MCQ 11 MarkStatistics in singular sense includes:ACollection of data.BOrganisation of data.CPresentation of data.✓All of the above.AnswerCorrect option: D. All of the above.View full question & answer→
MCQ 21 MarkDistrust of Statistics is due to:✓Misuse of Statistics.BInsufficient Statistical Methods.CLack of Scope of Statistics.DLimitations of Statistics.AnswerCorrect option: A. Misuse of Statistics.View full question & answer→
MCQ 31 MarkStatistics is the science of analyzing:AAny Kind of Data.BQualitative Data.✓Quantitative Data.DImaginative data.AnswerCorrect option: C. Quantitative Data.View full question & answer→
MCQ 41 MarkStatistical data are affected by $..........$ cause$/$ causes.Aa single.✓multiple.CEither $(a)$ or $(b).$DAll of these.AnswerCorrect option: B. multiple.View full question & answer→
MCQ 51 MarkWhen economic facts are expressed in statistical terms they become:AVague.✓Exact.CConvincing.DFutile.AnswerCorrect option: B. Exact.View full question & answer→
MCQ 61 MarkWhat implication$(s)$ does resource scarcity has for the satisfaction of wants?✓Not all wants can be satisfied.BThe discovery of new natural resources is necessary to increase our ability to satisfy wants.CWe will never be faced with the need to make choices.DWe must develop ways to decrease our individual wants.AnswerCorrect option: A. Not all wants can be satisfied.View full question & answer→
MCQ 71 MarkStatistics in a singular sense means:AStatistical data.✓Statistical methods.CInductive statistics.DDescriptive statistics.AnswerCorrect option: B. Statistical methods.View full question & answer→
MCQ 81 MarkWhich of the following indicates a stage of statistical study?ACollection of data.BPresentation of data.CAnalysis of data.✓All of these.AnswerCorrect option: D. All of these.View full question & answer→
MCQ 91 MarkWhich of the following statements is not an example of Statistics?ABirth rate in India is 18 per thousand as compared to 8 per thousand in the US.✓Ramesh has a ₹ 100 note in his pocket.COver the last 10 years, India has won 60 text matches in cricket and lost 50.DAverage pocket allowance of the students of Class XI is ₹ 500 per month.AnswerCorrect option: B. Ramesh has a ₹ 100 note in his pocket.Ramesh has a ₹ 100 note in his pocket.View full question & answer→
MCQ 101 MarkThe aggregate of data is called:✓Statistics.BEditing of data.CAnalysis of data.DCollection of data.AnswerCorrect option: A. Statistics.View full question & answer→
MCQ 111 MarkKshitij is employed in a Multi-National Company (MNC) as a Marketing Executive. He is a _________.Aproducer.Bconsumer.Cservice-provider.✓service-holder.AnswerCorrect option: D. service-holder.service-holder.View full question & answer→
MCQ 121 MarkWhich of the following is not a stage in statistical study?AOrganization of Data.BPresentation of Data.✓Publication of Data.DInterpretation of data.AnswerCorrect option: C. Publication of Data.View full question & answer→
MCQ 131 MarkDistrust of statistics is due to:✓Misuse of statistics.BInsufficient statistical methods.CScope of statistics is limited.DLimitations of statistics.AnswerCorrect option: A. Misuse of statistics.View full question & answer→
MCQ 141 MarkThe proper use of statistics can be made by:ACheatsBEveryone✓ExpertsDCommon ManAnswerCorrect option: C. ExpertsView full question & answer→
MCQ 151 MarkStatistics as a singular noun means:AInductive Statistics.✓Statistical Methods.CDescriptive Statistics.DStatistical Data.AnswerCorrect option: B. Statistical Methods.View full question & answer→
MCQ 161 Mark$..........$ is the root cause of economic problem.AUnlimited wants.✓Scarcity.CAlternate uses of resources.DBoth $(a)$ and $(b).$AnswerCorrect option: B. Scarcity.View full question & answer→
MCQ 171 MarkStatistical methods help to:AAnalyse economic problems.BFormulate policies to solve them.CFind economic relationships.✓All the above.AnswerCorrect option: D. All the above.View full question & answer→
