# ABS COMBINE MCQ BANK

University of lucknow

b.com sem 6

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**Q.1 Which of the following values is used as a summary measure for a sample, such as a sample mean?**

(A) Population parameter

(B) Sample parameter

(C) Sample statistic

(D) Population mean

**Answer: C**

**Q.2 Which of the following is a branch of statistics?**

(A) Descriptive statistics

(B) Inferential statistics

(C) Industry statistics

(D) Both A and B

**Answer: D**

**Q.3 The control charts and procedures of descriptive statistics which are used to enhance a procedure can be classified into which of these categories?**

(A) Behavioural tools

(B) Serial tools

(C) Industry statistics

(D) Statistical tools

**Answer: D**

**Q.4 Which of the following can also be represented as sample statistics?**

(A) Lowercase Greek letters

(B) Roman letters

(C) Associated Roman alphabets

(D) Uppercase Greek letters

**Answer: B**

**Q.5 To which of the following options do individual respondents, focus groups, and panels of respondents belong?**

A) Primary data sources

B) Secondary data sources

C) Itemised data sources

D) Pointed data sources

**Answer: A**

**Q.6 What are the variables whose calculation is done according to the weight, height, and length known as?**

(A) Flowchart variables

(B) Discrete variables

(C) Continuous variables

(D) Measuring variables

**Answer: C**

**Q.7 Which method used to examine inflation rate anticipation, unemployment rate, and capacity utilisation to produce products?**

(A) Data exporting technique

(B) Data importing technique

(C) Forecasting technique

(D) Data supplying technique

**Answer: C**

**Q.8 Specialised processes such as graphical and numerical methods are utilised in which of the following?**

(A) Education statistics

(B) Descriptive statistics

(C) Business statistics

(D) Social statistics

**Answer: B**

**Q.9 What is the scale applied in statistics, which imparts a difference of magnitude and proportions, is considered as?**

(A) Exponential scale

(B) Goodness scale

(C) Ratio scale

(D) Satisfactory scale

**Answer: C**

**Q.10 Review of performance appraisal, labour turnover rates, planning of incentives, and training programs are the examples of which of the following?**

(A) Statistics in production

(B) Statistics in marketing

(C) Statistics in finance

(D) Statistics in personnel management

**Answer: D**

National Income and related aggregates

1.The difference between value of output and value added is:

(a)Depreciation

**(b)Intermediate consumption**

(c)Net indirect taxes

(d)NFIA

2.Product method of calculating national income is also known as:

(a)Income method

**(b)Value added method**

(c)Expenditure method

(d)Distribution method

3.Transfer payments refer to payments, which are made:

**(a)Without any exchange of goods and services**

(b)To workers on transfer from one job to another

(c)As compensation to employees

(d)None

4.National Income differs from Net National Product at market price by the amount of:

(a)Current transfers from rest of the world

**(b)Net Indirect Taxes**

(c)National debt interest

(d)it does not differ

5.GDPMP = GDP + ________ :

(a)Depreciation

(b)Indirect taxes

**(c)NFIA**

(d)Subsidies

6. National Income doesn’t include:

(a)Interest on unproductive national debt

(b)Income for government expenditure

**(c)The payments by the household to firm for the purchase of goods and services**

(d)Undistributed profit

7. National Income doesn’t include:

**(a)Interest on unproductive national debt**

(b)Income for government expenditure

(c)The payments by the household to firm for the purchase of goods and services

(d)Undistributed profit

8. Which of the following is not correct ?

(a)NNPMP = GNPMP. depreciation

(b)NNPMP = NNPFC + net indirect taxes

**(c)GDP**_{MP} = GNP_{MP} +.NFIA

(d)NDPFC = GDPFC – depreciation

9. Net national product at factor cost is also known as:

(a)Net Domestic product

(b)Gross National product

**(c)National Income**

(d)Personal Income

10.In GNP calculation which of the following should be excluded?

