CBSE Class 11 Economics Introduction Worksheet

STATISTICS

ENRICHMENT WORKSHEET

CHAPTER- 1 INTRODUCTION

Multiple Choice Questions

Question. A teacher teaching his own child is a ………… activity.
(a) economic
(b) non-economic
(c) market
(d) None of these
Answer : B

Question. Choose the correct options from the given below.
(a) Statistics in singular sense is a series of collection, organisation, presentation, analysis and interpretation of data.
(b) Statistics in singular sense means collection of numerical data.
(c) Statistics in plural sense is a series of collection, organisation and interpretation of data.
(d) Statistics in plural sense is collection of numerical data.
Answer : B

Question. Economics is considered as
(i) Positive Statement
(ii) Normative Statement
(iii) Science
(iv) Art
Choose from the options below.
(a) (i), (ii) and (iii)
(b) (ii), (iii) and (iv)
(c) (i), (iii) and (iv)
(d) (i), (ii), (iii) and (iv)
Answer : D

Question. Statistics is derived from a Latin word ‘Status’ which means ……… .
(a) data
(b) political state
(c) quantitative information
(d) All of the above
Answer : B

Question. Welfare definition of Economics was given by
(a) Prof. Adam Smith
(b) Prof. Alfred Marshall
(c) Prof. Lionel Robbins
(d) Prof. Samuelson
Answer : B

Question. If a farmer produces for selfconsumption, then this activity will be called as ……… .
(a) an Economic activity
(b) a Non-economic activity
(c) a Self-sufficient activity
(d) None of the above
Answer : A

Question. Which of the following is/are true about statistics?
(a) Statistics are collected in a systematic manner
(b) Statistics are numerically expressed
(c) Statistics is aggregate of facts
(d) All of the above are true
Answer : D

Question. ‘Viaan has a long bat’. This statement is ……… .
(a) quantitative statement
(b) qualitative statement
(c) statistical statement
(d) None of the above
Answer : B

Question. Which of the following is/are function(s) of Statistics?
(i) Simplification of facts
(ii) Setting and analysis of hypothesis
(iii) Enhances human knowledge
Choose from the options below.
(a) (i) and (ii)
(b) (ii) and (iii)
(c) (i) and (iii)
(d) (i), (ii) and (iii)
Answer : D

Question. Collection of secondary data is the primary step of statistics.
Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement
Answer : C

Question. Inferential Statistics refers to the methods by which conclusions are drawn relating to the population on the basis of a given sample.
Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement
Answer : A

Question. Statistics deals with ……… data.
(a) quantitative
(b) qualitative
(c) Both quantitative and qualitative
(d) Neither quantitative nor qualitative
Answer : C

Question. Which of the following is the third method of statistics in an enquiry?
(a) Collection of data
(b) Organisation of data
(c) Presentation of data
(d) Analysis of data
Answer : C

Question. Statistics can be best used by ……… .
(a) experts
(b) general people
(c) economists
(d) All of the above
Answer : A

Question. ……… refers to the study based upon observations or experimentations.
(a) Empirical analysis
(b) Quantitative analysis
(c) Qualitative analysis
(d) None of the above
Answer : A

Assertion-Reasoning MCQs

Direction (Q.Nos. 46 to 49) There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is false, but Reason (R) is true
(d) Both are false

Question. Assertion (A) Scarcity of resources is a major cause of all economic problems in a country.
Reason (R) Human wants are unlimited while the resources have alternative uses as well.
Answer : A

Question. Assertion (A) Welfare definition of economics only considers human needs to satisfy wants.
Reason (R) The means to fulfill human wants are limited in relation to the needs.
Answer : B

Question. Assertion (A) Economic activity always involves buying and selling of a good or services in the market to earn profits. 
Reason (R) Any act of production of goods for self-consumption is a non-economic activity.
Answer : D

Question. Assertion (A) Heterogeneous data in statistics should be placed in relation to each other.
Reason (R) A quantitative fact is not
statistics unless it is comparable.
Answer : C

I. Answer in one sentence each

1. State the meaning of

a.Consumer
b. Seller
c. Producer
d. Service provider
e. Service holder
f. Data

2. Define Statistics as a singular noun

3. Define Statistics as a plural noun

4. Choose the correct match from the following

A. Statistics as a singular noun i. Numerical facts systematically collected
B. Economics ii. Science of collecting, classifying, analysing, interpreting and using information collected.
C. Distribution iii. Studies how GDP is distributed in the form of Rent, Wages, Interest and Profits
D. Service Provider iv. Person who is employed by somebody and getting paid for it as wages and salaries

5. What does ordinary business of life mean?

6. What gives rise to the problem of choice?

II. Answer in 30 words each

7. Define economic activity. What are the important economic activities in which man is engaged in his ordinary business of life?

8. How does scarcity become the source of all economic problems?

III. Answer in 40 words each

9. Discuss the importance of statistics in economics

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