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Introduction to Statistics Test - 1

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Introduction to Statistics Test - 1
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Weekly Quiz Competition
  • Question 1
    1 / -0

    Economics that deal with economic issues related to units like a household, a firm or an industry

    Solution

    All these deal with parts rather than wholes of an economy. 

     

  • Question 2
    1 / -0

    Following are the drawback of statistics except

    Solution

    In statistics we find a number of mathematical relations between variables  . For example, Arithmetic mean =sum of observations /no.of observations. 

     

  • Question 3
    1 / -0

    Which of the following is false regarding Importance of Statistics in Economics

    Solution

    It implies importance of economics in governance

     

  • Question 4
    1 / -0

    Microeconomics studies

    Solution

    Microeconomics deal with individual units of an economy. 

     

  • Question 5
    1 / -0

    A person who buys goods and services for the satisfaction of human wants

    Solution

    He doesn't require goods and services for manufacture or resale , but for satisfying wants only. 

     

  • Question 6
    1 / -0

    Whether the statistics are collected for the purpose of knowing their economic position or distribution of land among them or their total population or for any other purpose all these objectives are

    Solution

    Pre determined purpose determines the type of data , we are going to collect.

     

  • Question 7
    1 / -0

    Following are the factors of production except

    Solution

    It's not included in the traditional factors of production and is not a direct agent of production. 

     

  • Question 8
    1 / -0

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

    Solution

    Percentage is used to analyse the achievement levels and average is used to analyse the general trend of data.

     

  • Question 9
    1 / -0

    Following are the non economic activities except

    Solution

    Distribution is done taking into regard monetary gains.

     

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