MCQOPTIONS
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MCQOPTIONS
This section includes 171 Mcqs, each offering curated multiple-choice questions to sharpen your Economics (CBCS) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The graph of the normal distribution depends on: |
| A. | Mean and standard deviation |
| B. | Harmonic and standard deviation |
| C. | Harmonic mean |
| D. | Standard deviation |
| Answer» B. Harmonic and standard deviation | |
| 2. |
Dividing upper and lower limits of a particular class we get: |
| A. | Class interval |
| B. | Class frequency |
| C. | Class boundary |
| D. | Class mark |
| Answer» E. | |
| 3. |
____________use the division of a circle into different sectors. |
| A. | Conversion graphs |
| B. | Frequency polygon |
| C. | Sector graph |
| D. | Line graph |
| Answer» D. Line graph | |
| 4. |
Graph of time series is called |
| A. | Polygon |
| B. | Histogram |
| C. | Ogive |
| D. | Historigram |
| Answer» E. | |
| 5. |
Cumulative Frequency is _____________frequency. |
| A. | Increasing |
| B. | Decreasing |
| C. | Fixed |
| D. | None of these |
| Answer» B. Decreasing | |
| 6. |
Total angles in Pie Chart |
| A. | 360 |
| B. | 90 |
| C. | 180 |
| D. | 45 |
| Answer» B. 90 | |
| 7. |
A Histogram is a set of adjacent |
| A. | Rectangles |
| B. | Triangles |
| C. | Squares |
| D. | Lines |
| Answer» B. Triangles | |
| 8. |
The process of systematic arrangement of data in rows and columns is called |
| A. | Array |
| B. | Tabulation |
| C. | Classification |
| D. | None of these |
| Answer» C. Classification | |
| 9. |
While constructing frequency distribution, the number of classes used depends upon |
| A. | Number of observation |
| B. | Size of class |
| C. | Range of data |
| D. | None of these |
| Answer» C. Range of data | |
| 10. |
Data which have been arranged in ascending or descending order is called_______ data? |
| A. | Grouped data |
| B. | Classified |
| C. | Array |
| D. | Ungrouped data |
| Answer» D. Ungrouped data | |
| 11. |
The graph of frequency distribution is called |
| A. | Curve |
| B. | Histogram |
| C. | Cumulative Frequency Polygon |
| D. | Ogive |
| Answer» C. Cumulative Frequency Polygon | |
| 12. |
The graph of a cumulative frequency distribution is called |
| A. | Frequency polygon |
| B. | Histogram |
| C. | Cumulative frequency polygon |
| D. | Ogive |
| Answer» E. | |
| 13. |
In constructing a histogram, if the class interval size of one class is double than others, then the width of that bar should be? |
| A. | Doubled |
| B. | Half |
| C. | One |
| D. | Quarter |
| Answer» B. Half | |
| 14. |
Component bar charts are used when data is divided into |
| A. | Parts |
| B. | Groups |
| C. | Circles |
| D. | None of these |
| Answer» C. Circles | |
| 15. |
In pie- chart, the arrangement of the angles of the different sectors is generally? |
| A. | Anti-clockwise |
| B. | Arrayed |
| C. | Clock-wise |
| D. | Alternative |
| Answer» D. Alternative | |
| 16. |
The graphs of the symmetrical distribution are? |
| A. | J-shaped |
| B. | U-shaped |
| C. | Bell-shaped |
| D. | None of these |
| Answer» D. None of these | |
| 17. |
The production of goods is decreasing, this stage is called: |
| A. | Recovery |
| B. | Boom |
| C. | Prosperity |
| D. | Recession |
| Answer» E. | |
| 18. |
The cost of living index number is essentially a |
| A. | Simple index number |
| B. | Weighted index number |
| C. | Cross index number |
| D. | Retail price index number |
| Answer» E. | |
| 19. |
Which of the following is not a measurement of trend? |
| A. | Graphic method |
| B. | Method of moving averages |
| C. | Method of composite straight lines |
| D. | Method of semi-averages |
| Answer» D. Method of semi-averages | |
| 20. |
Which of the following is an ideal index number? |
| A. | Paasche's index number |
| B. | Fisher's index number |
| C. | Laspeyres' index number |
| D. | Marshall-Edgeworth index number |
| Answer» C. Laspeyres' index number | |
| 21. |
Which of the following is not a component of time series? |
| A. | Regular variations |
| B. | Seasonal variations |
| C. | Irregular variations |
| D. | Cyclical variations |
| Answer» B. Seasonal variations | |
| 22. |
Laspeyres' index number may be said to give |
| A. | Upper limit to the price change |
| B. | Lower limit to the price change |
| C. | Demand limit to the price change |
| D. | Supply limit to the price change |
| Answer» B. Lower limit to the price change | |
| 23. |
Laspeyres' index formula uses the weight of the |
| A. | Previous year |
| B. | Current year |
| C. | Base year |
| D. | Next year |
| Answer» D. Next year | |
| 24. |
In the measurement of trend, semi-average method is desired to be applied only when the trend is |
| A. | Convex and semi-convex |
| B. | Non-linear |
| C. | Quadratic and concave |
| D. | Linear or approximately linear |
| Answer» E. | |
| 25. |
P0 indicates |
| A. | Price of the current year |
| B. | Price of the base year |
| C. | Price of the last year |
| D. | Price of previous year |
| Answer» C. Price of the last year | |
| 26. |
Base period for an index number should be a |
| A. | Normal period |
| B. | Year only |
| C. | Period at distant past |
| D. | Next year |
| Answer» B. Year only | |
| 27. |
What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices? |
| A. | Wholesale Price Index |
| B. | Consumer's Price Index |
| C. | Volume Index Number |
| D. | Composite index |
| Answer» C. Volume Index Number | |
| 28. |