MCQ 181 MarkAn economic problem arises because:AHuman wants are unlimited.BMeans are limited.CResources have alternate uses.✓All of the above.AnswerCorrect option: D. All of the above.View full question & answer→
MCQ 191 MarkWhat is the root cause of all economic problems?✓Scarcity.BExcess Demand.CExcess Supply.DDeficient Demand.AnswerCorrect option: A. Scarcity.View full question & answer→
MCQ 201 MarkStatistics facilitates:✓Comparison of data.BCollection of data.COrganisation of data.DDisposal of data.AnswerCorrect option: A. Comparison of data.View full question & answer→
MCQ 211 MarkThe word 'Statistics' is used as:ASingular.BPlural.✓Singular and Plural both.DNone of the above.AnswerCorrect option: C. Singular and Plural both.View full question & answer→
MCQ 221 Mark_________ is the process through which the total income generated in the country is distributed among the factors of production in the form of rent, wages, interest or profit.AProduction.BConsumption.✓Distribution.DInvestment.AnswerCorrect option: C. Distribution.Distribution.View full question & answer→
MCQ 231 MarkStatistics is defined in terms of numerical data in the:ASingular Sense.✓Plural Sense.CEither (a) or (b).DBoth (a) and (b).AnswerCorrect option: B. Plural Sense.Plural Sense.View full question & answer→
MCQ 241 MarkStatistics as a plural noun indicates:AStatistical methods.BDescriptive statistics.✓Statistical data.DInductive statistics.AnswerCorrect option: C. Statistical data.View full question & answer→
MCQ 251 MarkWho is known as father of economics?AMarshall.✓Adam Smith.C$JB$ Say.DRobbins.AnswerCorrect option: B. Adam Smith.View full question & answer→
MCQ 261 MarkWhich of the following statement can be called Statistics?AIn our school there are 5000 students.✓India has per capita income of ₹ 20,000 p.a.CUSA is the richest country in the world.DTechnology of Japan is very advanced.AnswerCorrect option: B. India has per capita income of ₹ 20,000 p.a.India has per capita income of ₹ 20,000 p.a.View full question & answer→
MCQ 271 MarkThe law of scarcity:ADoes not apply to rich, developed countries.✓Implies that consumer's wants will never be completely satisfied.CApplies only to the less developed countries.DImplies that consumer's wants will be satisfied in a socialistic system.AnswerCorrect option: B. Implies that consumer's wants will never be completely satisfied.View full question & answer→
MCQ 281 MarkStudy of the distribution of the Gross Domestic Product is called:AThe study of production.BThe study of consumption.✓The study of distribution.DNone of these.AnswerCorrect option: C. The study of distribution.View full question & answer→
MCQ 291 Mark$...........$ of data is the last stage of statistical study.APresentation.BAnalysis.✓Interpretation.DNone of these.AnswerCorrect option: C. Interpretation.View full question & answer→
MCQ 301 MarkOut of the numerical examples mentioned below, which can be considered as statistics?AThe sale of firm A is 70,000 tonnes.BThe cost of AC was ₹ 25,000 in the month of April.✓Ram got 12% more marks than Shyam.DIn India, the death rate in 2001 was 8.7 per thousand.AnswerCorrect option: C. Ram got 12% more marks than Shyam.Ram got 12% more marks than Shyam.View full question & answer→
MCQ 311 MarkThe process of converting raw material into goods is called:✓ProductionBSavingCInvestmentDExchangeAnswerCorrect option: A. ProductionView full question & answer→
MCQ 321 MarkOne who produces a commodity to satisfy the human wants is called a:✓Producer.BConsumer.CSeller.DBuyer.AnswerCorrect option: A. Producer.View full question & answer→
MCQ 331 MarkStatistics helps to present facts in a $..........$ form.Adefinite.Bvague.Csimple.✓Both $(a)$ and $(c).$AnswerCorrect option: D. Both $(a)$ and $(c).$View full question & answer→
MCQ 341 MarkThe statistics is concerned with:✓Aggregate of organised facts.BAggregate of disorganised facts.CAggregate of useless facts.DAggregate of unrelated facts.AnswerCorrect option: A. Aggregate of organised facts.View full question & answer→
