McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 101. |
The sample coefficient of correlation |
| A. | Has the same sign as the slope, i.e. β |
| B. | Can range from -1.00 up to 2.00 |
| C. | Is also called Peterson's r |
| D. | Can range from -3.00 up to 2.00 |
| Answer» A. Has the same sign as the slope, i.e. β | |
| 102. |
The regression equation is the line with slope a passing through |
| A. | The point (X¯¯¯¯,Y¯¯¯¯) |
| B. | The point (Y, X) |
| C. | The point (X, Y) |
| D. | The point (Y¯¯¯¯,X¯¯¯¯) |
| Answer» A. The point (X¯¯¯¯,Y¯¯¯¯) | |
| 103. |
In regression equation y=a+βx+e, both x and y variables are |
| A. | y is fixed and x is random |
| B. | Random |
| C. | Fixed |
| D. | x is fixed and y is random |
| Answer» D. x is fixed and y is random | |
| 104. |
A series of numerical figures which show the relative position is called |
| A. | index no. |
| B. | relative no. |
| C. | absolute no. |
| D. | none |
| Answer» A. index no. | |
| 105. |
Index no. for the base period is always taken as |
| A. | 200 |
| B. | 50 |
| C. | 1 |
| D. | 100 |
| Answer» D. 100 | |
| 106. |
play a very important part in the construction of index nos |
| A. | weights |
| B. | classes |
| C. | estimations |
| D. | none |
| Answer» A. weights | |
| 107. |
___is particularly suitable for the construction of index nos. |
| A. | H.M |
| B. | A.M. |
| C. | G.M |
| D. | None |
| Answer» C. G.M | |
| 108. |
Index nos. show changes rather than absolute amounts of change. |
| A. | Relative |
| B. | Percentage |
| C. | Both |
| D. | None |
| Answer» B. Percentage | |
| 109. |
The makes index nos. time-reversible |
| A. | A.M |
| B. | G.M. |
| C. | H.M |
| D. | None |
| Answer» B. G.M. | |
| 110. |
Index no. is equal to |
| A. | sum of price relatives |
| B. | average of the price relatives |
| C. | product of price relative |
| D. | none |
| Answer» B. average of the price relatives | |
| 111. |
The of group indices given the General Index |
| A. | H.M. |
| B. | G.M. |
| C. | A.M |
| D. | none |
| Answer» C. A.M | |
| 112. |
Circular Test is one of the tests of |
| A. | index no’s |
| B. | hypothesis |
| C. | both |
| D. | none |
| Answer» A. index no’s | |
| 113. |
____ is an extension of time reversal test |
| A. | Factor Reversal test |
| B. | Circular test |
| C. | Both |
| D. | None |
| Answer» B. Circular test | |
| 114. |
Weighted G.M. of relative formula satisfy test |
| A. | Time Reversal Test |
| B. | Circular test |
| C. | Factor Reversal Test |
| D. | None |
| Answer» A. Time Reversal Test | |
| 115. |
Factor Reversal test is satisfied by: |
| A. | Fisher’s Ideal Index |
| B. | Laspeyres Index |
| C. | Paasches Index |
| D. | None |
| Answer» A. Fisher’s Ideal Index | |
| 116. |
Laspeyre's formula does not obey: |
| A. | Factor Reversal Test |
| B. | Time Reversal Test |
| C. | Circular Test |
| D. | None |
| Answer» B. Time Reversal Test | |
| 117. |
A ratio or an average of ratios expressed as a percentage is called |
| A. | a relative no |
| B. | an absolute no. |
| C. | an index no. |
| D. | none |
| Answer» C. an index no. | |
| 118. |
The value at the base time period serves as the standard point of comparison |
| A. | False |
| B. | True |
| C. | Both |
| D. | None |
| Answer» B. True | |
| 119. |
An index time series is a list of nos. for two or more periods of time |
| A. | Index |
| B. | Absolute |
| C. | Relative |
| D. | None |
| Answer» A. Index | |
| 120. |
Index nos. are often constructed from the |
| A. | Frequency |
| B. | Class |
| C. | Sample |
| D. | None |
| Answer» C. Sample | |
| 121. |
__________ is a point of reference in comparing various data describing individual behavior. |
| A. | Sample |
| B. | Base period |
| C. | Estimation |
| D. | None |
| Answer» B. Base period | |
| 122. |
The ratio of price of single commodity in a given period to its price in another period is called the |
| A. | base period |
| B. | price ratio |
| C. | relative price |
| D. | none |
| Answer» A. base period | |
| 123. |
P01 is the index for time |
| A. | 1 on 0 |
| B. | 0 on 1 |
| C. | 1 on 1 |
| D. | 0 on 0 |
| Answer» A. 1 on 0 | |
| 124. |
When the price of a divided by the price of the preceding year, we, get: |
| A. | Value index |
| B. | Link relative |
| C. | Simple relative |
| D. | None of them |
| Answer» B. Link relative | |
| 125. |
The most appropriate average in averaging the price relatives is: |
| A. | Median |
| B. | Harmonic mean |
| C. | Arithmetic mean |
| D. | Geometric mean |
| Answer» D. Geometric mean | |
| 126. |
In constructing index number geometric mean relatives are: |