(a)Rental incomes

(b)Interest payments

(c)Dividends

**(d)Government transfer payment**

- The specific statistical methods that can be used to summarize or to describe a collection of

data is called:**a) Descriptive statistics**

b) Inferential statistics

c) Analytical statistics

d) All of the above

- The need for inferential statistical methods derives from the need for
.*__*

a) Population

b) Association**c) Sampling**

d) Probability - A population, in statistical terms, is the totality of things under consideration. It is the

collection of all values of thethat is under study.*_____*

a) Instance**b) Variable**c) Amount

d) Measure - Non-sampling errors are introduced due to technically faulty observations or during the
of data.*__________***a) Processing**

b) Analysis

c) Sequencing

d) Collection - Sampling is simply a process of learning about the
on the basis of a*______*

sample drawn from it.

a) Census**b) Population**

c) Group

d) Area

- Numerical facts are usually subjected to statistical analysis with a view to helping a decision-

maker make wise decisions in the face of.*_______*

a) Interpreting**b) Uncertainty**

c) Summarizing

d) Organizing

- In statistics,
classification includes data according to the*_______________*

time period in which the items under consideration occurred.**a) Chronological**

b) Alphabetical

c) Geographical

d) Topological - Data is simply the numerical results of any scientific__________________.

a) Analysis

b) Researches

c) Observation**d) Measurement** - The
process would be required to ensure that the data is complete and as*____*

required.

a) Tabulation

b) Analysis**c) Editing**d) Ordering - A sample is a portion of the
population that is considered for study and*____*

analysis.

a) Selected**b) Total**

c) Fixed

d) Random - The method of sampling, in which the choice of sample items depends exclusively on the

judgement of the investigator is termed as.*____________*

a) Convenience sampling

b) Quota sampling

c) Systematic sampling

**d) Judgement sampling**

- Both the sampling as well as the non-sampling errors must be reduced to a minimum in order

to get as representative a sample of theas possible.*_______*

a) Group

b) Region**c) Population**

d) Universe - The larger the size of the population, the
should be the sample size.*_______*

a) Smaller**b) Larger**

c) Accurate

d) Fixed - A variable is any characteristic which can assume
values.*________***a) Different**

b) Similar

c) Fixed

d) Assumed - The basic objective of a sample is to draw
about the population*________*

from which such sample is drawn.

a) Conclusion

b) Characteristics**c) Inferences**

d) Parameters - In
type of classification, the data is grouped together according to*_______*

some distinguished characteristic or attribute, such as religion, sex, age, national origin, and so

on.

a) Quantitative

b) Chronological

4

**c) Qualitative**

d) All of the above

- A
variable is a variable whose values can theoretically take on an*_________*

infinite number of values within a given range of values.**a) Continuous**

b) Discrete

c) Random

d) Both (a) and (b) - A perfect random number table would be one in which every digit has been entered
.*___*

a) Chronologically

b) Sequentially

c) Randomly

d) Arbitrarily - The
random variables yield categorical responses so that the responses*_____*

fit into one category or another.

a) Quantitative

b) Discrete

c) Continuous

d) Qualitative - For a sample to be truly representative of the population, it must truly be________________.

a) Fixed**b) Random**

c) Specific

d) Casual - A
*__*is a phenomenon of interest in which the observed*__*

outcomes of an activity are entirely by chance, are absolutely unpredictable and may differ from

response to response.

a) Discrete variable

b) Continuous variable**c) Random variable**d) All of the above - By definition of randomness, each
*____*has the same*__*

chance of being considered.

**a) Possible entity**

b) Probable entity

c) Random entity

d) Observed entity

- Before any procedures for
*_*are established, the purpose*_____*

and the scope of the study must be clearly specified.

a) Data analysis

b) Data tabulation**c) Data collection**

d) Data selection - Adequacy of data is to be judged in the light of the requirements of the survey and the

geographical areas covered by thedata.*______*

a) Collected**b) Available**

c) Organized

d) Tabulated - If the sample is truly representative of the population, then the characteristics of the sample

can be considered to be the same as those of thepopulation.*___*

a) Fixed

b) Selected

c) Random**d) Entire** - Statistical inference deals with methods of inferring or drawing
*_______*

about the characteristics of the population based upon the results of the sample taken from the

same population.

a) Details

b) Decisions**c) Conclusions**d) Samples - If the sample size is too small, it may not
represent the population or the*___*

universe as it is known, thus leading to incorrect inferences.

a**) Appropriately**

b) Reliably

c) Homogeneously

6

d) Heterogeneously

- Editing would also help eliminate inconsistencies or obvious errors due to
*___*

treatment.

a) Characteristic**b) Arithmetical**

c) Calculation

d) Tabulation - When an investigator uses the data which has already been collected by others, such data is

called*___*.*_*

a) Primary data

b) Collected data

c) Processed data**d) Secondary data** - In the case of the questionnaire method of gathering data, it should be made certain that all

the questions have been.*_________*

a) Read

b) Interpreted**c) Answered**

d) All of the above provides various types of statistical information of either*_________*

qualitative or quantitative nature.**a) Sampling**

b) Tabulation

c) Observation

d) Editing- In statistics, ____________________classification groups the data according to locational

differences among the items.

