This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 25201. |
In ---- signs are ignored (a) S.D (b)Mean (c) Both (d) None |
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Answer» In S.D signs are ignored |
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| 25202. |
Type of bar diagram is:a) Pictogramb) Sub divided diagramc) Line diagramsd) Pie diagram |
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Answer» Type of bar diagram is Sub divided diagram |
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| 25203. |
Squre of Standard Deviation is known as (a) Range (b) Variance (c) Quartile (d) none |
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Answer» (b) Variance |
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| 25204. |
The algebraic sum of deviations of values of a variable from its arithmetic mean is ……………a. -1 b. 1 c. 2 d. 0 |
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Answer» The algebraic sum of deviations of values of a variable from its arithmetic mean is 0. |
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| 25205. |
The value of a variant that occurs most often is called …………a. median b. mode c. mean d. none |
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Answer» The value of a variant that occurs most often is called mode. |
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| 25206. |
Measures of central tendency is also known as measures of …………a. central calculation b. central location c. central information d. central data |
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Answer» Measures of central tendency is also known as measures of central location. |
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| 25207. |
Short cut method for calculating arithmetic mean also known asa. assumed average methodb. Assumed variable methodc. Assumed mean methodd. All of these |
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Answer» Short cut method for calculating arithmetic mean also known as Assumed mean method |
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| 25208. |
By definition of randomness, each _______ has the same chance of being considered. a) Possible entityb) Probable entityc) Random entityd) Observed entity |
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Answer» By definition of randomness, each Possible entity has the same chance of being considered. |
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| 25209. |
What are Class Limits? |
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Answer» The two values which determine a class are known as class limits. First or the smaller one is known as lower limit (L1) and the greater one is known as upper limit (L2) |
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| 25210. |
Standard deviation of a series can have minimum value of ----- (a) Zero (b) One (c) Two (d) Three |
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Answer» Standard deviation of a series can have minimum value of Zero. |
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| 25211. |
The most important measure of dispersion (a) Range (b) Mean deviation (c) Standard deviation (d) Quartile deviation |
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Answer» (c) Standard deviation |
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| 25212. |
……………. is non negative a. standard deviation b. mean deviation c. variance d. harmonic mean |
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Answer» Standard deviation is non negative. |
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| 25213. |
Standard Deviation was First used by (a) Karl Pearson (b) Horas Secrist (c) Lorance (d) Spearman] |
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Answer» (a) Karl Pearson |
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| 25214. |
What is Manifold Classification? |
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Answer» When the data are classified into more than two classes according to more than one attribute, it is called manifold classification. |
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| 25215. |
From the following which is not a problem in the construction of Index numbers? a. understanding of the purpose b. selection of commodities c. selection of base d. selection of price |
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Answer» d. selection of price |
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| 25216. |
Index numbers may be constructed to reflect percentage changes in ………….. a. prices b. wages c. transport costs d. All of these |
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Answer» d. All of these |
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| 25217. |
Q . D is ---- of more algebraic treatment (a) Capable (b) Not capable (c) either capable or not (d) None |
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Answer» Q . D is Capable of more algebraic treatment |
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| 25218. |
How are Arithmetic Mean, Geometric Mean and Harmonic Mean related to each other? Why is Arithmetic Mean greater than the Geometric Mean and Geometric Mean is greater than the Harmonic Mean. |
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Answer» Relation between arithmetic mean, geometric mean and harmonic mean can be given by - (i) X > g > h and (ii) g2 = X.h. While calculating arithmetic mean, the bigger values are given more weightage than the small values, whereas in harmonic mean the smaller values are given much more weightage than to the larger values. Therefore, arithmetic mean is greater than geometric mean and geometric mean is greater than harmonic mean. |
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| 25219. |
What is the meaning of Classification? Give objectives of Classification and essentials of an ideal classification. |
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Answer» Classification is the process of arranging data into various groups, classes and sub-classes according to some common characteristics of separating them into different but related parts. Main objectives of Classification :- (i) To make the data easy and precise (ii) To facilitate comparison (iii) Classified facts expose the cause-effect relationship. (iv) To arrange the data in proper and systematic way (v) The data can be presented in a proper tabular form only. Essentials of an Ideal Classification :- (i) Classification should be so exhaustive and complete that every individual unit is included in one or the other class. (ii) Classification should be suitable according to the objectives of investigation. (iii) There should be stability in the basis of classification so that comparison can be made. (iv) The facts should be arranged in proper and systematic way. (v) Data should be classified according to homogeneity. (vi) It should be arithmetically accurate. |
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| 25220. |
Measures of dispersion are statistical devices to measure the ----- in a series (a) Variability (b) Convertibility (c) Flexibility (d) None |
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Answer» Measures of dispersion are statistical devices to measure the Variability in a series |
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| 25221. |
……………….. is a ratio that measures how much a variable has changed over a time. a. time series b. index numbers c. both d. none |
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Answer» index numbers is a ratio that measures how much a variable has changed over a time. |
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| 25222. |
Variability in the distribution of earth and income is generally measures in terms of ----- (a) Mean Deviation (b) Quartile Deviation (c) Standard Deviation (d) Variance |
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Answer» Variability in the distribution of earth and income is generally measures in terms of Mean Deviation |
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| 25223. |
When an observation in the sata is ……………., then its geometric mean is zero. a. 0 b. 1 c. 2 d. 3 |
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Answer» When an observation in the sata is 0 then its geometric mean is zero. |
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| 25224. |
What is Base Year. Distinguish between Fixed Base Method and Chain Base Method. |
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Answer» Base year is such a year with which the changes in the current year are compared. Base year should be normal year from every aspect and it should not be affected by war, famines, inflation etc. Base year should not be too old. The index for base period is always taken as 100. In fixed base method, the year selected for construction of index numbers remains constant for all times and the base shall remain fixed. While in chain base method the base year is changed every year, generally preceding year and not fixed year |
