McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) , Master of Arts in Economics (MA Economics) .
| 51. |
Purchasing power of money |
| A. | price index × 100 |
| B. | 100 |
| C. | 100/ |
| D. | real wage |
| Answer» C. 100/ | |
| 52. |
Factor reversal list permits the interchange of |
| A. | base periods |
| B. | price & quantity |
| C. | weights |
| D. | none of the above |
| Answer» B. price & quantity | |
| 53. |
The method which is not used for estimating seasonal components of a time series |
| A. | ratio to trend method |
| B. | link relative method |
| C. | method of simple average |
| D. | method of least squares |
| Answer» D. method of least squares | |
| 54. |
Cost of living index is known as |
| A. | consumer price index |
| B. | whole sale price index |
| C. | quantity index |
| D. | none |
| Answer» A. consumer price index | |
| 55. |
Paasches index number is based on |
| A. | base year quantity |
| B. | current year quantity |
| C. | day year quantity |
| D. | none |
| Answer» B. current year quantity | |
| 56. |
Measures of change in the level of phenomenon is called |
| A. | correlation |
| B. | dispersion |
| C. | mean |
| D. | index numbers |
| Answer» D. index numbers | |
| 57. |
Which of the following is described as ‘barometers of economic activity’? |
| A. | index number |
| B. | correlation |
| C. | regression |
| D. | time series |
| Answer» A. index number | |
| 58. |
Test to determine whether a given method will work both forward & backward |
| A. | unit test |
| B. | factor reversal test |
| C. | time reversal test |
| D. | none |
| Answer» C. time reversal test | |
| 59. |
Data which are collected, observed or recorded at successive intervals of time is known as …… |
| A. | index numbers |
| B. | time series |
| C. | regression |
| D. | correlation |
| Answer» B. time series | |
| 60. |
Earthquake is an example of |
| A. | secular trend |
| B. | seasonal variation |
| C. | cyclical variation |
| D. | irregular variation |
| Answer» D. irregular variation | |
| 61. |
All methods of index numbers except simple (unweighted) aggregative index satisfies |
| A. | unit test |
| B. | time reversal list |
| C. | factor reversal test |
| D. | circular test |
| Answer» A. unit test | |
| 62. |
The word statistics was used in………….. |
| A. | 1749 |
| B. | 1849 |
| C. | 1790 |
| D. | 1801 |
| Answer» A. 1749 | |
| 63. |
Statistics is ……………… |
| A. | science only |
| B. | art only |
| C. | science and art |
| D. | neither science nor art |
| Answer» C. science and art | |
| 64. |
Statistics can…………… |
| A. | prove anything |
| B. | disprove any thing |
| C. | neither prove nor disprove anything is just a tool |
| D. | none of these |
| Answer» C. neither prove nor disprove anything is just a tool | |
| 65. |
Bar diagrams are ……………………..dimensional diagrams |
| A. | one |
| B. | two |
| C. | three |
| D. | none of these |
| Answer» A. one | |
| 66. |
The number of observations corresponding to a class is known as ………………..of that class. |
| A. | population |
| B. | frequency |
| C. | class interval |
| D. | none of these |
| Answer» B. frequency | |
| 67. |
Diagrams and graphs are the tools of………………… |
| A. | collection of data |
| B. | analysis of data |
| C. | summarisation of data |
| D. | presentation of data |
| Answer» D. presentation of data | |
| 68. |
Circle diagram is also called |
| A. | pie diagram |
| B. | pictogram |
| C. | sectors |
| D. | none of these |
| Answer» A. pie diagram | |
| 69. |
Histogram is a ……………… |
| A. | graph |
| B. | curve |
| C. | diagram |
| D. | pictogram |
| Answer» A. graph | |
| 70. |
In a Histogram bars………………. |
| A. | touch each other |
| B. | do not touch |
| C. | either way |
| D. | neither way |
| Answer» A. touch each other | |
| 71. |
With the help of histogram we can prepare |
| A. | frequency polygon |
| B. | frequency cure |
| C. | both |
| D. | done |
| Answer» C. both | |
| 72. |
Media is same as ………………..guartile |
| A. | first |
| B. | second |
| C. | third |
| D. | fourth |
| Answer» B. second | |
| 73. |
Median is the average suited for ……………classes |
| A. | open-end |
| B. | closed-end |
| C. | both of these |
| D. | none of these |
| Answer» A. open-end | |
| 74. |
Which average is affected most by extreme observations |
| A. | mode |
| B. | medium |
| C. | geometric mean |
| D. | arithmetic mean |
| Answer» C. geometric mean | |
| 75. |