a) Chronological**b) Geographical**

c) Regional

d) Alphabetical - The degree of randomness of selection would depend upon the process of selecting the items

from the.*____________*

a) Population

b) Region**c) Sample**

d) Data

- A
sample is obtained by selecting convenient population units*_________*

a) Random

b) Quota

c) Stratified**d) Convenience** - A
sample is formed by selecting one unit at random and then selecting*______*

additional units at evenly spaced intervals until the sample has been formed.

a) Stratified**b) Systematic**

c) Judgement

d) Random - The sampling errors arise due to drawing faulty inferences about the
*______*

based upon the results of the samples.

a) Sample

b) Survey**c) Population**

d) Census - A summary measure that describes any given characteristic of the population is known as a
.*______***a) Parameter**

b) Information

c) Inference

d) Statistics means separating items according to similar characteristics and grouping*____*

them into various classes.

a) Tabulation

b) Editing

c) Separation**d) Classification**

**MCQ 16.1**

An orderly set of data arranged in accordance with their time of occurrence is called:

(a) Arithmetic series (b) Harmonic series (c) Geometric series __(d) Time series__

# MCQ 16.2

A time series consists of:

(a) Short-term variations (b) Long-term variations (c) Irregular variations __(d) All of the above__

# MCQ 16.3

The graph of time series is called:

(a) Histogram (b) Straight line **(c) Historigram **(d) Ogive

# MCQ 16.4

Secular trend can be measured by:

(a) Two methods (b) Three methods ** (c) Four methods **(d) Five methods

# MCQ 16.5

The secular trend is measured by the method of semi-averages when:

(a) Time series based on yearly values __(b) Trend is linear__

(c) Time series consists of even number of values (d) None of them

# MCQ 16.6

Increase in the number of patients in the hospital due to heat stroke is:

(a) Secular trend (b) Irregular variation ** (c) Seasonal variation **(d) Cyclical variation

# MCQ 16.7

The systematic components of time series which follow regular pattern of variations are called:

** (a) Signal **(b) Noise (c) Additive model (d) Multiplicative model

# MCQ 16.8

The unsystematic sequence which follows irregular pattern of variations is called:

__(a) Noise__** **(b) Signal (c) Linear (d) Non-linear

# MCQ 16.9

In time series seasonal variations can occur within a period of:

(a) Four years (b) Three years ** (c) One year **(d) Nine years

# MCQ 16.10

Wheat crops badly damaged on account of rains is:

(a) Cyclical movement ** (b) Random movement **(c) Secular trend (d) Seasonal movement

# MCQ 16.11

The method of moving average is used to find the:

__(a) Secular trend__** **(b) Seasonal variation (c) Cyclical variation (d) Irregular variation

# MCQ 16.12

A complete cycle consists of a period of:

(a) Prosperity and depression (b) Prosperity and recovery

__(c) Prosperity and recession__** **(d) Recession and recovery

# MCQ 16.13

A complete cycle passes through:

(a) Two stages (b) Three stages ** (c) Four stages **(d) Difficult to tell

Most frequency used mathematical model of a time series is:

(a) Additive model (b) Mixed model ** (c) Multiplicative model **(d) Regression model

# MCQ 16.15

A time series consists of:

(a) No mathematical model (b) One mathematical model

(c) Two mathematical models __(d) Three mathematical models__

# MCQ 16.16

In a straight line equation Y = a + bX; a is the:

(a) X-intercept (b) Slope ** (c) Y-intercept **(d) None of them

# MCQ 16.17

In a straight line equation Y = a + bX; b is the:

(a) Y-intercept ** (b) Slope **(c) X-intercept (d) Trend

# MCQ 16.18

Value of **b **in the trend line Y = a + bX is:

(a) Always negative (b) Always positive (c) Always zero __(d) Both negative and positive__

# MCQ 16.19

In semi averages method, we decide the data into:

(a) Two parts ** (b) Two equal parts **(c) Three parts (d) Difficult to tell

# MCQ 16.20

The sum of squares of residuals is denoted by:

# MCQ 16.21

In fitting a straight line, the value of slope **b **remain unchanged with the change of:

(a) Scale ** (b) Origin **(c) Both (a) and (b) (d) Neither (a) and (b)

# MCQ 16.22

If a straight line is fitted to the time series, then:

