Tag: some mathematical tools used in economics

Questions Related to some mathematical tools used in economics

State whether the following statement is true or false.
Census survey is more accurate than the sample survey.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
Census method is very reliable.

  1. True

  2. False


Correct Option: A

State whether the following statement is true or false.
World Bank report is a foreign publication.

  1. True

  2. False


Correct Option: A

The extreme values of the classes are called _________.

  1. class-mark

  2. tally mark

  3. class-limit

  4. class-frequency


Correct Option: C

State whether the following statement is true or false.
There are no official publications of government.

  1. True

  2. False


Correct Option: B

______ method is the slowest of all methods of collecting data.

  1. Questionnaire

  2. Interview

  3. indirect oral investigation

  4. simple


Correct Option: A

In _______  method, class intervals overlap each other.

  1. inclusive

  2. exclusive

  3. variate

  4. None of these


Correct Option: B

State whether the following statement is true or false.
Secondary data is more reliable.

  1. True

  2. False


Correct Option: B

The maximum value a correlation coefficient can have is

  1. 0

  2. -1

  3. 1

  4. 0.1


Correct Option: C

State whether the following statement is true or false.
The height of a person is qualitative.

  1. True

  2. False


Correct Option: B