Tag: some mathematical tools used in economics

Questions Related to some mathematical tools used in economics

State whether the following statements are True or False.
Statistics cannot be used in research.

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
Statistics is useful only to the economists.

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
All statistics are numerical statement of facts.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistical laws are not mathematically correct.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics has importance in economics.

  1. True

  2. False


Correct Option: A

State whether the following statements are True or False.
Statistics is numerically expressed.

  1. True

  2. False


Correct Option: A

State True / False. Give Reasons.
Statistics is not useful to the Government

  1. True

  2. False


Correct Option: B

State True / False. Give Reasons.
Statistics cannot be used for the comparison of data.

  1. True

  2. False


Correct Option: B

_________ method covers each and every item of the population.

  1. sample

  2. census

  3. Questionnaire

  4. Interview


Correct Option: B

__________ data is collected by someone else and used by the investigator.

  1. Primary

  2. Secondary

  3. Subsidiary

  4. Confidential


Correct Option: B