Simultaneous Equation Models [NTA-NET (Based on NTA-UGC) Economics (Paper-II)]: Questions 1 - 4 of 5

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Question number: 1

» Simultaneous Equation Models » Single Equation Methods of Estimations » Indirect Least Squares and Least Variance Ratio

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Appeared in Year: 2017

MCQ▾

Question

Indirect least squares method of estimation is applied to equations of a simultaneous equation system. The estimates obtained will be

Choices

Choice (4)Response

a.

Unbiased and inconsistent

b.

Biased and consistent

c.

Biased and inconsistent

d.

Unbiased and consistent

Question number: 2

» Simultaneous Equation Models » Identification Problems and Conditions

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Appeared in Year: 2014

MCQ▾

Question

The technique is not used to estimate the over-identified system of simultaneous equations (June)

Choices

Choice (4)Response

a.

Ordinary least squares

b.

Instrumental variables

c.

Limited information maximum likelihood

d.

Two stage least squares

Question number: 3

» Simultaneous Equation Models » Structural and Reduced Forms

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Appeared in Year: 2019

MCQ▾

Question

A simultaneous equation model is exactly identified, if (June Paper-II)

Choices

Choice (4)Response

a.

Unique solution of all structural coefficients is not possible

b.

More than one numerical value can be obtained for some of the parameters of the structural equation

c.

Structural coefficient cannot be estimated

d.

Unique numerical values of structural parameters can be obtained

Question number: 4

» Simultaneous Equation Models » Identification Problems and Conditions

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Appeared in Year: 2019

MCQ▾

Question

Applying OLS to simultaneous equations results in the parameters being (June Paper-II)

Choices

Choice (4)Response

a.

Biased

b.

Biased and Inconsistent

c.

Inconsistent

d.

Inefficient

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