Class XI Economics Quiz: Introduction to Statistics for Economics

Class XI

Economics

Introduction

12 questions

HARD

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1. What is the primary purpose of statistics in economics?

To predict future trends · To analyze economic data · To create economic policies · To measure economic growth

2. Which of the following is NOT a characteristic of statistics?

Collective data · Numerical data · Subjective interpretation · Systematic presentation

3. Statistics can be classified into which two main categories?

Descriptive and Inferential · Qualitative and Quantitative · Primary and Secondary · Theoretical and Practical

4. Which of the following is an example of descriptive statistics?

Calculating the mean income of a population · Predicting inflation rates · Establishing a correlation between variables · Conducting hypothesis testing

5. Inferential statistics is primarily used for:

Summarizing data · Making predictions about a population · Collecting raw data · Presenting data visually

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