# 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

Appeared in Year: 2017

### 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

Appeared in Year: 2014

### 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

Appeared in Year: 2019

### 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

Appeared in Year: 2019

### 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 |