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PPSC Economics Chapter 12 Statistics In Economics MCQs With Answers
Question # 1
"More reliable results can be obtained through sampling method" because.
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Statistical error is low
Saves time
Cost is low
None of the above
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Question # 2
Quantitative characteristics includes.
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Beauty
Emotion
Intelligence
Data
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Question # 3
Inferential statistics is the branch of statistics which helps in inferring.
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Sample value
Population value
Botha a and b
None of these
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Question # 4
What characteristic does statistics emphasizes, as a Method or as a singular noun.
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Descriptive
Analytical
Inferential
Comparative
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Question # 5
Statistics are affected to a market extend by
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Aggregate of facts
Multiplicity of causes
Numerically stated
Complex manifestations
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Question # 6
When the population is badly affected, which type of sampling is appropriate.
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Systematic sampling
Stratified sampling
Cluster sampling
None of the above
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Question # 7
Measure of skewness gives.
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Direction of skewness
Extent of skewness
Both a and b
None of these
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Question # 8
To study the variation in the production of rice over a number of years, select from the following, the appropriate sample for drawing results that reflects only small variations.
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Collect data from some states
Collect data from all the states
Collect data from one or two states
Collect data from more than half the number of states.
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Question # 9
Gender is categorized as
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Nominal data
Ordinal data
Interval data
Ratio data
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Question # 10
What does statistics of distribution indicates.
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Consumer preference
Strength of the desire of people
Wealth of nation
Economics conditions of people
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Question # 11
The most frequently occurring score in a distribution
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Mean
mode
Median
Quartile
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Question # 12
A statistic in inferential statistics is related to which of the following.
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Sample
Population
Botha a and b
None of these
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Question # 13
Which provide a shorthand summary of data.
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Frequency table
Simple table
Cross table
Two way table
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Question # 14
For a positively skewed distribution.
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mean > mode ? median
mean > median > mode
mode > mean > median
mean < mode < median
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Question # 15
The law of inertia of large numbers means.
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Opposite of the law od statistical regularity.
Same to the law of statistical Regularity
Sample in large numbers create big variations in results.
opposite to the mathematical theory of probability
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Question # 16
Data is collected with reasonable standard of.
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Numerical method
Feasibility
Accuracy
All of the above
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Question # 17
Academic community is otherwise called.
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General public
Target audience
Participant audience
Scientific community
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Question # 18
What is the characteristic of the sample which is selected randomly.
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It is not average of the whole
It would be representative
It would not be equal to the population
All of the above
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Question # 19
The extent of variability is measured by
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Central tendency
Measures of dispersion
Arithmetic mean
Co relation
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Question # 20
What is the process of summarizing raw data and displaying them on compact statistical tables for further analysis.
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Statistical analysis
Data processing
Tabulation
Table construction
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