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Step towards making a project - class-XI

Description: step towards making a project
Number of Questions: 83
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Tags: some mathematical tools used in economics basic statistics for economics economics
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Statistics studies _________ information.

  1. qualitative

  2. quantitative

  3. isolated

  4. nominal


Correct Option: B
Explanation:

Statistics deals with collection, organisation, analysis and interpretation of numerical data, thus, the data here is quantitative. It is a branch of mathematics used for research and drawing conclusions from quantitative data.

Statistics is affected by _________ of facts.

  1. isolation

  2. multiplicity

  3. fraction

  4. None of these


Correct Option: B

Statistics are _________ of facts.

  1. average

  2. isolation

  3. aggregate

  4. multiplication


Correct Option: C

Statistics is a __________.

  1. science

  2. art

  3. language

  4. mathematics


Correct Option: A

The term statistics is derived from the ______ word which means status.

  1. Greek

  2. Latin

  3. Arabic

  4. Sanskrit


Correct Option: B

State whether the following statements are True or False.
Statistics is a science.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics does not deal with Interpretation of Data.

  1. True

  2. False


Correct Option: B

State whether the following statements are True or False.
Statistics present data in a precise manner.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics is affected by multiplicity of causes.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics is affected by the multiplicity of causes.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics cannot be used in research.

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
Statistics is useful only to the economists.

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
All statistics are numerical statement of facts.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistical laws are not mathematically correct.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics has importance in economics.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics is numerically expressed.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics is not useful to the Government

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
Statistics cannot be used for the comparison of data.

  1. True

  2. False


Correct Option: B

_________ method covers each and every item of the population.

  1. sample

  2. census

  3. Questionnaire

  4. Interview


Correct Option: B

__________ data is collected by someone else and used by the investigator.

  1. Primary

  2. Secondary

  3. Subsidiary

  4. Confidential


Correct Option: B

________ refers to order arrangement of data in ascending or descending order.

  1. Frequency Polygon

  2. Frequency Array

  3. Class Frequency

  4. Class Interval


Correct Option: B

In ________ method, there are no chances of errors.

  1. census

  2. sample

  3. questionnaire

  4. interview


Correct Option: A

Publication of NASA is a ______publication.

  1. official

  2. private

  3. public

  4. international


Correct Option: A

The data collected by the investigator for the first time is called _______ data.

  1. primary

  2. secondary

  3. tertiary

  4. subsidiary


Correct Option: A

Fill in the blanks from the alternatives given in the brackets.
Random sampling is sampling by _________.

  1. chance

  2. choice

  3. purpose

  4. quota


Correct Option: A

Fill in the blanks from the alternatives given in the brackets.
1. Primary data is _______ data.

  1. first hand

  2. second hand

  3. processes

  4. primary


Correct Option: A

Lottery method is an example of _______ sampling.

  1. deliberate

  2. random

  3. census

  4. None of these


Correct Option: B

State whether the following statement is true or false.
Questionnaire method has no limitations.

  1. True

  2. False


Correct Option: B

State whether the following statement is true or false.
Primary data is original in nature.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Census survey is more accurate than the sample survey.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Census method is very reliable.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
World Bank report is a foreign publication.

  1. True

  2. False


Correct Option: A

The extreme values of the classes are called _________.

  1. class-mark

  2. tally mark

  3. class-limit

  4. class-frequency


Correct Option: C

State whether the following statement is true or false.
There are no official publications of government.

  1. True

  2. False


Correct Option: B

______ method is the slowest of all methods of collecting data.

  1. Questionnaire

  2. Interview

  3. indirect oral investigation

  4. simple


Correct Option: A

In _______  method, class intervals overlap each other.

  1. inclusive

  2. exclusive

  3. variate

  4. None of these


Correct Option: B

State whether the following statement is true or false.
Secondary data is more reliable.

  1. True

  2. False


Correct Option: B

The maximum value a correlation coefficient can have is

  1. 0

  2. -1

  3. 1

  4. 0.1


Correct Option: C

State whether the following statement is true or false.
The height of a person is qualitative.

  1. True

  2. False


Correct Option: B

State whether the following statement is true or false.
Indirect investigator is useful for the enquiry of complex problems.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Questionnaire method is used to collect secondary data.

  1. True

  2. False


Correct Option: B

State whether the following statement is true or false.
Larger the size of samples, greater will be the accuracy.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Collection of primary data is time consuming.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Lottery method is an example of random sampling.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Secondary data is original data.

  1. True

  2. False


Correct Option: B

If P(A)3/8, P(B)5/8, and P(A \ B)3/4, find P(B/A).

