11th Grade > Statistics
INTRODUCTION TO STATISTICS MCQs
Total Questions : 30
| Page 1 of 3 pages
Answer: Option C. ->
Scarcity
:
C
:
C
Here, you are unable to satisfy your wants using limited resources. This is a manifestation of scarcity.
Answer: Option D. ->
All of these
:
D
The study of consumer behaviour comes under the study of consumption.
:
D
The study of consumer behaviour comes under the study of consumption.
Answer: Option D. ->
All of these
:
D
Economics deals with a multitude of factors which influences the economy including wealth distribution, literacy and unemployment.
:
D
Economics deals with a multitude of factors which influences the economy including wealth distribution, literacy and unemployment.
Question 4.
A statistical study has yielded the result that a certain section of the society remains poor because the children of school going age are doing manual labour. Hence, when they become adults of this community they would not have the sufficient knowledge and skills to get high paying jobs. As an economist, what policy would you recommend for this situation?
Answer: Option D. ->
Make free and compulsory education available to the children in the community
:
D
Since the root cause of the problem is a lack of education, making schooling compulsory for students would be the best policy to adopt. Creating new jobs without having skilled persons to fill in will be inconsequential.
:
D
Since the root cause of the problem is a lack of education, making schooling compulsory for students would be the best policy to adopt. Creating new jobs without having skilled persons to fill in will be inconsequential.
Answer: Option A. ->
Train tickets were sold out
:
A and B
Scarcity arises due to limitations in available resources or when the product itself is limited. Here, non-availability of train tickets and non-affordability of flight tickets are examples of scarcity.
:
A and B
Scarcity arises due to limitations in available resources or when the product itself is limited. Here, non-availability of train tickets and non-affordability of flight tickets are examples of scarcity.
Answer: Option B. ->
False
:
B
Statistical methods can be used to identify causal relationships between economic factors and make economic forecasts.
:
B
Statistical methods can be used to identify causal relationships between economic factors and make economic forecasts.
Answer: Option D. ->
Net worth
:
D
The net worth of a person can be expressed in monetary terms and is quantitative data. All others are qualitative data.
:
D
The net worth of a person can be expressed in monetary terms and is quantitative data. All others are qualitative data.
Answer: Option A. ->
Producer
:
A and B
:
A and B
Since you are doing poultry farming, you are involved in production. Since you are selling the product, you are a distributor as well.
Answer: Option B. ->
C-B-A
:
B
The first step is the collection of data, followed by organization and presentation of data.
:
B
The first step is the collection of data, followed by organization and presentation of data.
Answer: Option C. ->
IndiGo is the producer as well a distributor
:
C
Here, the product is 'air travel', the distribution is done through selling tickets and the passengers are the consumers. IndiGo is involved in production and distribution.
:
C
Here, the product is 'air travel', the distribution is done through selling tickets and the passengers are the consumers. IndiGo is involved in production and distribution.
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