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CBSE Questions for Class 11 Commerce Economics Collection Of Data Quiz 2 - MCQExams.com
CBSE
Class 11 Commerce Economics
Collection Of Data
Quiz 2
The basis for all scientific sampling is ____________.
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simple random sampling
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systematic sampling
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stratified sampling
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cluster sampling
Explanation
Scientific sampling is a process in which individuals are chosen randomly that every individual present in the population has an equal chance of getting selected without any personal biasness i.e. simple random sampling.
The non-sampling errors may arise due to _________.
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defective methods of data collection
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defective methods of tabulation
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faulty definition
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all of the above
Explanation
The non sampling errors arise when the data values don't reflects the correct population i.e. researcher may use wrong method for collecting data or the defaultive method of tabulation.
The lottery method is_________.
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very expensive
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very easy
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time saving
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time consuming and cumbersome
Explanation
Lottery method can be time consuming if a large population or sample is involved in this and also it becomes a very tedious and ambiguous task.
Simple random sample gives __________.
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equal chance to all items in the population
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preferences to some items in the population
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equal chance to all items in national income
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both (B) and (C)
Explanation
Simple random sampling refers to the process when every individual present in the population has an equal chance of being selected without any personal judgement.
Simple random sampling can be classified into___________.
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proportionate and disproportionate sampling
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probability and non-probability sampling
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systematic and Stratified sampling
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lottery method and using the table as random numbers
Explanation
Simple random sampling can be further classified into lottery method and using the table as random numbers as every number has an equal opportunity of being selected without giving any preference to any particular number.
A technique by which each of the sample is given equal chance of being selected is known as _______.
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systematic sampling
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stratified random sampling
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simple random sampling
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cluster sampling
Explanation
In simple random sampling, every individual present in the economy has an equal chance of being selected i.e. randomly selected without giving any preference to some selected individuals or items.
The sampling error is ______ related to the size of the sample.
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directly
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positively
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inversely
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closely
Explanation
Result derived from the data collected through sampling is used for the generalisation of whole population. So, if the size of sample is less, the chance of error is high or vice versa.
The only method of eradicating all the sources of bias is that the ___________.
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selection must be made on random basis
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the items should be small
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there is assurance that every item will be treated equally
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good knowledge of the whole sample
Explanation
To eradicate the biasness in sampling, it is required that it should only be done randomly without giving preference to any particular item or an individual.
Examples of finite population is __________.
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output from a machine, births of insect.
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the books in library, the cars in a town.
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the cars in a town and the stars in the sky.
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the stars in the sky and the books in a library.
Explanation
Finite population refers to the population that can be ascertained easily i.e. they are not unlimited in size. Example of finite population : the books in a library, as it can be calculated easily and the cars in a town.
The process of studying and collecting information relating to the operation and responsibilities of a specific job is known as:
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Job evaluation
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Job analysis
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Job title
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Job identification
Explanation
Job Analysis is the process of gathering and analyzing information about the content and requirements of job as well as the context in which job are performed. It is the process of studying and collecting information relating to the operation and responsibilities of a specific job.
Which one of the following stages of the marketing research process is most expensive?
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Data analysis
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Data collection
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Developing the research plan
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Report writing
Explanation
Data collection refers to the collection of data from several sources for the purpose of research so that the sampling process can be carried forward easily. Therefore, it is one of the most expensive process as it is required to be collected from various sources.
The F-test is used to test the significance of the differences between/among ________.
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Two sample mean
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More than two samples mean
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Variance of two samples
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(B)and(C)
Schedules help us in collecting ________.
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secondary data
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qualitative data
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primary data
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none of the above
Explanation
Schedules refers to the chronological pattern of collecting data which helps us to collect primary data from the primary source for the purpose to analyse a certain situation.
Statistical data are collected only with____.
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100% perfection
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a reasonable degree of accuracy
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a reasonable degree of inaccuracy
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all of the above
Explanation
Statistical facts can be affected by multiple causes, there is a lot of scope for error to be embedded in the data collected, one reason is that people interviewed may be lying. There may be bias on the part of the interviewer etc. Thus large samples are taken to ensure error is reduced.
Economic data is generally released by _____.
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Planning commision
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NSSO
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Finance Ministry
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RBI
Explanation
NSSO stands for National Sample Survey Office. It is an organization under Ministry of Statistics, Government of India. Economic data is generally released by NSSO. It helps to provide information mainly for research purpose.
