Economics Objective Questions and Answers: Chapter 08 Use of Statistical Tools
Access targeted multiple-choice questions for Chapter 08 Use of Statistical Tools designed to align with the latest CBSE academic syllabus for Class 11 Economics. These objective practice sets help students evaluate their conceptual understanding and improve exam readiness.
Download Chapter 08 Use of Statistical Tools MCQs with Answers
View or download the dedicated Chapter 08 Use of Statistical Tools MCQ resource below. Practicing these 50 objective questions regularly builds familiarity with standard exam patterns and helps secure higher marks in final Economics evaluations.
Question : Which Is Correct In Relation To Statistics?
a) Aggregate Of Facts
b) Numerically Expressed
c) Affectedby Multiplicity Of Causes
d) All Of These
Answer : D
Question : In Plural Sense, Which Of The Following Is Not A Characteristc 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 : … Deals With Economic Issues At The Level Of Economy As A Whole.
a) Microeconomics
b) Macroeconomics
c) Both (A) And (B)
d) None Of These
Answer : B
Question : Stages Of Statistical Study Are…
a) 2
b) 3
c) 5
d) 6
Answer : C
Question : Data Collected For The First Time From The Source Of Origin Is Called) …,…..
a) Primary Data
b) Secondry Data
c) Internal Data
d) None Of These
Answer : A
Question : Schedules Are Filled By The…..
a) Investigator
b) Enumerator
c) Respondent
d) None Of These
Answer : B
Question : Where is correlation multiple placed:
a) Between 0 and + 1
b) Between – 1 and 0
c) Between – 1 and + 1
d) None of these.
Answer : C
Question : After evoy ten years information regarding population of India is collected through :
a) Sample method
b) Census method
c) both a) and b)
d) None of above
Answer : B
Question : Rate of commodity approximated Rs. 497 and actual sale is Rs. 500. In this case absolute error will be :
a) Rs. 500
b) Rs. 497
c) Rs. 3
d) Rs.006
Answer : C
Question : In singular sense, Statistics means:
a) statistical science
c) both a) and b)
b) statistical law
d) none of these
Answer : C
Question : Which of the following is an economic activity?
a) Production
b) Consumption
c) Distribution
d) All of these
Answer : D
Question: The most common measurement of central tendency is:
a) Median
b) Multiple
c) Mean
d) Weighted mean.
Answer: c
Question: Base year is:
a) Comparison year
b) Present year
c) Any year
d) One year previous to present year.
Answer: a
Question: Which of the following equation is correct:
a) Anova = σ
b) Anova = σ-2
c) Anova = σ4
d) Anova = √σ × 2.
Answer: b
Fill in the blanks:
Question: Multiple is the value of column in which ……………………… comes repeatedly.
Answer: Maximum
Question: ………………………. is the difference between maximum and minimum value.
Answer: Range
State true or false:
Question: Cumulative frequency shows “less than” or “more than” of any sequence.
Answer: True
Question: High income leads high savings.
Answer: True
Question: Range is found by adding highest value and smallest value.
Answer: False
Answer in one word:
Question: One which divides column in ten equal parts.
Answer: Deciles
Question: Find out mode from the following data:
7, 12, 8, 5, 9, 10, 9, 11, 96
Answer: 9 is the number which is repeated maximum number of times. Hence, mode is 9.
Question: Which is the popular measure of central tendency?
Answer: Arithmetic mean.
Question: Saving is directly related to.
Answer: Income
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Practice MCQs for Class 11 Economics Chapter 08 Use of Statistical Tools
Chapter MCQs with Answers for Class 11 Economics
Test your conceptual understanding of Chapter 08 Use of Statistical Tools with these targeted multiple-choice questions. Designed in alignment with the latest CBSE curriculum for Class 11 Economics, these problem sets build accuracy and prepare students for objective exams.
Expert Practice Material for Class 11 Economics
Built using the official NCERT book for Class 11, these Economics objective sets provide reliable academic guidance. Pair your practice with our recommended NCERT solutions to master optimal problem-solving approaches.
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Follow up your worksheet practice by attempting the interactive online Economics MCQ test for this chapter to evaluate your execution speed. All platform resources are free to access.
FAQs
You can get most exhaustive CBSE Class 11 Use of Statistical Tools MCQs Set 01 for free on StudiesToday.com. These MCQs for Class 11 Economics are updated for the 2026-27 academic session as per CBSE examination standards.
Yes, our CBSE Class 11 Use of Statistical Tools MCQs Set 01 include the latest type of questions, such as Assertion-Reasoning and Case-based MCQs. 50% of the CBSE paper is now competency-based.
By solving our CBSE Class 11 Use of Statistical Tools MCQs Set 01, Class 11 students can improve their accuracy and speed which is important as objective questions provide a chance to secure 100% marks in the Economics.
Yes, Economics MCQs for Class 11 have answer key and brief explanations to help students understand logic behind the correct option as its important for 2026 competency-focused CBSE exams.
Yes, you can also access online interactive tests for CBSE Class 11 Use of Statistical Tools MCQs Set 01 on StudiesToday.com as they provide instant answers and score to help you track your progress in Economics.