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Class 11 Economics MCQ Chapter 8 Use of Statistical Tools
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Economics Objective Type Solutions are part of All Subject Solutions. Here we have given AHSEC Class 11 Economics Multiple Choice Question and Answer, HS First Year Economics MCQ Solutions for All Chapters, You can practice these here.
Use of Statistical Tools
Chapter: 8
PART – (A) STATISTICS FOR ECONOMICS
| MCQ |
1. The first step in making a project is:
(a) Collecting data.
(b) Identifying a problem or area of study.
(c) Choosing a target group.
(d) Organising data.
Ans: (b) Identifying a problem or area of study.
2. Which of the following is an economic activity?
(a) Production.
(b) Consumption.
(c) Distribution.
(d) All of these.
Ans: (d) All of these.
3. The approximate rate of a commodity is Rs. 485, and the actual sale price is Rs. 590. In this case, the absolute error will be:
(a) Rs. 5
(b) Rs. 105
(c) Rs. 5
(d) Rs. 100
Ans: (b) Rs. 105
4. The stages of a statistical study are:
(a) 2
(b) 3
(c) 5
(d) 6
Ans: (c) 5
5. To measure the variability of data, you use:
(a) Correlation.
(b) Measures of Central Tendency.
(c) Measures of Dispersion.
(d) Frequency.
Ans: (c) Measures of Dispersion.
6. An essential step before data collection is to:
(a) Analyse data.
(b) Define the study objective.
(c) Present data in diagrams.
(d) Skip the sampling step.
Ans: (b) Define the study objective.
7. What method is used to gather first hand data?
(a) Secondary method.
(b) Primary method.
(c) Bibliography.
(d) Conclusion.
Ans: (b) Primary method.
8. “Attribute” is:
(a) A quantitative measure.
(b) A qualitative characteristic.
(c) A variable.
(d) A statistical error.
Ans: (b) A qualitative characteristic.
9. Deals With Economic Issues At The Level Of Economy As A Whole.
(a) Microeconomics.
(b) Macroeconomics.
(c) All of the above.
(d) None Of These.
Ans: (b) Macroeconomics.
10. The approximate rate of a commodity is Rs. 497, and the actual sale price is Rs. 500. What will be the absolute error?
(a) Rs. 500
(b) Rs. 497
(c) Rs. 3
(d) Rs. 0.06
Ans: (c) Rs. 3
11. Stages Of Statistical Study Are…?
(a) 4
(b) 6
(c) 5
(d) 8
Ans: (c) 5
12. What is the “Class Midpoint”?
(a) The middle value of a class.
(b) The lowest class limit.
(c) The highest class limit.
(d) None of the above.
Ans: (a) The middle value of a class.
13. Every ten years, information regarding the population of India is collected through:
(a) Sample method.
(b) Census method.
(c) All of the above.
(d) Depends on the population.
Ans: (b) Census method.
14. Which of the following is NOT a measure of dispersion?
(a) Range.
(b) Quartile.
(c) Mode.
(d) Variance.
Ans: (c) Mode.
15. “Scarcity” means:
(a) Abundance of resources.
(b) Lack of availability.
(c) Unlimited choices.
(d) None of the above.
Ans: (b) Lack of availability.
16. Where is correlation multiple placed:
(a) Between 0 and + 1.
(b) Between – 1 and + 1.
(c) All of the above.
(d) None of these.
Ans: (c) All of the above.
