MCQ 511 MarkStatistics means:AQuantitative facts.BQualitative facts.✓Both $(a)$ and $(b).$DNone of these.AnswerCorrect option: C. Both $(a)$ and $(b).$View full question & answer→
MCQ 521 MarkStatistical data are used for knowing about the progress in the:ATechniques of production.BVolume of production.CImports and exports.✓All of the above.AnswerCorrect option: D. All of the above.View full question & answer→
MCQ 531 MarkWhich of the following is an economic activity?AProductionBConsumptionCDistribution✓All of theseAnswerCorrect option: D. All of theseView full question & answer→
MCQ 541 MarkWhich economic activity deals with the use of goods and services for the satisfaction of human wants?✓Consumption.BExchange.CDistribution.DProduction.AnswerCorrect option: A. Consumption.View full question & answer→
MCQ 551 MarkWith regards to distrust of Statistics which of the following statements is not correct?AStatistics is a rainbow of lies.BStatistics are tissues of falsehood.✓Statistics express the facts in numbers.DThere are three kinds of lies$-$lies, damned lies and statistics.AnswerCorrect option: C. Statistics express the facts in numbers.View full question & answer→
MCQ 561 MarkWhich of the following is correct regarding Statistics?AAggregate of facts.BNumerically expressed.CAffected by multiplicity of causes.✓All of these.AnswerCorrect option: D. All of these.View full question & answer→
MCQ 571 MarkA teacher has taught one student who scored $95$ marks, she claims that her $100\%$ students have secured more than $90\%.$ What is she doing?AShe is presenting the data.BShe is publishing the data.CShe is interpreting the data.✓She is misusing the statistics.AnswerCorrect option: D. She is misusing the statistics.View full question & answer→
MCQ 581 MarkThe word 'statistics' is used as:ASingular.BPlural.✓Singular and Plural Both.DNone.AnswerCorrect option: C. Singular and Plural Both.View full question & answer→
MCQ 591 MarkThe resources available with the given producer are:ALimited.BHave alternative uses.CUnlimited.✓Both $(a)$ and $(b).$AnswerCorrect option: D. Both $(a)$ and $(b).$View full question & answer→
MCQ 601 MarkThe proper use of statistics can be made by:ACheats.BEveryone.CCommon Man.✓Experts.AnswerCorrect option: D. Experts.View full question & answer→
MCQ 611 MarkWhich of the following situations is the root cause of all economic problems?AMisallocation.✓Scarcity.CUnder consumption.DOver production.AnswerCorrect option: B. Scarcity.View full question & answer→
MCQ 621 MarkThe statistical study begins with collection of data and ends with:AOrganisation of data.BAnalysis of data.✓Interpretation of data.DNone of the above.AnswerCorrect option: C. Interpretation of data.View full question & answer→
MCQ 631 MarkWhich definition was given by Adam Smith?AWelfare Definition.BScarcity Definition.✓Wealth Definition.DGrowth Oriented Definition.AnswerCorrect option: C. Wealth Definition.View full question & answer→
MCQ 641 MarkWho produces goods and services for the generation of income?AConsumer.✓Producer.CBoth $(a)$ and $(b).$DNone of the above.AnswerCorrect option: B. Producer.View full question & answer→
MCQ 651 MarkStatistics in a plural sense indicates:✓Statistical data.BStatistical methods.CInductive statistics.DDescriptive statistics.AnswerCorrect option: A. Statistical data.View full question & answer→
MCQ 661 MarkIn which process, raw material is converted into end products having utility?AConsumption.✓Production.CInvestment.DExchange.AnswerCorrect option: B. Production.View full question & answer→
MCQ 671 Mark"In statistics, homogeneity of data is not an essential requirement." The given statement is:ATrue.✓False.CPartly true.DNone of these.AnswerCorrect option: B. False.View full question & answer→
MCQ 681 MarkStatistics as a singular noun means:AStatistical data.✓Statistical methods.CInductive statistics.DDescriptive statistics.AnswerCorrect option: B. Statistical methods.View full question & answer→