Class – XI
Assignment – I
Statistics for Economics
Chapter – 1
Introduction
Q.1. “Economics is the science which studies human behavior as a
relation between ends and scarce means which have alternative uses.” Who has
defined economics in these words?
a)
Marshall
b)
Robbins
c)
Pigou
d)
Adam Smith
Q.2. Economics studies __________________________.
a)
Relation between human wants & scarce means.
b)
Use of resources.
c)
Producer’s behavior.
d)
Consumer’s behavior.
Q.3. Identify the statement which is not true.
a)
In plural sense, statistics means data.
b)
In singular sense, statistics means statistical methods.
c)
Statistics enables to find out cause and effect relationship
between different sets of data.
d)
Statistics facilitates qualitative expression of economic
problems.
Q.4. Which is not a characteristic of statistics in plural
sense?
a)
Statistics are aggregates of facts.
b)
Statistics are enumerated according to reasonable standards of
accuracy.
c)
Statistics are not capable of being placed in relation to each
other.
d)
Statistics are affected to marked extent by multiplicity of
causes.
Q.5. Which of the following is not a subject matter of
statistics?
a)
Prices of commodities.
b)
Income.
c)
Heights and weights of individuals.
d)
Beauty of individuals.
Q.6. Define statistics in Plural sense. Explain its any two
characteristics.
Q.7. “The Govt. and the policy makers use statistical data to
formulate suitable policies of economic development.” Comment with suitable
example.
Q.8. You have unlimited wants and limited resources to satisfy
them. Explain giving two examples.
Q.9. “Statistics are no substitutes for common sense.” Comment.
Q.10. Given the limited electricity generation capacity giving
rise to the gap between demand & supply of electricity. What measures would
you suggest for effective utilization of available limited electricity?
Q.11. What is meant by distrust of statistics?
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