MCQ Class 11 Economics Chapter 8 Use of Statistical Tools CBSE Board Advertisement Statistics for Economics 1. What is the main purpose of using statistical tools?To increase production onlyTo collect, organise, present and analyse dataTo reduce the populationTo increase pricesQuestion 1 of 202. Which of the following is an important step in developing a project?Ignoring the objectiveAvoiding data collectionIdentifying the problem or area of studyPreparing advertisementsQuestion 2 of 203. What determines the collection and processing of data in a project?The objective of the studyThe price of productsThe number of shopsThe personal choice of consumersQuestion 3 of 204. Why is the choice of a target group important?To increase the cost of the projectTo avoid preparing questionsTo reduce the number of observationsTo frame appropriate questions for the questionnaireQuestion 4 of 205. Who would be the main target group for a project related to cars?Only rural consumersMiddle-income and higher-income groupsOnly school studentsOnly farmersQuestion 5 of 206. Who should be targeted in a study related to consumer products like soap?Only urban consumersOnly rural consumersAll rural and urban consumersOnly manufacturersQuestion 6 of 207. What can be the target group for studying the availability of safe drinking water?Both urban and rural populationsOnly industrial workersOnly tradersOnly higher-income familiesQuestion 7 of 208. Which methods can be used for collecting data?Only primary methodOnly secondary methodOnly interviewsPrimary method, secondary method or bothQuestion 8 of 209. What is primary data?Information taken from newspapersFirst-hand information collected directlyInformation taken from magazinesInformation collected from research reports onlyQuestion 9 of 2010. Which of the following can be used to collect primary data?Only newspapersOnly magazinesQuestionnaire or interview scheduleOnly research reportsQuestion 10 of 2011. Which of the following is a method of conducting surveys?Personal interviewsPostal surveysPhone and email surveysAll of the aboveQuestion 11 of 2012. What should a postal questionnaire contain?A covering letter explaining the purpose of inquiryA list of advertisementsA price catalogueA business agreementQuestion 12 of 2013. What is the objective of determining the target group?To increase the number of questionsTo reduce the survey periodTo determine the size and characteristics of the groupTo avoid collecting informationQuestion 13 of 2014. When is secondary data generally used?When there is unlimited timeWhen time, money and manpower are limitedWhen no information is requiredWhen personal interviews are compulsoryQuestion 14 of 2015. Which of the following is a method of organising and presenting data?AdvertisingManufacturingTradingTabulation and diagramsQuestion 15 of 2016. Which diagrams are mentioned for presenting collected data?Bar diagrams and pie diagramsMaps and photographsFlowcharts and cartoonsDrawings and paintingsQuestion 16 of 2017. Which measure of central tendency is mentioned for analysing data?RangeCorrelationMeanSampling errorQuestion 17 of 2018. What does standard deviation help measure?Population sizeDispersion or variabilityGeographical locationConsumer awarenessQuestion 18 of 2019. What does correlation help identify?The number of householdsThe total populationThe average expenditure onlyThe relationship between variablesQuestion 19 of 2020. What is the last step in developing a project?Drawing meaningful conclusionsSelecting a target groupPreparing a questionnaireCollecting informationQuestion 20 of 20 Loading...
Leave a Reply