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PNQN Poqn: Businessstatisics (MCQS) 1. 2. 3

The document contains a collection of multiple choice questions related to statistics and probability. The questions cover topics such as index numbers, averages, probability, modes, and classifications of statistical concepts. Correct answers are identified for each question through the multiple choice options provided.

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Muhammad Usman
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33 views1 page

PNQN Poqn: Businessstatisics (MCQS) 1. 2. 3

The document contains a collection of multiple choice questions related to statistics and probability. The questions cover topics such as index numbers, averages, probability, modes, and classifications of statistical concepts. Correct answers are identified for each question through the multiple choice options provided.

Uploaded by

Muhammad Usman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BusinessStatisics ( MCQS )

1. The mode of “ STATISTICS” is


A S B S and T C C D None Of These
2. In a fixed base method which period is always taken as 100 :
A Preceeding B Following C Current D Base
3. Price and quantities both are used for computing :
A Weighted Index B Price relatives C Link relatives D Chain relatives
Nos.
4. ∑ PnQn
The index number given by х 100 is :
∑ PoQn
A Retail Price Index B Cost of living C Consumer’s D Current Period
No. Index No. price Index No. Weighted
5. Consumer’s Price Index Number may be obtained by :
A Laspeyre’s B Paasche’s formula C Fisher’s formula D Link Relatives
formula formula
6. Base year quantities are used as weights in :
A Laspeyre’s Index B Paasche’s Index C Fisher’s Index D Chain Index No.
No. No. No.
7. In chain base method , the base period is :
A Fixed B Normal C Constant D None of these
8. The probability of an event cannot be :
A 0 B ¿0 C ¿0 D 1
9. The probability of an event cannot be :
A 0 B ¿1 C ¿1 D 1
10. Probability of an event always lies between :
A -1 and 0 B -1 and 1 C 0 and 1 D 1 and 2
11. A single letter is selected at random from the word “ PROBABILITY “ then probability of
vowel letter is :
A 2 B 3 C 4 D 7
11 11 11 11
12. Which of the following averages is affected by extreme values :
A A.M B G.M C H.M D Median
13. Which of the following is unaffected by extreme values :
A Mean B Median C Mode D Both A & B
14. Which of the following average can have more than one value :
A A.M B H.M C Median D Mode
15. If a distribution has two modes, then it is called :
A Uni-model B Bi-model C Tri-model D Multi model
16. Probability of an impossible event is :
A Zero B One C Less than one D Less than zero
17. Which of the following is called an Ideal Index number :
A Laspeyre B Paasches C Fisher D All of these
18. The probability of an impossible event is equal to zero :
A Always B Never C Oftenly D None of these
19. Probability of sure event is always :
A 0 B 1 C Not possible D None of these
20. Probability is the measurement of :
A Certainty B Chances C Uncertainty D Both B & C
21 Index numbers are basically classified into :
A 2 catagories B 3 catagories C 4 catagories D 5 catagories
22 Price relatives are used in :
A Chain base B Fisher’s method C Fixed base D Link relatives
method method
23 Which is an impossible event when a die is rolled :
A 2 or 3 B 5 or 6 C 1 D 0 or 7
24 Index numbers are expressed in :
A Ratios B Squares C Percentages D Combinations
25 Mode of a constant is :
A Zero B Undefined C Not exist D None of these
26 An index number computed for single variable is called :
A Aggregative Index B Composite Index C Chain Index D Simple Index

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