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PPSC Economics Chapter 13 Mathematics in Economics MCQs With Answers
Question # 1
"No two elements of a set are identical" this statements is.
Choose an answer
Always true
Sometimes true
Not true
All of the above is possible
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Question # 2
The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.
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Y intercept of the curve
Slope of the curve
X intercept of the curve
Marginal value
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Question # 3
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 # 4
A variable which is free to take any value we choose to assign to it is called.
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Dependent variable
Independent variable
Endogenous variable
Explained variable
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Question # 5
The sufficient condition required for the matrix to posses inverse is that the matrix should be.
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square matrix
Singular matrix
Non singular matrix
Orthogonal matrix
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Question # 6
A square matrix a such that A2 = a is called.
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Orthogonal matrix
Skew symmetric matrix
Idempotent matrix
Singular matrix
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Question # 7
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 # 8
A matrix with all elements zero other than all the diagonals is called.
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Diagonal matrix
Orthogonal matrix
Unit matrix
Column vector
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Question # 9
Union of A with B is same as union of B with A, that is AUB = BUA is termed as
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Associative law of union
Cumulative law of union
Reflective law
All the above
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Question # 10
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.
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Dependent variable
independent variable
Endogenous variable
Explained variable
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Question # 11
(A+B) = (B+A) this law of matrices is known as.
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Cumulative law
Associative law
Distributive law
Identity law
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Question # 12
The elements in the Horizontal line in a matrix is called.
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Columns
Rows
Elements
Diagonal
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Question # 13
"Null set is proper subset of all the non nul sets" this statement is.
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Always true
sometimes true
Never true
True subject to some conditions
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Question # 14
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 # 15
(A+B) + C =a +(B+C) This law of matrices is known as.
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Cumulative law
Associative law
Distributive law
Identity law
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Question # 16
A set containing all the elements of the universal set except those of set A is called.
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Complement of set A
Complement of universal set
Union of A and universals set
Universal set itself
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Question # 17
Union of A and the universal set is
Choose an answer
A
A'
Universal set
None of these
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Question # 18
if A = A , then A is
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Symmetric matrix
Skew symmetric matrix
Identity matrix
Orthogonal matrix
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Question # 19
The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5
Choose an answer
p = 9 and q = 7
p = 10 and q = 7
p = 9 and q = 8
p = 7 and q = 9
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Question # 20
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 # 21
If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .
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Equal
Zero
One
Negative related
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