# MCQ 16.23

Moving average method is used for measurement of trend when:

__(a) Trend is linear__** **(b) Trend is non linear (c) Trend is curvilinear (d) None of them

# MCQ 16.24

When the trend is of exponential type, the moving averages are to be computed by using:

(a) Arithmetic mean ** (b) Geometric mean **(c) Harmonic mean (d) Weighted mean

# MCQ 16.25

The long term trend of a time series graph appears to be:

(a) Straight-line (b) Upward (c) Downward __(d) Parabolic curve or third degree curve__

# MCQ 16.26

Indicate which of the following an example of seasonal variations is:

- Death rate decreased due to advance in science

# (b) The sale of air condition increases during summer

- Recovery in business (d) Sudden causes by wars

The most commonly used mathematical method for measuring the trend is:

(a) Moving average method (b) Semi average method

__(c) Method of least squares__** **(d) None of them

# MCQ 16.28

A trend is the better fitted trend for which the sum of squares of residuals is:

(a) Maximum ** (b) Minimum **(c) Positive (d) Negative

# MCQ 16.29

Decomposition of time series is called:

(a) Historigram ** (b) Analysis of time series **(c) Histogram (d) Detrending

# MCQ 16.30

The fire in a factory is an example of:

(a) Secular trend (b) Seasonal movements (c) Cyclical variations __(d) Irregular variations__

# MCQ 16.31

Increased demand of admission in the subject of computer in Pakistan is:

__(a) Secular trend__** **(b) Cyclical trend (c) Seasonal trend (d) Irregular trend

# MCQ 16.32

Damages due to floods, droughts, strikes fires and political disturbances are:

(a) Trend (b) Seasonal (c) Cyclical __(d) Irregular__

# MCQ 16.33

The general pattern of increase or decrease in economics or social phenomena is shown by:

(a) Seasonal trend (b) Cyclical trend ** (c) Secular trend **(d) Irregular trend

# MCQ 16.34

In moving average method, we cannot find the trend values of some:

(a) Middle periods (b) End periods (c) Starting periods __(d) Between extreme periods__

# MCQ 16.35

The best fitting trend is one which the sum of squares of residuals is:

(a) Negative ** (b) Least **(c) Zero (d) Maximum

# MCQ 16.36

In fitting of a straight line, the value of slope remains unchanged by change of:

(a) Scale ** (b) Origin **(c) Both origin and scale (d) None of them

# MCQ 16.37

Depression in business is:

(a) Secular trend ** (b) Cyclical **(c) Seasonal (d) Irregular

# MCQ 16.38

In fitting of straight line = 0

# (a) All the observed Y values lie on the line

- All the Y values are greater than corresponding values
- All the Y values are positive
- None of them

Semi-averages method is used for measurement of trend when:

__(a) Trend is linear__** **(b) Observed data contains yearly values

(c) The given time series contains odd number of values (d) None of them

# MCQ 16.40

Moving-averages:

(a) Give the trend in a straight line (b) Measure the seasonal variations

__(c) Smooth-out the time series__** **(d) None of them

# MCQ 16.41

The rise and fall of a time series over periods longer than one year is called:

(a) Secular trend | (b) Seasonal variation | (c) Cyclical variation | (d) Irregular variation |

MCQ 16.42 A time series has: (a) Two components | (b) Three components | (c) Four components | (d) Five components |

# MCQ 16.43

The multiplicative time series model is:

(a) Y = T + S + C + I ** (b) Y = TSCI **(c) Y = a + bX (d) Y = a + bX + cX

^{2}

# MCQ 16.44

The additive model of the time series is:

__(a) Y = T + S + C + I__** **(b) Y = TSCI (c) Y = a + bX (d) Y = a + bX + cX^{2}

# MCQ 16.45

The difference between the actual value of the time series and the forecasted value is called:

** (a) Residual **(b) Sum of variation (c) Sum of squares of residual (d) All of the above

# MCQ 16.46

A pattern that is repeated throughout a time series and has a recurrence period of at most one year is called:

(a) Cyclical variation (b) Irregular variation ** (c) Seasonal variation **(d) Long term variation

# MCQ 16.47

A business cycle has:

(a) One stage (b) Two stages (c) Three stages __(d) Four stages__

# MCQ 16.48

When the production of a thing is maximum, this stage is called:

** (a) Boom **(b) Recovery (c) Recession (d) Depression

# MCQ 16.49

When the production of a thing is minimum, this stage is called:

