If any cartel has full control over all firms in an industry, it can operate as:

• A) Perfectly competitive firm
• B) Monopoly firm
• C) Duopoly firm
• D) Oligopoly firm

With reference to game theory, In which of the following games, players decide about their strategy choices at the same time?

• A) Sequential games
• B) Non-repeated games
• C) Repeated games
• D) Simultaneous games

Stackelberg model was developed in:

• A) 1932
• B) 1936
• C) 1930
• D) 1934

Game theory can simply be illustrated with the help of:

• A) Prisoner’s dilemma
• B) Monopoly power
• C) Regression analysis
• D) Moving averages

With reference to game theory, a game that involves potential for mutual gains is referred as:

• A) Positive-sum game
• B) Non cooperative game
• C) Zero – sum game
• D) Negative-sum game

An equilibrium that predicts the outcome of non-cooperative games is called as:

• A) Nash equilibrium
• B) Classical equilibrium
• C) Keynesian equilibrium
• D) Market equilibrium

In a game theory, the outcome and consequence of each strategy is known as:

• A) Player
• B) Variable
• C) Payoff
• D) Loss

With reference to game theory, In which of the following games, players decide about their strategy choices in a sequence?

• A) Simultaneous games
• B) Non-repeated games
• C) Sequential games
• D) Repeated games

From given isoprofit function: QY\, = \,\Pi /b\, - \,a/b\,QX slope of this function will be:

• A) b
• B) -b/a
• C) -a/b
• D) a

The concept of the prisoners' dilemma can be used to analyze:

• A) Monopoly power in monopoly markets
• B) Only non price competition in oligopolistic markets
• C) Both price and non price competition in oligopoly markets
• D) Only price competition in oligopolistic markets

Market structure which is dominated by few strategically interdependent firms is known as:

• A) Monopoly
• B) Oligopoly
• C) Perfect competition
• D) Monopolistic competition

In Game theory approach, Game which is played again and again without any boundary or limit is known as:

• A) Non-repeated game
• B) Sequential game
• C) Infinitely repeated game
• D) Finitely repeated game

In Game theory approach, Game which is played repeatedly over a period of time is known as:

• A) Non-repeated game
• B) Repeated game
• C) Sequential game
• D) Simultaneous game

If oligopoly firm is producing homogenous product, it is known as:

• A) Differentiated oligopoly
• B) Pure oligopoly
• C) Monopoly
• D) Triopoly

Which of the following is /are types of games in game theory?

• A) Zero - sum game
• B) All of the given options
• C) Positive - sum game
• D) Negative - sum game

If the starting date of the data set is 2000 and the ending is 2020 and no of cross-sectional units is 7 then which of the following is true?

• A) There are 149 no. Of observations.
• B) There are 146 no. Of observations.
• C) There are 147 no. Of observations.
• D) There are 148 no. Of observations.

Let us assume that Y0 = $100 in a passbook account in a bank and r = 0.06, or 6 percent. By using the compound interest rate formula the amount of growth at second year will be:

• A) Y1 = 112.36
• B) Y1 = 104
• C) Y1 = 106
• D) Y1 = 108

In which of the following there exists theoretical relationship?

• A) All of the given options.
• B) The relationship between inflation and unemployment.
• C) The relationship between inflation and no.of birds.
• D) The relationship between GDB and no.of birds.

If we have the following two models: Model C: Y = α1 + α2X2 + α3X3 + u Model D: Y = β1 + β2Z2 + β3Z3 + v Which one of the following is true?

• A) All of the given options.
• B) Model C is nested in Model D.
• C) Model C is non-nested in Model D.
• D) Model D is nested in Model C.

Which one of the following is used to check the structural break point in the data set if it is not known in advance?

• A) Recursive Least Square regression.
• B) Chow test.
• C) Chi-square test.
• D) F-test.