Meaning scope & importance of statistics

According to ________ 'Economics is the science of wealth .'

• Adam Smith

• Alfred Marshall

• Samuelson

• Lionel Robbins

Which of the following are economic activities ?

• Distribution

• Production

• Consumption

• All of the above

Welfare definitions of Economics has been given by :

• Lionel Robbins

• Adam Smith

• Alfred Marshall

• Samuelson

Which economic activity deals with the use of goods and services for the satisfaction of human wants ?

• Consumption

• Exchange

• Production

• Distribution

Basic reason for existence of economic problem is :

• Unlimited wants

• Scarcity

• Alternative uses

• None of the above

Distrust of statistics is due to

• Misuse of statistics

• Scope of statistics is limited

• Insufficient statistical methods

• Limitations of statistics

CBSE code for Economics is

• 040

• 030

• 210

• 003

Which of the following is an example of qualitative data ?

• Marks of students

• Age in years

• Salary of employees

• Honesty

Statistics is defined in terms of numerical data in the :

• Singular Sense

• Plural Sense

• Either a) or b)

• Both a) or b)

Statistics in singular sense includes

• Collection of data

• Organisation of data

• Presentation of data

• All of the above