MCQExams
0:0:1
CBSE
JEE
NTSE
NEET
Practice
Homework
×
CBSE Questions for Class 11 Commerce Economics Introduction To Economics Quiz 1 - MCQExams.com
CBSE
Class 11 Commerce Economics
Introduction To Economics
Quiz 1
___________ was used in earlier days by Germans which is Statistics.
Report Question
0%
Statistik
0%
Stato
0%
Status
0%
Statustic
Explanation
The word Statistic stems from the word "Statistik", from the German language as introduced by
Gottfried Achenwall.
Which of the following points do not reflect statistics?
Report Question
0%
It describes ways of analyzing qualitative data.
0%
It is a wide subject of study.
0%
It describes methods for analyzing qualitative data.
0%
It describes methods of collecting, quantitative data.
Explanation
Statistics does not analyse qualitative phenomenon, statistical methods deal with those objects which can be measured in quantitative terms. Qualitative phenomenons such as beauty, goodwill etc cant be captured by statistics.
According to Tippet, Statistics is____.
Report Question
0%
a science
0%
an art
0%
both a science and an art
0%
social science
Explanation
The definition given by Tippitt is
“Statistics is both a science and an art.”
Characteristic(s) of statistics___________.
Report Question
0%
statistical data are enumerated or estimated
0%
statistical data are collected with a perfect degree of accuracy
0%
statistical data deals with actual facts only
0%
all of above
Explanation
Data for the entire population may not be available, or it may be impossible to collect and thus reasonable estimators must be used.
Which of the following sentence shows distrust about statistics?
Report Question
0%
There are three types of lies-lies,damn lies and statistics.
0%
Figures do not lie; liars make figure.
0%
It can prove anything.
0%
All of above
Explanation
All three statements are related to a major limitation of statistics which is "improper use of statistics". There is a vast scope for error in the data and it may be misused by people with agendas, these people may manipulate the data to gain favour or popularity.
Which of the following statements is false?
Report Question
0%
Statistics is derived from the Latin word 'status'.
0%
Statistics is derived from the Italian word 'statista'.
0%
Statistics is derived from the French word 'statistik'.
0%
None of the above.
Explanation
Statistics is derived from the french word "
Statistique"
The word 'Statistics' as used in earlier days by Italian____.
Report Question
0%
Statistik
0%
Statista
0%
Status
0%
Statustic
The word 'Statistics' as used in earlier days by Germans is ____________.
Report Question
0%
statistik
0%
stato
0%
status
0%
statustic
Range of probability distribution with 68.26% lies within __________________.
Report Question
0%
$$(+ 3 \sigma$$ and $$-3\sigma )$$
0%
$$(+ 4 \sigma$$ and $$-4\sigma )$$
0%
$$(+ 1 \sigma$$ and $$-1\sigma )$$
0%
$$(+ 2 \sigma$$ and $$-2\sigma )$$
Statistics must relate to_____facts.
Report Question
0%
Aggregate
0%
Single
0%
Qualitative
0%
None of above
Statistics must relate to _______ facts.
Report Question
0%
aggregate
0%
single
0%
qualitative
0%
none of the above
Explanation
Statistic must relate to aggregate facts only, it is not concerned with individuals. Statistical methods can be used to study and analyse only aggregate facts.
Characteristic(s) of statistics is(are) _______________.
Report Question
0%
statistical data are estimated
0%
statistical data are collected with a perfect degree of accuracy
0%
statistical data deals with actual facts only
0%
All of above
According to _____ ," Statistics may be defined as the science of collection, presentation, analysis and interpretation of numerical data."
Report Question
0%
A. L Bowley
0%
Lincon L. Chao
0%
Croxton & Cowden
0%
Selligman
Explanation
According to, Croxton & Cowden,
"Statistics may be defined as the science of collection, presentation, analysis and interpretation of numerical data."
CSO stands for _______________.
Report Question
0%
Central Statistical Organisation
0%
Central Security Organisation
0%
Community Service Organisation
0%
Community Social Service Organisation
Explanation
The Central Statistics Office is an agency in India under the Ministry of Statistics and Programme Implementation. It is responsible for the co-ordination of statistical activities in India and maintaining statistical standards. It was established in 1952.
Which of the following can be treated as limitation of statistics?
Report Question
0%
Statistics deal with figures which are innocent by themselves and do not bear on their face the level of their quality and can be easily distorted, manipulated by dishonest politicians or unscrupulous people for their selfish motives.
0%
Statistics deals with groups and not with individuals.
0%
Statistics does not deals with qualitative data and descriptive facts.
0%
All of above
The characteristics of statistical units is/are_____________.
Report Question
0%
the unit must be standard and uniform
0%
the unit must have comparability
0%
the unit must be simple and easily understandable in the process of inquiry
0%
all of the above
Explanation
Statistical units are the measurement in which information is to be collected. Units are required to be simple and uniform so that comparisons would be made easily and information can be ascertained easily.
Characteristic(s) of statistics____.
Report Question
0%
Statistical facts are qualitatively expressed
0%
Statistical facts are affected by multiple causes
0%
Statistics deals with single fact
0%
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.
For data to be statistics it should ________________.
Report Question
0%
be numerically expressed
0%
be estimated
0%
have predetermined purpose
0%
all of the above
Explanation
The data collected should be numerically expressed as statistics deals with quantitative data.
should be collected with a purpose in order to for it to be accurate. Data should also be useful and sufficient to make estimations and draw conclusions.
"Statistics are collection of noteworthy facts concerning state both historical and descriptive ". This definition is given by _________.
Report Question
0%
Wappans
0%
Gottfried
0%
Kendal
0%
None of the above
Explanation
Gottfried Achenwall defined statistics as "Statistics are collection of noteworthy facts concerning state both historical and descriptive".
_______ is a prediction or estimation of future values of a variable like sales, demand, price, profits etc.
Report Question
0%
Planning
0%
Decision making
0%
Forecasting
0%
None of above
Explanation
Forecasting refers to predicting the imputed values of various economic variables like demand, supply etc. to develop premises for the economic plans for smooth conduct of production in the economy according to the plans that aims at achieving growth and development of the economy.
0:0:1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0
Answered
0
Not Answered
0
Not Visited
Correct : 0
Incorrect : 0
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Practice Class 11 Commerce Economics Quiz Questions and Answers
<
>
Support mcqexams.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page
