Question # 1

The index numbers are calculated in.

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Ratios

Percentages

Decimal

Fractions

Classification of data on the basis of difference is quantity is called

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Spatial classification

Temporal classification

Qualitative classification

Quantitative classification

The number of trees in a garden represent.

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Continuous data

Discrete data

Qualitative data

Quantative data

The most suitable average for computation of index numbers is.

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G.M

Median

A.M

Mode

Three books of different colours are to be arranged in a rack the possible arrangement are.

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3

6

9

12

The difference between the upper and the lower class boundaries of a class is known as.

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Class marks

Class limit

Class interval

Range

The general purchasing power of currency is determined by.

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Volume index

Composite index

Whole sale price index

Retail price index

If the data contains an extreme value, the suitable average is.

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Mode

Median

Mean

G.M

The heading for differnet rows are called.

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Rows captions

Column captions

Stubs

Both a and c

When two dice are rolled, the maximum total on the two faces of the dice will be.

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1

4

12

36

In statistics, collection of related obserations is called.

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Data

Information

Attribute

In a statistical table column captions are also called.

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Stubs

Box heads

Prefactory spaces

Body

The presentation of available data in aaseending or descending order of magnitude called.

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Classification

Tabulation

Array

Random

The sum of deviation in zero when deviations are taken from

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Median

Mode

Mean

Geometric mean

Which of the following is called an ideal index number.

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Paasche's index number

Laspeyre's index number

Marshal's index number

Fisher's index number

A qualitative variable is also caled.

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Statistic

Parameter

Constant

Attribute

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Business Statistics Icom Part 2 English Medium Online Test MCQs With Answers

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