  1. 2/5

  2. 3/5

  3. 2/3

  4. 4/5


Correct Option: C

State whether the following statement is true or false.
Statistics deals with the interpretation of data.

  1. True

  2. False


Correct Option: A

_______ is a point of reference in comparing various data describing individual behaviour.

  1. Sample

  2. Base period

  3. Estimation

  4. None of above


Correct Option: B

In a grouped data, the number of classes preferred are __________.

  1. maximum possible

  2. adequate

  3. minimum possible

  4. any arbitrarily chosen numbers


Correct Option: B

What is the objective of analysis of any time series?

  1. To study of past behaviour of data

  2. To forecast for future

  3. Both (A) and (B)

  4. None of above


Correct Option: C

If the period of variations is less than one year, then these are known as _______.

  1. Random variations

  2. Cyclical variations

  3. Seasonal Variations

  4. (B) or (C)


Correct Option: C

The Additive Model of a time series is expressed as :

  1. $Y _{t} = T _{t} \times C _{t} \times S _{t} \times R$

  2. $Y _{t} = T _{t} - C _{t} - S _{t} - R _{t}$

  3. $Y _{t} = T _{t} + C _{t} + S _{t} + R _{t}$

  4. $Y _{t} = T _{t}\cap C _{t} \cup S _{t} \cup R _{t}$


Correct Option: C

If the period of variations is more than one year, then the variations are termed as __________.

  1. Random variations

  2. Cyclical variations

  3. Seasonal variations

  4. (b) or (c)


Correct Option: B

A time series may be defined as ________.

  1. A sequence of repeated measurement of variables made periodically through time

  2. A collection of readings belonging to different time period of same economic variable or composite of variables

  3. Statistical data which are collected, recorded over successive increments

  4. All of above


Correct Option: D

If the lower and upper limits of a class are 20 and 30 respectively, the mid point of the class is _________.

  1. 25.0

  2. 25.5

  3. 24.5

  4. none of them


Correct Option: A

A grouped frequency distribution with uncertain first or last classes is known as _________.

  1. discrete frequency distribution

  2. inclusive class distribution

  3. open end distribution

  4. exclusive class distribution


Correct Option: C

Descriptive statistics is?

  1. The number of adjectives.

  2. About where or not you can generalize from a sample.

  3. The methods used to describe the essential characteristics of the data.

  4. All of the things.


Correct Option: C

The class interval of the following continuous grouped data is
0-9    10-19     20-29     30-39     40-49
5           8           12           15           4

  1. 10

  2. 9

  3. 24.5

  4. none of them


Correct Option: A

Which of the following statements containing results of India's recent Census is not correct?

  1. Kerala has about 94% literacy, the highest in India.

  2. The sex ratio in India is 940.

  3. Male literacy is lower than female literacy in seven most developed states.

  4. Uttar Pradesh is the most populous State in India.


Correct Option: D

Population that are limited in size are referred to as __________.

  1. finite populations.

  2. infinite populations.

  3. census method.

  4. none of the above


Correct Option: A
Explanation:

Population refers to the whole group of objects or individuals present for the purpose of collecting data. Population can be finite i.e. it can be easily calculated for example: Number of students in a classroom.

Examples of infinite population__________.

  1. the stars in the sky and the cars in a town

  2. the stars in the sky and the books in a library

  3. the cars in a town and the books in a library

  4. output from a machine and births of insect


Correct Option: D
Explanation:

Infinite population refers to the population that cannot be calculated easily i.e. they are unlimited in size. Example : births of insect, as one cannot calculate the birth of insects easily.

Which of the following are important laws on which sampling is based?
I. Law of statistical regularity
II. Law of Inertia of large numbers
Ill. Law of Inertia of small numbers
IV. Law of Statistical irregularity

  1. Both II and IV 

  2. Both Ill and IV 

  3. Both I and II

  4. Both I and Ill 


Correct Option: C
Explanation:

Sampling is based basically on two laws i.e. law of statistical regularity which states that data can be collected easily and that ensures regularity and also law of inertia of large numbers as sampling can be done with the small section of population.

To prevent frauds in multiple mortgage cases, under SARFAESI Act, 2002, one special thing has been created and made operative from 01-04-2011. Which one is that from the following? 

  1. Special Register Office at Lucknow

  2. Special Central Arbitration Bureau at Lucknow

  3. Central SARFAESI Tribunals at six centres

  4. Central Electronic Registry


Correct Option: D

Which of the following statement is not correct?

  1. The money spent on the sample in collecting information is more than that is spent on population

  2. In an under developed economy, census method cannot be adopted because of the heavy cost

  3. The accuracy of the census method is tested by the information obtained by the sample method

  4. The error that occur in the study of the sample may be determined and steps may be taken to reduce it


Correct Option: A
Explanation:

As population is large in size as compared to samples. So, the money spent on gathering information through census is a costly affair than sampling.

