determinant. is.

Question # 8

In Vann diagram the universal set is represented by

Question # 9

A possible use in economies for the circle of the ellipse is to model.

Question # 10

The simplest form of rectangular hyperbola is

Question # 11

If all the elements of a matrix of any order are zero, it is called.

Question # 12

A positive definite Hessian fulfills the second order conditions for

Question # 13

Relation between two numbers or variables are called.

Question # 14

The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.

Question # 15

if two sets do not have any common element, then they are called.

Question # 16

A matrix with all elements zero other than all the diagonals is called.

Question # 17

An equation in which all variables are raised to the first power is known as.

Question # 18

The signed minor of the matrass A is called.

Question # 19

The set of subsets of a set A is called.

Question # 20

The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5

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Economics
13th Chapter

PPSC Economics Chapter 13 Test

Here you can prepare PPSC Economics Chapter 13 (Mathematics For Economics) Test. Click the button for 100% free full practice test.

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PPSC Economics Chapter 13 Important MCQ's

Sr.# Question Answer
1 The simplest form of rectangular hyperbola is
A. y = 1/x
B. y = x2
C. y = x-2
D. y = x3
2 If the determinant formed by the elements of the matrix is not equal to zero, then the matrix is called.
A. Skew symmetric
B. Symmetric
C. Singular
D. Non -singular
3 The set of all elements belonging to A but not to B is.
A. B - A
B. A - B
C. A'
D. B'
4 If two sets contain the same distinct elements, then they are called.
A. Equal sets
B. Unequal sets
C. Equivalent sets
D. All of the above
5 The matrix A multiplies by its inverse will b e a.
A. Identity matrix
B. Skew symmetric matrix
C. Idempotent matrix
D. Adjoin of a matrix
6 The set of subsets of a set A is called.
A. Power set of A
B. Complement of A
C. Both a and b
D. None of these
7 The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.
A. Y intercept of the curve
B. Slope of the curve
C. X intercept of the curve
D. Marginal value
8 If any equation involving two variables, such as y -=2x + 1, the variable that appears on the right hand side of the equation is by convention called.
A. Dependent variable
B. independent variable
C. Endogenous variable
D. Explained variable
9 If each element of a raw or column is a sum of two elements, the determinant can be expressed as the
A. Sun of two determinants
B. Difference of two determinants
C. Multiplication of two determinants
D. Division of two determinants
10 In a matrix , if there is only one row but any number of columns, it is called.
A. Row matrix
B. Column matrix
C. Raw vector
D. Both a and c

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