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| 25225. |
From the following which is not a kind of index number a. price b. quantity c. value d. quality |
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Answer» Quality is not a kind of index number |
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| 25226. |
………….. percentage of values of a series are less than Q1 a. 75 b. 50 c. 25 d. 10 |
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Answer» 25 percentage of values of a series are less than Q1. |
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| 25227. |
Index numbers are expressed in (a) Average (b) Percentage (c) Both (d) None |
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Answer» Index numbers are expressed in Percentage. |
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| 25228. |
A lock cut in a factory for a month is allocated with the component of time series is………………a. regular movement b. irregular movement c. cyclical movement d. structural movement |
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Answer» A lock cut in a factory for a month is allocated with the component of time series is irregular movement. |
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| 25229. |
The Time series analysis helps to (a) Understanding past behavior (b) Evaluating current program (c) Both (d) None |
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Answer» The Time series analysis helps to understanding past behavior and evaluating current program. |
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| 25230. |
---- index number is called Ideal index number(a) Laspear’s (b) Paasche’s (c) Fishers (d) Kelley’s |
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Answer» Fishers index number is called Ideal index number. |
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| 25231. |
…………. is the ratio of the price of a certain commodity at the current year to its price at the base year. a. price relative b. relative price c. price index d. non |
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Answer» Price relative is the ratio of the price of a certain commodity at the current. |
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| 25232. |
laspeyer’s method and Paashe’s method do not satisfy (a) Unit test (b) Factor reversal test (c) Time reversal test (d) None |
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Answer» The Correct option is (d) None |
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| 25233. |
…………may satisfy time reversal test a. Fishers formula b. Walsche’ c. kelly’s d. All of these |
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Answer» d. All of these |
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| 25234. |
Laspeyre’s and ……………… index number formula do not satisfy time reversal test. a. Paashe’s b. Fishers c. Kelly’s d. Walsche’s |
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Answer» Laspeyre’s and Paashe’s index number formula do not satisfy time reversal test. |
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| 25235. |
Index numbers helps in ………a. studying the trends b. policy formation c. deflating values d. All of these |
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Answer» d. All of these |
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| 25236. |
Which of the following component of time series is attached to short term fluctuations? a. seasonal variation b. cyclical variation c. irregular variation d. All the above |
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Answer» d. All the above |
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| 25237. |
A distribution in which the observation equidistant from the mean have equal frequencies is calleda. symmetric b. asymmetry c. both d. none |
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Answer» a. symmetric |
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| 25238. |
A sample is a portion of the ______ population that is considered for study and analysis. a) Selected b) Total c) Fixed d) Random |
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Answer» A sample is a portion of the Total population that is considered for study and analysis. |
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| 25239. |
Find S.P when C.P = Rs 80.40, loss = 5%. |
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Answer» S.P = 85% of Rs 80.40 = Rs {(85/100)*80.40} = Rs 68.34. |
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| 25240. |
Commodities which shows considerable price fluctuations could be best measured by a…………….a. value indexb. price indexc. quantity indexd. quality index |
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Answer» Commodities which shows considerable price fluctuations could be best measured by a quantity index. |
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| 25241. |
Describe the main stages of Statistics and the related tools. |
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Answer» 1. Collection of Data 2. organizing Data 3. Presenting of Data 4. Analyse of Data 5. Interpretation of Data |
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| 25242. |
……………… is a series of arithmetic mean of values of a sequence of fixed number of years. a. moving average b. free hand method c. both A & B d. none |
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Answer» moving average is a series of arithmetic mean of values of a sequence of fixed number of years. |
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| 25243. |
If the a radio is sold for Rs 490 and sold for Rs 465.50. Find loss%. |
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Answer» C.P = Rs.490, S.P= 465.50. loss = Rs.(490-465.50) = Rs 24.50. loss%=[(24.50/490)*100]%=5% |
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| 25244. |
Find S.P when C.P = 56.25,gain = 20%. |
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Answer» SP =20% of Rs 56.25 ,= Rs {(120/100)*56.25} = Rs 67.50. |
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| 25245. |
Most frequently used index number formula are a. fixed weighted formula b. weighted formula c. un weighted formula d. none of these |
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Answer» b. weighted formula |
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| 25246. |
………… index satisfies circular test a. Paspeyres b. Paashe’s c. Fishers d. Bowley’s |
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Answer» Fishers index satisfies circular test. |
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| 25247. |
………….. reflects on the price change experienced by families of people. a. consumer price index b. weighted average price c. whole sale price index d. none |
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Answer» Consumer price index reflects on the price change experienced by families of people. |
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| 25248. |
--- is used in quality control (a) Mean(b) Median(c) Range (d) Quartiles |
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Answer» Range is used in quality control. |
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| 25249. |
Complete the following observations: (i) Statistics means __________ (ii) Statistics and economics are __________. (iii) The term population refers to __________. (iv) Descriptive Statistics means those methods_________ . |
| Answer» Statistics means -the practice or science of collecting and analysing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample.Statistics and economics are-Statistics for economics concerns itself with the collection, processing, and analysis of specific economic data. It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.Population- a population is a set of similar items or events which is of interest for some question or experiment. ... In statistical inference, a subset of the population (a statistical sample) is chosen to represent the population in a statistical analysis.Descriptive statistics-Descriptive statistics are brief descriptive coefficients that summarize a given data set, which can be either a representation of the entire or a sample of a population. Descriptive statistics are broken down into measures of central tendency and measures of variability (spread). | |
| 25250. |
Statistics does not study ---- (a) Individual cases (b) Group (c) Average (d) None |
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Answer» Statistics does not study Individual cases. |
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