Which of the following is the most unstable average ? |
| A. | mode |
| B. | median |
| C. | arithmetic mean |
| D. | geometric mean |
| Answer» A. mode | |
| 76. |
For dealing with qualitative data, the best average is ………….. |
| A. | arithmetic mean |
| B. | geometric mean |
| C. | harmonic mean |
| D. | median |
| Answer» D. median | |
| 77. |
The sum of deviations taken from arithmetic Mean is |
| A. | maximum |
| B. | minimum |
| C. | zero |
| D. | one |
| Answer» C. zero | |
| 78. |
The sum of squares of deviations from arithmetic mean is ……… |
| A. | maximum |
| B. | minimum |
| C. | zero |
| D. | one |
| Answer» B. minimum | |
| 79. |
The best measure of central tendency is ……………. |
| A. | arithmetic mean |
| B. | geometric mean |
| C. | median |
| D. | harmonic mean |
| Answer» A. arithmetic mean | |
| 80. |
The 75th percentile is |
| A. | greater than d6 |
| B. | less than d6 |
| C. | equal to d6 |
| D. | equal to d6 |
| Answer» A. greater than d6 | |
| 81. |
Average is a measure of …………. |
| A. | central tendancy |
| B. | dispersion |
| C. | symmetry |
| D. | concentration |
| Answer» A. central tendancy | |
| 82. |
Histogram can be used to estimate…………… |
| A. | median |
| B. | mode |
| C. | mean |
| D. | quartile |
| Answer» B. mode | |
| 83. |
Deciles divide the data in to ……………….equal parts. |
| A. | 100 |
| B. | 10 |
| C. | 2 |
| D. | 4 |
| Answer» B. 10 | |
| 84. |
The positionl value which divide the data into 100 equal parts are |
| A. | decile |
| B. | percentile |
| C. | quartiles |
| D. | octiles |
| Answer» B. percentile | |
| 85. |
Which of the following represents median ? |
| A. | fiftieth percentile |
| B. | first quartile |
| C. | sixth decile |
| D. | 20th percentile |
| Answer» A. fiftieth percentile | |
| 86. |
When Mean = 20 Median = 30, Mode = ? |
| A. | 40 |
| B. | 50 |
| C. | 60 |
| D. | 70 |
| Answer» B. 50 | |
| 87. |
Harmonic Mean is the ………………of arithmetic Mean |
| A. | reciprocal |
| B. | substitute |
| C. | both of these |
| D. | none of these |
| Answer» A. reciprocal | |
| 88. |
Square of standard deviation of a distribution is the |
| A. | median |
| B. | variance |
| C. | mode |
| D. | none of these |
| Answer» B. variance | |
| 89. |
The best measure of dispersion is ……………. |
| A. | range |
| B. | variance |
| C. | quartile deviations |
| D. | standard deviation |
| Answer» D. standard deviation | |
| 90. |
The measure of dispersion based on all the observations of the series is ……………. |
| A. | range |
| B. | quartile deviation |
| C. | standard deviation |
| D. | inter quartile range |
| Answer» C. standard deviation | |
| 91. |
The Mean is 1000 and standard deviation is 50 then coefficient of variation is |
| A. | 15 |
| B. | 5 |
| C. | 8 |
| D. | 10 |
| Answer» B. 5 | |
| 92. |
Mean deviation is minimum when deviations are taken from |
| A. | mean |
| B. | median |
| C. | mode |
| D. | zero |
| Answer» B. median | |
| 93. |
Meaures of dispersion which ignores the sign is…………… |
| A. | mean deviation |
| B. | range |
| C. | quartile deviation |
| D. | standard deviation |
| Answer» A. mean deviation | |
| 94. |
When 5 is added to all the values of a series then standard deviation |
| A. | does not change |
| B. | becomes 5 times |
| C. | increased by 5 |
| D. | decreased by 5 |
| Answer» A. does not change | |
| 95. |
In a normal distribution Q.D = ………….. |
| A. | sd |
| B. | sd |
| C. | (sd) |
| D. | √sd |
| Answer» A. sd | |
| 96. |
For the open-end class frequency distribution the appropriate measure of dispersion is…………. |
| A. | range |
| B. | quartile deviation |
| C. | mean deviation |
| D. | standard deviation |
| Answer» B. quartile deviation | |
| 97. |
For a symmetrical distribution the coefficient of skewness is |
| A. | +1 |
| B. | -1 |
| C. | +3 |
| D. | -3 |
| Answer» C. +3 | |
| 98. |
The relationship between x and y is y = 2x + 1. The correlation between x and y is: |
| A. | 1 |
| B. | -1 |
| C. | 0 |
| D. | 4 |
| Answer» A. 1 | |
| 99. |
When there is perfect correlation, the value of the correlation coefficient is: |
| A. | -1 |
| B. | +1 |
| C. | ±1 |
| D. | 0 |
| Answer» C. ±1 | |
| 100. |
When the correlation coefficient r = ±1, the two regression lines: |
| A. | are perpendicular to each other |
| B. | are parallel to each other |
| C. | coincide |
| D. | do not exist |
| Answer» C. coincide | |
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