CBSE Class 11 Introduction MCQs Set 02

Question: Which of the following statement is incorrect?
a) Resources have alternative uses
b) All numbers are Statistics
c) Macroeconomics studies large aggregates
d) Statistics studies only the aggregates of quantitative facts
Answer: b

Question: Census method is suitable for that investigation in which…………….
a) The size of population
b) High degree of accuracy is not required
c) There are widely diverse items
d) Why there is no need for a thorough examination of items
Answer: c

Question: Which of the following is a method of secondary data?
a) Direct personal investigation
b) Direct oral investigation
c) Collection of information through questionnaire.
d) None of the options
Answer: a

Question: Data are collected by the investigator himself:
a) Secondary
b) Primary
c) Both Secondary and Primary
d) None of the options
Answer: b

Question: In Plural sense, which of the following is not a characteristic of Statistics?
a) Aggregate of Data
b) Only expressed in words
c) Affected by multiplicity of causes
d) Collected in a systematic manner
Answer: b

Question: The term statistics was first used by
a) Gottfried Achenwall
b) Paul A Samuelson
c) Lord Robinson
d) J.B. Say
Answer: a

Question: …………….. Method is suitable for small size of population
a) Sample
b) Quota
c) Census
d) None of the options
Answer: c

Question: For drawing Lottery ……………….. Sampling is used.
a) Random
b) Purposive
c) Stratified
d) Quota
Answer: a

Question: “Economics is the study of economic welfare” who said this:
a) Marshall
b) Prof. Pigou
c) J. K. Mehta
d) Keynes.
Answer: a

Question: Data collected for the first time from the source of origin is called …,……………
a) Primary data
b) Secondary data
c) Internal data
d) None of the options
Answer: d

Question: Frequency is the number of ——–an observation repeats in the series-
a) Years
b) Weeks
c) Days
d)Times
Answer: d

Question: Tabulation is, arranging data in –
a) Rows and graphs
b) Rows and columns
c) Rows and diagrams
d) Diagrams and graphs
Answer: b

Question: Which is not considered as an economic activity?
a) Banking
b) Sujata helping her mother in the kitchen
c) Agriculture
d) Business
Answer: d

Question: Which of the following is not a function of Statistics?
a) Economic forecasting
b) Economic equilibrium
c) Political equilibrium
d) Construction of economic models
Answer: c

Question: Census of India, collect data related to ………………..
a) Industry
b) National Income
c) Agriculture
d) Demography
Answer: d

Question: Statistics is:
a) Facts
b) Presentation
c) Numerical data
d) None of the options
Answer: b

Question: Which Of The Following Indicates A Stage Of Statistical Study?
a) Collection of Data
b) Presentation of Data
c) Analysis of Data
d) All of the options
Answer: d

Fill in the blanks:

Question: Collection is an example of ……………………….
Answer: Statistics

Question: Adam Smith is known as …………………………. of Economics.
Answer: Father

Question: When six economists gather they have …………………………. opinion.
Answer: 7

State true or false:

Question: Statistics is not important in speculation market.
Answer: False

Question: “Principles of Economics” is written by Pigou.
Answer: False

Answer in one word:

Question: Who gave analytical definition of economics?
Answer: Robbins

Question: What are economic goods?
Answer: The goods which are made by humans are called economic goods.

Question: What is economic activity?
Answer: Activities which are performed to earn wealth are called economic activities.

Question: Who wrote the book, “Discovery of Nation’s Wealth and Reasons”?
Answer: Adam Smith

Question: Who is known as service provider?
Answer: The person who works for others for remuneration is called service provider.