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Question-1 Statistics deals with

(A) Collection of data	(B)Factors of production
(C)Information technology	(D)Averages

Question-2
Classification and _______ are the two methods that are used to condense the data.

(A) Forecasting	(B) Tabulation
(C) Estimation	(D) Sequential analysis

Question-3 _________ is the roof of economic problems.

(A) Wants	(B)Resources
(C)Scarcity	(D)Limited

Question-4 Statistics plays an important role in

(A) Economics	(B)Mathematics
(C)Physics	(D)All the above

Question-5 Division of the national income into wages, profits, rent and interest is

(A) Production	(B)Consumption
(C)Distribution	(D)Demand

Question-6
_________ is one of the statistical tool plays prominent role in agricultural experiments.

(A) Variance	(B) Analysis of variance (ANOVA)
(C) Analysis Estimation Theory	(D) Testing Statistical Hypothesis

Question-7 ________ is the process through which human wants are satisfied.

(A) Distribution	(B)Production
(C)Consumption	(D)Profit

Question-8 ________ involves collection and organizing of data.

(A) Economics	(B)Policies
(C)Statistics	(D)Variable

Question-9 Economic facts are known as

(A) Policy	(B)Data
(C)Information	(D)Statistics

Question-10 The ________ is the one who consumes the goods and services produced.

(A) Producer	(B)Consumer
(C)Seller	(D)Distributor

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Plus 1 Commerce

Tamil Nadu (English Medium)

Practice in Related Chapters
Definition, Scope and Limitations