Purchasing power of money can be assessed through: |
| A. | Simple index |
| B. | Fisher s index |
| C. | Composite index |
| D. | Consumer price index |
| Answer» E. | |
| 29. |
When index number is calculated for several variables, it is called: |
| A. | Composite index |
| B. | Whole sale price index |
| C. | Simple index |
| D. | Price index |
| Answer» B. Whole sale price index | |
| 30. |
The graph of time series is called: |
| A. | Polygon |
| B. | Frequency curve |
| C. | Ogive |
| D. | Histogram |
| Answer» E. | |
| 31. |
Fisher's ideal index number is the geometric mean of the: |
| A. | Laspeyre's and Marshall Edgeworth indices |
| B. | Laspeyre's and Paasche's indices |
| C. | Paasche's and Marshal Edgeworth indices |
| D. | Square root of Laspeyre s |
| Answer» C. Paasche's and Marshal Edgeworth indices | |
| 32. |
The secular trend is measured by the method of semi-averages when: |
| A. | Time series based on yearly values |
| B. | Trend is linear |
| C. | Time series consists of even number of values |
| D. | Trend is non-linear |
| Answer» C. Time series consists of even number of values | |
| 33. |
The method of moving average is used to find the: |
| A. | Secular trend |
| B. | Seasonal variation |
| C. | Cyclical variation |
| D. | Irregular variation |
| Answer» B. Seasonal variation | |
| 34. |
The best fitting trend is one in which the sum of squares of residuals is: |
| A. | Negative |
| B. | Least |
| C. | Zero |
| D. | high |
| Answer» C. Zero | |
| 35. |
The long term trend of a time series graph appears to be: |
| A. | Straight-line |
| B. | Upward |
| C. | Parabolic curve or third degree curve |
| D. | Downward |
| Answer» D. Downward | |
| 36. |
Moving average method is used for measurement of trend when: |
| A. | Trend is linear |
| B. | Trend is non linear |
| C. | Trend is curvilinear |
| D. | Trend is irregular |
| Answer» B. Trend is non linear | |
| 37. |
The rise and fall of a time series over periods longer than one year is called: |
| A. | Seasonal variation |
| B. | Irregular variation |
| C. | Cyclical variation |
| D. | Moving average |
| Answer» D. Moving average | |
| 38. |
R2 is the mathematical notation for |
| A. | The coefficient of variation |
| B. | Pearson s co-efficient of correlation |
| C. | The coefficient of determination |
| D. | The coefficient of Alienation |
| Answer» D. The coefficient of Alienation | |
| 39. |
Let the coefficient of determination computed to be 0.39 in a problem involving one independent variable and one dependent variable. This result means that |
| A. | The correlation coefficient is 0.39 also |
| B. | 39% of the total variation is explained by the independent variable |
| C. | 39% of the total variation is explained by the dependent variable |
| D. | Rank correlation coefficient is 0.61 |
| Answer» C. 39% of the total variation is explained by the dependent variable | |
| 40. |
The relationship between correlation coefficient and coefficient of determination is that |
| A. | Both are unrelated |
| B. | Coefficient of correlation is the square root of the coefficient of determination |
| C. | The coefficient of determination is the square root of the coefficient of correlation |
| D. | The coefficient of determination is the coefficient of correlation squared |
| Answer» C. The coefficient of determination is the square root of the coefficient of correlation | |
| 41. |
Which of the following values could not represent a correlation coefficient? |
| A. | r = 0.99 |
| B. | r = 0.02 |
| C. | r = -0.73 |
| D. | r = 1.09 |
| Answer» E. | |
| 42. |
In the regression equation Y = 21 3x, the slope is |
| A. | 21 |
| B. | 3 |
| C. | -3 |
| D. | 18 |
| Answer» D. 18 | |
| 43. |
If covariance of X and Y is 20, the standard deviation of X is 8 and standard deviation of Y is 5 then the value of coefficient of correlation is |
| A. | 1.5 |
| B. | 1 |
| C. | 0.5 |
| D. | 0.25 |
| Answer» D. 0.25 | |
| 44. |
In regression analysis, R is also called the |
| A. | residual |
| B. | coefficient of correlation |
| C. | Coefficient of variation |
| D. | coefficient of determination |
| Answer» E. | |
| 45. |
A price relative is |
| A. | An imaginary number |
| B. | A complex number |
| C. | A pure number |
| D. | None of these |
| Answer» D. None of these | |
| 46. |
The correlation coefficient is the of two regression coefficients: |
| A. | Median |
| B. | Arithmetic mean |
| C. | Harmonic mean |
| D. | Geometric mean |
| Answer» B. Arithmetic mean | |
| 47. |
If X and Y in a regression model are totally unrelated, then |
| A. | The correlation coefficient would be -1 |
| B. | The coefficient of determination would be o |
| C. | The coefficient of determination would be 1 |
| D. | The coefficient of coefficient would be 1 |
| Answer» E. | |
| 48. |
The coefficient of correlation for a problem was calculated to be 0.36. The coefficient of determination for this would be |
| A. | 0.72 |
| B. | 0.13 |
| C. | 0.36 |
| D. | 1 |
| Answer» C. 0.36 | |
| 49. |
If the value of correlation coefficient between X and Y is 0 then |
| A. | Positive correlation between X and Y |
| B. | Negative correlation between X and Y |
| C. | Absence of Correlation between X and Y |
| D. | Perfectly positive correlation between X and Y |
| Answer» D. Perfectly positive correlation between X and Y | |
| 50. |
In simple linear regression, the numbers of unknown constants are: |
| A. | two |
| B. | three |
| C. | four |
| D. | five |
| Answer» B. three | |