Introduction To Statistics(11th Grade > Statistics ) Questions and answers for exam Preparation

11th Grade > Statistics

INTRODUCTION TO STATISTICS MCQs

Total Questions : 30 | Page 3 of 3 pages

Question 21.

A consumer is one who produces goods and services for the generation of income.

True
False

Discuss Question

Answer: Option B. -> False
:
B
A consumer is the one who uses or 'consumes' a product or service.

Question 22.

Economic facts expressed in terms of numbers are known as ___ .

Discuss Question

Answer: Option B. -> False
:

Economic facts expressed in terms of numbers are known as data.

Question 23.

Which of these comes under the study of production?

The choice of produce, given limited resources
Adjusting the price of a product to maximize profits
Distribution of a country's GDP
The choice of a consumer, given alternatives.

Discuss Question

Answer: Option A. -> The choice of produce, given limited resources
:
A
Production deals with the choice of produce, given costs and prices when the resources are limited.

Question 24.

Which of the following is/are qualitative data about a person?

Date of birth
Ethnicity
Nationality
Height

Discuss Question

Answer: Option B. -> Ethnicity
:
B and C
Ethnicity and nationality are the only qualitative attributes. The others can be quantified using numbers.

Question 25.

Problem of choice arises when there are _____ .

multiple resources having limited uses
limited resources having multiple uses
limited resources having limited uses
multiple resources having multiple uses

Discuss Question

Answer: Option B. -> limited resources having multiple uses
:
B

The problem of choices arises when there are multiple alternatives and limited resources. In this case, a choice between one or the other has to be made.

Question 26.

What is the root cause of all economic problems?

Population
Scarcity
Unemployment
Poverty

Discuss Question

Answer: Option B. -> Scarcity
:
B
Limited resources and unlimited human wants lead to scarcity. This is the root of all economic problems.

Question 27.

In Economics, data and Statistics are important because _____ .

It helps a consumer decide what to buy
It helps a producer decide what to make
Both A and B
Neither A nor B

Discuss Question

Answer: Option C. -> Both A and B
:
C

It helps a producer decide what to make and a consumer decide what to buy.

Question 28.

The measures used to mitigate or solve economic problems are known as ___ .

Discuss Question

Answer: Option C. -> Both A and B
:

The measures used to mitigate or solve economic problems are known as policies.

Question 29.

Statistics can be applied in studying qualitatively expressed problems.

True
False
Both A and B
Neither A nor B

Discuss Question

Answer: Option A. -> True
:
A
Statistics can be used to study qualitatively expressed problems.

Question 30.

Which of the following is not an example of production?

A barber giving a haircut.
A travel agent who books tickets
A writer writing a book
A man creating a short film

Discuss Question

Answer: Option B. -> A travel agent who books tickets
:
B
A travel agent booking tickets is involved in distribution. Everything else are examples of production.