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Class 11 Economics MCQ Chapter 8 Use of Statistical Tools
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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. 497, and the actual sale price is Rs. 500. In this case, the absolute error will be:
(a) Rs. 500
(b) Rs. 497
(c) Rs. 3
(d) Rs. 0.06
Ans: (c) Rs. 3
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.