Introduction Test

Result

Introduction Test - 11

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Weekly Quiz Competition

Question 1
1 / -0

The long queues at railway booking counters, crowded buses and trains, shortage of essential commodities , rush to get a ticket to watch a new film etc. are all manifestations of

A
Abundance

B
Allocation

C
Scarcity

D
Problems

Solution

Rush, crowd etc at such places is due to inability of absorbing the wants which is due to scarcity.

Question 2

1 / -0

Match the following, Options are

a. Collection of data	i. Census or sample
b. Presentation of data	ii. Array of data
c. Analysis of data	ii. Table or diagrams
d. Organization of data	iv. Percentages or averages

a(i),b(ii),c(iv),d(iii)

(iv)

(iii)

(i)

(ii)

(iii)

(i)

(iv)

(ii)

(i)

(iii)

(iv)

(ii)

Solution

It's as defined in statistics.

Question 3
1 / -0

Scarcity arises because of

A
Unlimited resources and unlimited wants

B
Limited resources and limited wants

C
Limited resources and unlimited wants

D
Unlimited resources and limited wants

Solution

Had wants been limited, resources would have been abundant. But, it is the infinitude of wants which makes resources scarce.
Question 4
1 / -0

Mode is a value of a variable which

A
Occurs most frequently in data.

B
Less frequently in data .

C
Both

D
None

Solution

Mode is a value of variable which has maximum frequency in the given data.
Question 5
1 / -0

What do you mean by the supply of goods?

A
Total stock in the warehouse

B
The actual production of the good

C
Stock available for sale

D
Quantity of the good offered for sale at a particular price per unit of time

Solution

Quantity of the good offered for sale at a particular price per unit of time
Question 6
1 / -0

Which statistical tools is used by stage of statistical study – analysis of data

A
Percentage , Average

B
Table and graphs

C
Census or sample

D
Array of data

Solution

Percentage is used to analyse the achievement levels and average is used to analyse the general trend of data.
Question 7
1 / -0

_______ are always scare in relation to _____

A
Means, limited wants

B
Means , wants

C
Wants, means

D
Wants , unlimited means

Solution

It's a fact from real world where wants exceed the means or resources .
Question 8
1 / -0

Which of the following points highlight the importance of statistics in economics

A
Constructing of economic models

B
Inter-sect oral and inter-temporal comparisons

C
Quantitative expression of economic problems

D
All of these

Solution

All of these are defined in econometrics.
Question 9
1 / -0

Drawing conclusion from the data analyzed is the stage of

A
Collection of data

B
Interpretation of data

C
Analysis of data

D
Presentation of data

Solution

Interpretation of data refers to concluding it.
Question 10
1 / -0

Which of the following will give qualitative data

A
Marks in subject

B
Income earned

C
Beauty

D
All of these

Solution

Quality like beauty cannot be measured.

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Introduction Test - 11

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Introduction Test - 11

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SHARING IS CARING

Question 1

Abundance

Allocation

Scarcity

Problems

Solution

Question 2

a(i),b(ii),c(iv),d(iii)

(iv) (iii) (i) (ii)

(iii) (i) (iv) (ii)

(i) (iii) (iv) (ii)

Solution

Question 3

Unlimited resources and unlimited wants

Limited resources and limited wants

Limited resources and unlimited wants

Unlimited resources and limited wants

Solution

Question 4

Occurs most frequently in data.

Less frequently in data .

Both

None

Solution

Question 5

Total stock in the warehouse

The actual production of the good

Stock available for sale

Quantity of the good offered for sale at a particular price per unit of time

Solution

Question 6

Percentage , Average

Table and graphs

Census or sample

Array of data

Solution

Question 7

Means, limited wants

Means , wants

Wants, means

Wants , unlimited means

Solution

Question 8

Constructing of economic models

Inter-sect oral and inter-temporal comparisons

Quantitative expression of economic problems

All of these

Solution

Question 9

Collection of data

Interpretation of data

Analysis of data

Presentation of data

Solution

Question 10

Marks in subject

Income earned

Beauty

All of these

Solution

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(iv)

(iii)

(i)

(ii)

(iii)

(i)

(iv)

(ii)

(i)

(iii)

(iv)

(ii)