CSO Stands for_____.
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Civil Service organization
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Central Secretriate office
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Central Statistics Office
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Civil servants office
Explanation
CSO stands for Central Statistics Office. It is an agency under the Ministry of Statistics, Government of India. It helps to coordinate statistical activities in India. It is located in Delhi.
The estimation of consumer demand by questioning a sample of consumer is referred to as the _________________.
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consumer survey approach
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product survey approach
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selling approach
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marketing approach
Explanation
The estimation of consumer demand by questioning a sample of consumer is referred to as the consumer survey approach. Estimation of consumer demand helps to analyse consumer's behaviour.
The collection of statistical data must be in a _____ manner.
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careful
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syntematic
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careful and systematic
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arbitrary
Explanation
Data should try to be collected as accurately as possible to ensure that error is minimum. As there could be undesirable consequences if the the data that is full of errors is the foundation of future research.
Statistical data relating to any subject could be collected____.
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by actual counting
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by measurement
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by estimation
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any of the above
Explanation
Statistical data relating to any subject could be collected by any of the following- by actual counting, by measurement and by estimation. By a system of measuring a particular information, data could be collected by measurement. Whereas, by estimation, a point estimate is calculated to obtain a statistical data.
Some of the sources of published data are_______.
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ILO
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IBRD
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WFCO
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All of the above
Explanation
Some of the sources of published data are:
a) ILO stands for International Labour Organization.
b) IBRD stands for International Bank for Reconstruction and Development.
c) WFCO is also a source of published data.
Secondary data is the data collected ________________.
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by investigation
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from published sources
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by conducting survey
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Both A & C
Explanation
Secondary data is second hand data, it is data that has already been collected (likely with a different purpose in mind) and/or published.
How can s
tatistical data collected?
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Actual counting
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Estimation
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Measurement
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All of the above
When data is classified on the basis of attribute it is termed as________.
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Geographical
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Qualitative
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Chronological
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Both a&c
Explanation
When data is classified on the basis of attribute it is termed as qualitative data. Qualitative data highlights the quality of the information. Attribute gets the special emphasis in analysing the data.
After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the ______________.
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consumer survey approach
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observational approach
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consumer clinic approach
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product research approach
Explanation
After doing the thorough calculation of consumer demand by setting up stimulated stores, providing a sample of consumers with money, and then allowing them to purchase and keep the commodities they select in the stores is called the consumer clinic approach. It is also known as 'Laboratory type' experiment. By this approach, a sample of consumers is given a specific budget and asked to plan out their expenditure.
Data collected by research institutions is ________________.
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primary data
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secondary unpublished data
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secondary published data
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All of the above
Explanation
Primary data is also known as raw data. It is the first-hand information. Data collected or gathered by research institutions is primary data. Primary data is collected only for a specificc purpose.
Statistical data of estimation should ________________.
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be able to draw meaningful conclusion
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have reasonable accuracy
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both A & B
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none of the above
Explanation
Statistical data should be numerically expressed and collated in a way that it enables to draw conclusions. Data should be collected with a purpose in order to for it to be accurate.
It can be estimated to a degree as it may be highly impossible to collect data for the entire population, thus data that has reasonable accuracy is sufficient.
Data is_______________.
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Collectio of information about a person
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Collection of information regarding the comparative things
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Both A & B
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None of the above
Explanation
Data is collection of information regarding the comparative things. Data can consist both qualitative as well as quantitative information. It is usually formatted in a specific way.
In order to save time and money, economists may collect their data by __________.
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door to door survey
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the use of censuses
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using the earlier research papers
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the use of samples
Explanation
In order to save time and money, economists may collect their data by the use of samples.
An observed set of the population that has been selected for analysis is called a sample. A sample is a small part of the whole information.
Collected data should be ______________.
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Quantitative
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Subjective
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Objective
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None of the above
Explanation
Collected data should be quantitative. Quantitative data consists of numerical variables. It measures the counts in numerical terms.
Types of Sampling include_________.
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Random Sampling
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Deliberate Sampling
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Both A & B
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None of the above
Explanation
Sampling refers to the selection of few items from a given group. Types of sampling include:
a) Random sampling: It is a method where every unit of the population has an even chance of getting selected.
b) Deliberate sampling: It is a method where some units are purposively or deliberately selected.
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