Scribd
Upload
48 views3 pages

Ch-1 STATISTIC FOR ECONOMICS - Part 1

This document is an assignment for Class XI Economics at Amity International School, focusing on the concept of economics and the significance of statistics. It includes multiple-choice questions (MCQs) covering topics such as the interpretation and presentation of data, types of statistics, and assertions related to economic activities. The assignment aims to assess students' understanding of key economic concepts and the role of statistics in economics.

Uploaded by

cristee arora
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
48 views3 pages

Ch-1 STATISTIC FOR ECONOMICS - Part 1

This document is an assignment for Class XI Economics at Amity International School, focusing on the concept of economics and the significance of statistics. It includes multiple-choice questions (MCQs) covering topics such as the interpretation and presentation of data, types of statistics, and assertions related to economic activities. The assignment aims to assess students' understanding of key economic concepts and the role of statistics in economics.

Uploaded by

cristee arora
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

AMITY INTERNATIONAL SCHOOL, MAYUR VIHAR

SUBJECT: ECONOMICS
CLASS XI
DATE: 29/04/25
CHAPTER 1 – CONCEPT OF ECONOMICS& SIGNIFICANCE OF STATISTICS IN ECONOMICS
(CBQs)
ASSIGNMENT - 1

1 MARKS QUESTIONS (MCQ)

1. With regards to distrust of Statistics which of the following statements is not correct?
(a) Statistics is a rainbow of lies
(b) Statistics are tissues of falsehood
(c) Statistics express the facts in numbers
(d) There are three kinds of lies-lies, damned lies, and statistics

2. Identify the incorrect set of statements from the set of statements given below in column I and
column II.
Column I Column II
(a) Interpretation of data (i) Drawing conclusions
(b) Presentation of data (ii) Table, graphs, and diagrams
(c) Statistics (iii) Not numerically expressed
(d) Scarcity of resources (iv) A cause of economic problem

3. Which of the following statements is not an example of Statistics? (1)


(a) Birth rate in India is 18 per thousand as compared to 8 per thousand in the US.
(b) Ramesh has a Rs. 100 notes in his pocket.
(c) Over the last 10 years, India has won 60 text matches in cricket and lost 50.
(d) Average pocket allowance of the students of Class XI is Rs. 500 per month.

3. Identify odd one out:


(a) Purchase of shirt for office
(b) Foreign aid received from USA for flood victims
(c) Teacher teaching in a school
(d) Production of shirts in a factory

4. Read the following statements carefully:


Statement 1: Statistics can only deal with quantitative data.
Statement2: Statistics solves economic problems.
In the light of the given statements, choose the correct alternative:
(a) Statement 1 is true and statement 2 is false
(b) Statement 1 is false and statement 2 is true
(c) Both statements 1 and 2 are true
(d) Both statements 1 and 2 are false

5. Statistics are true only an________.

AISMV/SR-25/ECO/WS
(a) average (b) estimation (c) observation (d) experiment

6. Choose the correct sequence of stages of statistical study:


(a) Organisation of data, analysis of data, presentation of data, collection of data, interpretation
of data.
(b) Collection of data, interpretation of data, organisation of data, analysis of data, presentation
of data.
(c) Collection of data, organisation of data, presentation of data, analysis of data, interpretation
of data.
(d) Collection of data, organisation of data, analysis of data, presentation of data, interpretation
of data.

7. Match the Column:


Column I Column II
(a) Command price (i) Adam Smith
(b) Father of Economics (ii) Economic activities
(c) Air and rainfall (iii) Economic goods
(d) Activities undertaken to earn a living (iv) Non-economic goods
(a) a iii, b i, c iv, d ii (b) a ii, b i, c iv, d iii
(c) a iv, b i, c iii, d ii (d) a iii, b iv, c i, d ii

8. Read the following statements carefully:


Statement 1: Statistics can be used only by those persons who have special knowledge of
statistical methods.
Statement 2: Inferential Statistics refers to those methods by which conclusions are drawn
relating to the population based on a given sample.
In the light of the given statements, choose the correct alternative:
(a) Statement 1 is true and statement 2 is false
(b) Statement 1 is false and statement 2 is true
(c) Both statements 1 and 2 are true
(d) Both statements 1 and 2 are false

9. From the set of the statements given in column I and Column II, choose the correct pair of
statements.
Column I Column II
(A) Consumption (i) The process of converting raw material into useful things.
(B) Statistics (ii) It means some qualitative information.
(C) Investment (iii) It is an act of abstinence from consumption.
(D) Inferential Statistics (iv) It refers to all such methods by which conclusions are
drawn relating to the universe on the basis of a given sample.
(a) A (i) (b) B(ii) (c) C (iii) (d) D(iv)

10. Statistics in Plural Sense means:


(a) Statistical Data (b) Descriptive Statistics
(c) Statistical Methods (d) Inductive Statistics

AISMV/SR-25/ECO/WS
11. Read the following statements: Assertion (A) and Reason (R). Choose one of the correct
alternatives given below:
Assertion (A): Statistics deals with the collection, organisation, presentation, analysis and
interpretation of data.
Reason (R): Statistics are aggregates of facts affected by multiplicity of causes.
(a) Both Assertion (A) and Reason (R) are true and reason (R) is the correct explanation of
Assertion (A).
(b) Both Assertion (A) and Reason (R) are true but reason (R) is not the correct explanation of
Assertion (A).
(c) Assertion (A) is true but Reason (R) is false.
(d) Assertion (A) is false but Reason (R) is true.

12. Assertion(A): Human Activities are broadly divided as economic activities and non-
economic activities.
Reason (R): Non-economic activities are undertaken without any expectation of monetary
benefits.

13. Assertion (A): Statistics also helps in condensing mass data into a few numerical measures
such as mean, variance etc.
Reason (R): These numerical measures help to summaries data.

14. Assertion (A): Statistics should be enumerated or estimated according to a reasonable


standard of accuracy.
Reason (R): If the area of investigation is limited, then the investigator uses the methods of
enumeration to collect data and if the scope of enquiry is wide then the investigator collects data
by the method of estimation.
explanation of Assertion(A)

15. Assertion (A): Statistics help in solving economic problems.


Reason (R): Statistics is considered as an indispensable tool for understanding economic
problems.

AISMV/SR-25/ECO/WS

You might also like