A general rule is that a sample is to be replaced if the size of the sample ________.

  1. exceeds 2% of the population size

  2. exceeds 3% of the population size

  3. exceeds 4% of the population size

  4. exceeds 5%of the population size


Correct Option: D
Explanation:

General rule for the efficient sampling is that it should not exceed 5% of the population and if it exceeds,  then the sample needs to get replaced with the determination of the new sample.

Assertion (A) : In India, census is undertaken only once in five years.
Reason (R) : Taking census is a costly affair.

Which of the following is the correct assertion and its reason?

  1. (A) and (R) are true, and (R) is the correct explanation of (A).

  2. (A) and (R) are true, but (R) is not the correct explanation of (A).

  3. (A) is true but (R) is false.

  4. (A) is false but (R) is true.


Correct Option: D
Explanation:

In India, census is conducted in every ten years to get the correct estimation of its population though taking census is a very costly and time consuming process .

Expand the term BCBS.

  1. Bank's Committee on Banking Supervision

  2. Basel Committee on Banking Supervision

  3. Bank's Commission on Banking Supervision

  4. Basel Commission on Banking Supervision


Correct Option: D

Fill in the blanks with appropriate substitute given in the brackets.
Statistics involve collection of _________.

  1. diagrams

  2. laws

  3. graphs

  4. data


Correct Option: D

________ is the difference between the upper and the lower limit of the class.

  1. Class Interval

  2. Class Tally

  3. Class Frequency

  4. Class Mark


Correct Option: A
Explanation:

The difference between the upper and  lower limit of class is the class interval.
Example class interval 10-20, here 10 is the lower limit and 20 is the upper limit.

Time series is an important statistical technique which is widely used by __________.

  1. business executives

  2. financial analysts

  3. economists

  4. all of above


Correct Option: D

Time series is an important statistical technique which is widely used by _________.

  1. Scientists

  2. Sociologists

  3. Research workers

  4. All of above


Correct Option: D

The distribution.
Values (less than)               20  25   30   35  40  45  50
Frequency is of the type     5   12    15   20  15   10   5 

  1. exclusive class type

  2. discrete type

  3. inclusive class type

  4. none of them


Correct Option: A

The Multiplicative Model of a time series is expressed is :

  1. $Y _{t} = T _{t} \times C _{t} \times S _{t} \times R$

  2. $Y _{t} = T _{t} - C _{t} - S _{t} - R _{t}$

  3. $Y _{t} = T _{t} + C _{t} + S _{t} + R _{t}$

  4. $Y _{t} = T _{t}\cap C _{t}\cup S _{t} \cup R _{t}$


Correct Option: A

Paasche was _________.

  1. an English mathematician

  2. a French economist

  3. a German statistician

  4. none of the above


Correct Option: C

Time series is an important statistical technique because of :

  1. It helps to understand the past behaviour of data and enables the users to forecast the future behaviour

  2. It enables the users to compare the actual performance with the expected performance and analyze the different causes of variation

  3. It is helpful is planning the future operations

  4. All of above


Correct Option: D

Statistics is essential to psychologist s because

  1. People differ a lot and in many respects.

  2. It is compulsory

  3. People's experience are much the

  4. By using statistic psychologist can calm to be the cleverest researchers


Correct Option: A

Where conclusion are taken out on the basis of estimates regarding the population. It is___________type of statistics.

  1. Inductive statistics

  2. Descriptive statistics

  3. Applied statistics

  4. None of the above


Correct Option: D

A specific characteristic of a sample is known as 

  1. Sample

  2. Parameter

  3. Statistic

  4. Information.


Correct Option: C

A specific characteristic of a population is known as a __________.

  1. Sample

  2. Parameter

  3. Statistic

  4. Descriptive statistic


Correct Option: B

A procedure used to select a sample of n objects from a population in such a way that each member of the population is chosen strictly by chance, each member of the population is equality likely to be chosen, and every possible sample of a given size, n, has the same chance of selection is known as 

  1. Statistic thinking

  2. Inferential statistic

  3. Descriptive

  4. All of the above


Correct Option: D

The definition of statistics explaining statistics to be the collection, presentation, analysis and interpretation of numerical data was given by?

  1. A.L.Bowley

  2. Lovin

  3. Hing

  4. Coxton and Cowdon


Correct Option: D

Analysis of variance technique is normally used when ________. 
i. Number of samples are more than two
ii. All the samples follow Independent normal distribution with equal variance

  1. Only (i) is true

  2. Only (ii) is true

  3. Both (i) and (ii) are true

  4. Neither (i) nor (ii) is true


Correct Option: C
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