Match List-I with List-II:

List-I​	List-II​
(A) General Heteroscedasticity test	(I) Ramsey
(B) General test for auto correlation	(II) Hausman
(C) Test of simultaneity	(III) White
(D) General test of specification error	(IV) Breusch-Godfrey

Choose the correct answer from the options given below: 

​

Correct option is C

Correct Option: 3: (A)-(III), (B)-(IV), (C)-(II), (D)-(I)
Information Booster:
(A) General Heteroscedasticity test → (III) White test:

• White’s test is a general test for heteroscedasticity that does not assume a specific form of variance change.
  

(B) General test for auto correlation → (IV) Breusch-Godfrey:

• This LM test detects autocorrelation of any order, more general than Durbin-Watson.
  

(C) Test of simultaneity → (II) Hausman test:

• Used to check for endogeneity due to simultaneity bias by comparing IV and OLS estimates.
  

(D) General test of specification error → (I) Ramsey’s RESET test:

• Used to detect omitted variables, incorrect functional form, or other specification errors.