PPSC Economics Chapter 12 Statistics In Economics With Answers

PPSC Economics Chapter 12 Statistics In Economics

Sr. # Questions Answers Choice
1 Which among the following is the sensible theory of sampling. Induction Inertia Regularity None of the above
2 "More reliable results can be obtained through sampling method" because. Statistical error is low Saves time Cost is low None of the above
3 Which among the following is not an essential of sampling. Representativeness Complete Same Dependent
4 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. 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.
5 The law of inertia of large numbers means. 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
6 What is the characteristic of the sample which is selected randomly. It is not average of the whole It would be representative It would not be equal to the population All of the above
7 The mathematical theory of probability has helped to form the. Statistical theory Law of inertia of large numbers Law of statistical Relativity Law of statistical Regularity
8 To basic objective of sampling study is. To draw inference To check units of population To collect numerical data To make census
9 What is embodies sampling. Haphazard selection Numbers Definite rules Accuracy
10 What is the reason for dropping the enumeration process. Cost is prohibitive Time consuming Large efforts All of the above
11 Which among the following is not a merit of the census method. Results are representative Information on rare events Result are reliable In appropriate method for enumeration
12 i- statistical laws are not exact
ii- statistics reveals the entire story
choose the correct from the following.
 Both the statements are correct Only the first statement is correct Only the second statement is correct Both the statements are wrong.
13 Which among the following is a material for statics. Honesty Poverty Wisdom Numerical data
14 What is the reason for the necessity of statistics in the field of social sciences. Simplification and quantitative approach Knowledge acquisition and description Easiness and analytical all of the above
15 What does Social Researchers seek out of vast and confusing variety of individual characters. Generalizations Decisions Single events group characteristics
16 What are the two broad functions of statistical methods in social research. Description and summarizing Description and indication Description and induction Applied Mathematics and induction
17 National sample survey scheme is an example for Government policy Planning Population analysis Business
18 Which of the following is a reason for misuse of statistics. data can be manipulated Figures are convincing Figures can be used to mislead readers All of the above
19 Which of the following index numbers is an important statistical concept in economic theory. Per capita income Cost of living Gross National product Maximum Retail price
20 What does statistics of distribution indicates. Consumer preference Strength of the desire of people Wealth of nation Economics conditions of people
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