| A. | Non-reversible |
| B. | Reciprocal |
| C. | Reversible |
| D. | None of them |
| Answer» C. Reversible | |
| 127. |
The general purchasing power of the currency of a country is determined by: |
| A. | Retail price index |
| B. | Volume index |
| C. | Composite index |
| D. | Whole-sale price index |
| Answer» D. Whole-sale price index | |
| 128. |
What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices: |
| A. | Whole sale price index |
| B. | Consumer's price |
| C. | Quantity |
| D. | None of them |
| Answer» B. Consumer's price | |
| 129. |
Which of the following is a component of timer series; |
| A. | Secular trend |
| B. | Correlation |
| C. | Regression |
| D. | Consumer price index |
| Answer» A. Secular trend | |
| 130. |
Which of the following is a method of measuring trend: |
| A. | Freehand curve |
| B. | Bar graph |
| C. | Histogram |
| D. | System Analysis |
| Answer» A. Freehand curve | |
| 131. |
Cyclical variations are caused by |
| A. | Trade business cycles |
| B. | Elections |
| C. | Changes in foreign exchange |
| D. | Changes in interest rates |
| Answer» A. Trade business cycles | |
| 132. |
Periodic movements with duration longer than a year are called |
| A. | Seasonal movements |
| B. | Cyclic movements |
| C. | Social movements |
| D. | Cultural movements |
| Answer» B. Cyclic movements | |
| 133. |
Seasonal variations are short term variations with period |
| A. | less than 6 months |
| B. | less than 5 years |
| C. | less than 1 year |
| D. | more than 10 years |
| Answer» C. less than 1 year | |
| 134. |
The component of time series useful for long term forecasting is |
| A. | Secular trend |
| B. | Seasonal variation |
| C. | Cyclical variation |
| D. | Irregular variation |
| Answer» A. Secular trend | |
| 135. |
If the growth rate is constant, the trend is – |
| A. | linear |
| B. | non linear |
| C. | curvy |
| D. | wavy |
| Answer» A. linear | |
| 136. |
The trend line Y=a+bX obtained by the least Squares method is known as the line of |
| A. | best fit |
| B. | fit best |
| C. | best neutral |
| D. | nonlinear fit |
| Answer» A. best fit | |
| 137. |
Index number for base year is always considered as------ |
| A. | 100 |
| B. | 101 |
| C. | 200 |
| D. | 201 |
| Answer» A. 100 | |
| 138. |
Index number is a special type of ---------- |
| A. | Average |
| B. | dispersion |
| C. | correlation |
| D. | none of the above |
| Answer» A. Average | |
| 139. |
A period for which index number is determined is called as ------ |
| A. | current period |
| B. | base period |
| C. | . Normal period. |
| D. | None of the above |
| Answer» A. current period | |
| 140. |
Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to: |
| A. | 110 |
| B. | 108 |
| C. | 100 |
| D. | 109 |
| Answer» D. 109 | |
| 141. |
Index number calculated by Fisher's formula is ideal because it satisfy: |
| A. | Circular test |
| B. | Factor reversal test |
| D. | All of the above |
| Answer» D. All of the above | |
| 142. |
In the regression equation Y = 75.65 + 0.50X, the intercept is |
| A. | 75.65 |
| B. | 0.5 |
| C. | 1 |
| D. | intereminable |
| Answer» A. 75.65 | |
| 143. |
The coefficient of determination must be |
| A. | between -1 and +1 |
| B. | between -1 and 0 |
| C. | between 0 and 1 |
| D. | equal to SSE/(n-2) |
| Answer» A. between -1 and +1 | |
| 144. |
In the regression equation Y = a+bX, the Y is called: |
| A. | Independent variable |
| B. | Dependent variable |
| C. | Continuous variable |
| D. | None of the above |
| Answer» B. Dependent variable | |
| 145. |
How many type of data are there in Statistics |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 5 |
| Answer» A. 2 | |
| 146. |
is data that is collected by a researcher from first-hand sources |
| A. | Primary data |
| B. | Secondary data |
| C. | both |
| D. | none |
| Answer» A. Primary data | |
| 147. |
What are the method of collecting Primary Data |
| A. | Interview |
| B. | observation |
| C. | Questionnair |
| D. | All of the above |
| Answer» D. All of the above | |
| 148. |
A measure of is a single value that attempts to describe a set of data by identifying the central position within that set of |
| A. | Central Tendency |
| B. | Mean |
| C. | Median |
| D. | Mode |
| Answer» A. Central Tendency | |
| 149. |
Find the mean of 13,18,13,14,13,16,14,21,13 |
| A. | 11 |
| B. | 12 |
| C. | 15 |
| D. | 13 |
| Answer» C. 15 | |
| 150. |
how many types of series are there |
| A. | 3 |
| B. | 2 |
| C. | 5 |
| D. | 4 |
| Answer» A. 3 | |
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