List of top Statistics for Economics Questions asked in IIT JAM EN

An individual faces an uncertain prospect, where wealth could be Rs. 10 Lakh with probability 0.75 and Rs. 7 Lakh with probability 0.25.
Let the utility function be U(w) = w³. Then the individual will buy full insurance by paying a premium of Rs. _____ Lakh (round off to 2 decimal places).

Suppose that the regression model is $Y_i =\beta_0 + \beta_1 X_{1i} + \beta_2 X_{2i} + \mu_i, i = 1, 2,..., n$. Which of the following null hypotheses could be tested using the F-test?