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PPSC Economics Chapter 12 Statistics In Economics MCQs With Answers
Question # 1
The term skewness refers to.
Choose an answer
Bulginess
Lack of symmetry
symmetrical
Normal
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Question # 2
If the same amount is added to or subtracted from all the values, standard deviation shall be.
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Changed
Unchanged
Both
None
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Question # 3
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 # 4
Which device is good to measure variation in open end distribution.
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Quartile deviation
Range
Mean deviation
Variance
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Question # 5
Which of the following are functions of inferential statistics.
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Estimation
Testing of hypothesis
Both a and b
None of these
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Question # 6
The extent of variability is measured by
Choose an answer
Central tendency
Measures of dispersion
Arithmetic mean
Co relation
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Question # 7
To basic objective of sampling study is.
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To draw inference
To check units of population
To collect numerical data
To make census
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Question # 8
Data is collected with reasonable standard of.
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Numerical method
Feasibility
Accuracy
All of the above
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Question # 9
Statistics should be capable of.
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Empiricism
systematic inquiry
Comparison
Evolution
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Question # 10
Quantitative characteristics includes.
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Beauty
Emotion
Intelligence
Data
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Question # 11
Sum of squares of the deviations about mean is.
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Maximum
Minimum
zero
one
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Question # 12
National sample survey scheme is an example for
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Government policy
Planning
Population analysis
Business
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Question # 13
Estimation is the process of.
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Formulating some hypothesis about the population
Inferring statistic from parameter
Testing some hypothesis about eh population
Inferring parameter from statistic
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Question # 14
It is a process of checking to detect and correct errors and omissions.
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Coding
Editing
Analysis
Classifications
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Question # 15
According to Lincoln, I. Chao what is the primary objective of modern statics.
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Presentation of data
Collection of quantitative data
Assisting in making decisions
Summarization of data
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Question # 16
Which of the following is true about skewed distribution.
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It is symmetrical
Mean, median and mode concede
Similar to normal distribution.
The more mean moves away from mode larger skewness
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Question # 17
i- statistical laws are not exact
ii- statistics reveals the entire story
choose the correct from the following.
Choose an answer
Both the statements are correct
Only the first statement is correct
Only the second statement is correct
Both the statements are wrong.
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Question # 18
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 # 19
Which characteristic of the following is not belonging to statistics as a method.
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A tool of analysis
Helps processing the raw
Descriptive nature
Processing done by systematic analysis and interpretation
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Question # 20
Which of the following are function of inferential statistic.
Choose an answer
Estimation
Testing of hypothesis
both a and b
None of these
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Question # 21
Which of the following index numbers is an important statistical concept in economic theory.
Choose an answer
Per capita income
Cost of living
Gross National product
Maximum Retail price
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