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M.C.Q (1 Marks)

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10 questions · timed · auto-graded

MCQ 11 Mark
Calculate the correlation coefficient between x and y and comment on their relationship
X321123
Y941149
  • A
    $0.47$
  • B
    $0.25$
  • C
    $0.0$
  • $0.99$
Answer
Correct option: D.
$0.99$
(d) 0.99
Explanation:
XYdXdY$d X^2$$d Y^2$dXdY
39151255
2(A)4(A)00000
11-1-3193
11-1-3193
2400000
39151255
$\sum$0446816
$\begin{array}{l} r =\frac{N \sum X Y-\sum X \sum Y}{\sqrt{N \sum X^2-\left(\sum X\right)^2} \sqrt{N \sum Y^2-\left(\sum Y\right)^2}} \\ =\frac{6(16)-(0)(4)}{\sqrt{6(4)-(0)^2} \sqrt{6(68)-(4)^2}}=0.99\end{array}$
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MCQ 21 Mark
Laspayer's index is based on
  • Base year quantities
  • B
    Base year Prices
  • C
    Current year quantities.
  • D
    Average of current and base year
Answer
Correct option: A.
Base year quantities
(a) Base year quantities
Explanation: A weighted aggregative price index using base period quantities as weights, is also known as Laspeyre’s price index.
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MCQ 31 Mark
If you are interested in how the government expenditure have fluctuated over time, it would be best to use:
  • A
    Pie graph
  • Time series graph
  • C
    Histogram
  • D
    Frequency Curves
Answer
Correct option: B.
Time series graph
(b) Time series graph
Explanation: Expenditure over time implies time series data.
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MCQ 41 Mark
1 lac people attended the rally addressed by the Prime Minister in Delhi and 2 Lakh in Mumbai. These statistics are based on
  • A
    Collection
  • B
    Accuracy
  • Estimation
  • D
    Reasonability
Answer
Correct option: C.
Estimation
(c) Estimation
Explanation: Such huge data cannot be collected as doing so is costlier in terms of time, money, and manpower. So, estimation is the only way in such cases.
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MCQ 51 Mark
Simple aggregate of quantities is a type of
  • Quantity indices
  • B
    Quantity control
  • C
    Both Quality control and Quantity Indices
  • D
    Price control
Answer
Correct option: A.
Quantity indices
(a) Quantity indices
Explanation: Quantity indices is a type of Simple aggregate of quantities. This index number measures the changes in the level of quantities of items consumed, or produced, or distributed during a year understudy with reference to another year known as the base year. Like the price index number, the simplest formula of this index number is as follows:
$ Q_{01}=\left(q_1 / q_0\right) \times 100 $
Where, $Q _{01}=$ quantity index number of the current year on the basis of the base year's quantity.
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MCQ 61 Mark
An index that is designed to measure changes in quantities over time is known as the
  • A
    Time index
  • B
    None of these
  • Quantity index
  • D
    Paasche index
Answer
Correct option: C.
Quantity index
(c) Quantity index
Explanation: Index numbers measure changes in variables with respect to time. Quantity of anything is a variable. So, when current year quantity is compared with base year quantity, we have quantity index number.
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MCQ 71 Mark
Calculate price index number for 2004 taking 1994 as the base year from the following data by simple aggregative method:
CommoditiesABCDE
Price (1994) (Rs)10040106090
Price (2004) (Rs)140602070100
  • A
    140
  • B
    150
  • C
    120
  • 130
Answer
Correct option: D.
130
(d) 130
Explanation:
CommoditiesABCDE
Price (1994) (Rs)10040106090
Price (2004) (Rs)140602070100
$=140+60+20+70+\frac{100}{100}+40+10+60+90 \times 100=130$
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MCQ 81 Mark
When X increases, Y decreases but their ratio is not constant. What kind of correlation exist between X and Y?
  • A
    Positive Linear
  • B
    Negative Linear
  • C
    Positive
  • Negative Non Linear
Answer
Correct option: D.
Negative Non Linear
(d) Negative Non Linear
Explanation: Since one variable increases and the other decreases, but the ratio of change is not constant, so it is a negative non linear correlation. In non linear correlation, the amount of change in one variable does not bear a constant ratio to the amount of change in the other related variable.
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MCQ 91 Mark
A composite price index based on the prices of a group of items is known as the
  • A
    Laspeyres Index
  • B
    CPI
  • C
    Paasche Index
  • Aggregate price index
Answer
Correct option: D.
Aggregate price index
(d) Aggregate price index
Explanation: A composite index number is a number that measures an average relative changes in a group of relative variables with respect to base whereas a simple index number is a number that measures a realive change in a single variable with respect to base.So, composite index number is based on an aggregate of items.
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MCQ 101 Mark
Assertion (A): Interpretation of data implies the drawing of a conclusion on the basis of the data analyzed in the earlier stage.
Reason (R): Calculation of value by different methods and tools for various purposes is made to arrive at the last stage of study viz., interpretation of data.
  • A
    Both A and R are true and R is the correct explanation of A.
  • Both A and R are true but R is not the correct explanation of A.
  • C
    A is true but R is false.
  • D
    A is false but R is true.
Answer
Correct option: B.
Both A and R are true but R is not the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
Explanation: Interpretation of data implies the drawing of a conclusion on the basis of the data analyzed in the earlier stage. Calculation of value by different methods and tools for various purposes is made to arrive at the last stage of study viz., interpretation of data.
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M.C.Q (1 Marks) - Economics STD 11 Commerce Questions - Vidyadip