MCQ 351 MarkWhich of the following statement is true?AStatistics deals with all kinds of data.BStatistics can be used by one and all.CIt is very difficult to misuse statistics.✓Statistics can mould data to make god or devil from it.AnswerCorrect option: D. Statistics can mould data to make god or devil from it.View full question & answer→
MCQ 361 MarkStatistics is the science of analysing:AQualitative data.✓Quantitative data.CAny kind of data.DBoth $(a)$ and $(b).$AnswerCorrect option: B. Quantitative data.View full question & answer→
MCQ 371 MarkIn singular sense Statistics means:AStatistical science.BStatistical law.✓Both $(a)$ and $(b).$DNone of these.AnswerCorrect option: C. Both $(a)$ and $(b).$View full question & answer→
MCQ 381 MarkThe scope of statistics extends to:AEconomics.BIndustry.CGovernment.✓All of these.AnswerCorrect option: D. All of these.View full question & answer→
MCQ 391 MarkWhich economist shifted the emphasis of economics from wealth to welfare?✓Marshall.BAdam Smith.CJ B Says.DRobbins.AnswerCorrect option: A. Marshall.Marshall.View full question & answer→
MCQ 401 MarkFrom the given activities, which activity is called non$-$economic activity?AServices rendered by a teacher.✓Organising a free blood donation camp.CA tourist guide rendering services.DManufacturing shirt with the help of cloth and tailoring.AnswerCorrect option: B. Organising a free blood donation camp.View full question & answer→
MCQ 411 Mark$...........$ is the process through which consumers satisfy their wants by the use of goods and services.ADistribution.BProduction.✓Consumption.DNone of the above.AnswerCorrect option: C. Consumption.View full question & answer→
MCQ 421 MarkWho among the following, is engaged in an economic activity?AA farmer growing wheat for self$-$consumption.BA father buying books for his children.CA person going to a temple.✓Both $(a)$ and $(b).$AnswerCorrect option: D. Both $(a)$ and $(b).$View full question & answer→
MCQ 431 MarkWhich activity is the base of all production activities?AProduction.✓Consumption.CInvestment.DExchange.AnswerCorrect option: B. Consumption.View full question & answer→
MCQ 441 MarkWhich of the following statements is incorrect?AResources have alternative uses.✓All numbers are Statistics.CMacroeconomics studies large aggregates.DStatistics studies only the aggregates of quantitative facts.AnswerCorrect option: B. All numbers are Statistics.View full question & answer→
MCQ 451 MarkIn plural sense, which of the following is not a characteristic of Statistics?AAggregate of data.✓Only expressed in words.CAffected by multiplicity of causes.DCollected in a systematic manner.AnswerCorrect option: B. Only expressed in words.View full question & answer→
MCQ 461 Mark'Economics is a study of mankind in the ordinary business of life'. This definition of Economics is given by:✓Alfred Marshall.BAdam Smith.CProf. Robbins.DProf. Samuelson.AnswerCorrect option: A. Alfred Marshall.View full question & answer→
MCQ 471 MarkWhich of the following statement does not hold true as one of the characteristic of statistics?AStatistics are aggregates of facts.✓Statistics can be affected even by an individual variable.CStatistics are collected in a systematic manner.DStatistics are collected for a pre$-$determined purpose.AnswerCorrect option: B. Statistics can be affected even by an individual variable.View full question & answer→
MCQ 481 MarkUniverse in Statistics means:AAll celestial bodies.BPeople living on the earth.✓People or things about which we are conducting a study or survey.DAll of the above.AnswerCorrect option: C. People or things about which we are conducting a study or survey.View full question & answer→
MCQ 491 MarkThe word ‘statistics’ is used as:✓SingularBPluralCSingular and Plural bothDNoneAnswerCorrect option: A. SingularView full question & answer→
MCQ 501 MarkIn relation to the means to satisfy them, human wants are always $..........$AMeagre.BScarce.CSufficient.✓Unlimited.AnswerCorrect option: D. Unlimited.View full question & answer→