(a) Prosperity (b) Recession (c) Recovery __(d) Depression__

# MCQ 16.50

When the production of thing is increasing towards prosperity, this stage is called as:

(a) Recession ** (b) Recovery **(c) Boom (d) Depression

# MCQ 16.51

When the production of thing is decreasing, this stage is called:

__(a) Recession__** **(b) Recovery (c) Prosperity (d) Depression

The straight line is fitted to the time series when the movements in the time series are:

(a) Nonlinear ** (b) Linear **(c) Irregular (d) Upward

# MCQ 16.53

If an annual time series consisting of even number of years is coded, then each coded interval is equal to:

(a) Half year (b) One year ** (c) Both (a) and (b) **(d) Two years

# MCQ 16.54

A second degree parabola has:

(a) One constant (b) Two constant ** (c) Three constant **(d) No constant

# MCQ 16.55

The normal equations in fitting a second degree parabola are:

(a) Two ** (b) Three **(c) Four (d) Five

# MCQ 16.56

The second degree parabola is fitted to the time series when the variations are:

(a) Linear ** (b) Nonlinear **(c) Random (d) Downward

# MCQ 16.57

In fitting a second degree parabola, the value of c is not affected with the change of :

(a) Scale ** (b) Origin **(c) Both (a) and (b) (d) Neither (a) and (b)

# MCQ 16.58

For odd number of year, formula to code the values of X by taking origin at centre is:

__(a) X = year – average of years__** **(b) X = year – first year

(c) X = year – last year (d) X = year – ½ average of years

# MCQ 16.59

For even number of years when origin is in the centre and the unit of X being one year, then X can be coded as:

(a) X = (year – average of years)/2 __(b) X = year – average of years__

(c) X = year – 0.5 average of years (d) X = average of years – year

# MCQ 16.60

For even number of years when origin is in the centre and the unit of X being half year, then X can be coded as:

(a) X = year – average of years __(b) X = 2(year – average of years)__

(c) X = (year – average year)/2 (d) X = year – ½ average of years

# MCQ 16.61

In semi averages method, if the number of values is odd then we drop:

(a) First value (b) Last value ** (c) Middle value **(d) Middle two values

# MCQ 16.62

The trend values in freehand curve method are obtained by:

(a) Equation of straight line __(b) Graph__

(c) Second degree parabola (d) All of the above

# MCQ 16.63

∑X = ∑X^{3} = 0, if origin is:

(a) At the end of time period (b) Any where

** (c) At the middle of time period **(d) At the beginning of time period

**Index numbers and their uses:**

MCQ QUESTION

Q1. The index numbers are used to measure the changes in the price of commodities is called

**Price index number**- Quantity index number
- Consumer’s price index numbers
- Quantity index number

2. For calculating weighted index numbers, which of the following method useful quantities consumed in the base period as weight:

- Fisher method
- Paasche’s method
- Palgrave’s method
**Lespeyre’s method**

3. The index number for the base year is

- 200
**100**- 50
- 10

4. In chain base methods the base period is:

**Changed**- Fixed
- Constant
- None of these

5. The weights used in a quantity index are:

**Prices**- Quantities
- Values
- None of these

6. All values of equal importance are used in calculating an index, the index is called:

- Simple Index
- Composite Index
- Weighted Index
**Unweighted Index**

7. The variation in two or more variables studies by the index is called:

**Composite index**- Simple index
- Price index
- None of these

8. Consumer’s price index numbers are calculated by:

- Fisher’s formula
- Paasche’s formula
- Palgrave’ formula
**Laspeyre’s formula**

9. A relative obtained by dividing the price in a given year by price in proceeding year and expressed as a percentage is called:

- Price relative
- Volume relative
**Link relatives**- None of these

10. Time reversal test is satisfied by

- Paasche’s index
- Lespeyre’s index
**Fisher’s index**- None of these

11. The Basic types of index numbers are:

- Six
- Five
**Three**- Two

12. A relative obtained by dividing the price in a given year price in the base year and expressed as a percentage is called:

- Link relatives
**Price relatives**- Volume index
- None of these

13. An index number that can serve many purposes is called

- Simple index number
- Special purpose index
**General purpose index**- Consumer price

14. In simple price index numbers, the base period is

- Changed
**Fixed**- Constant
- None of these

15. Pon=ΣpnqnΣp0qn×100 is the formula of: (FORMULA MISMATCHED)

- Lespeyre’s index numbers
**Paasche’s index numbers**- Fisher’s index numbers
- Marshall-Edgeworth index