CBSE Class 11 Economics Introduction to Statistics

CBSE Class 11 Economics - Introduction to Statistics. There are many more useful educational material which the students can download in pdf format and use them for studies. Study material like concept maps, important and sure shot question banks, quick to learn flash cards, flow charts, mind maps, teacher notes, important formulas, past examinations question bank, important concepts taught by teachers. Students can download these useful educational material free and use them to get better marks in examinations.  Also refer to other worksheets for the same chapter and other subjects too. Use them for better understanding of the subjects. INTRODUCTION – STATISTICS FOR ECONOMICS

Very Short Answer Questions 

1. What is meant by ‘ordinary business of life’?

2. Define the following terms:

a) Consumer

b) Seller

c) Producer

d) Service holder

e) Service provider

3. Distinguish between economic activities and non-economic activities

4. Define the term ‘data’.

5. Distinguish between ‘qualitative data’ and ‘quantitative data’.

6. What is meant by ‘policies’ in economics?

Short Answer Questions 

1. Explain the three economic activities studied in economics

2. Why is statistics used in economics?

OR What statistics does in economics?

NCERT text book questions 

1. Mark the following statements as true or false. Give reasons

(i) Statistics can only deal with quantitative data.

(ii) Statistics solves economic problems.

(iii) Statistics is of no use to Economics without data.

2. ‘The Government and policy makers use statistical data to formulatesuitable policies of economic development’. Illustrate with two examples.

3. Statistical methods are no substitute for common sense. Comment.

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