Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

Multiple choice economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

With the help of histogram we can prepare _________.

  1. frequency polygon

  2. frequency curve

  3. frequency distribution

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A histogram serves as the foundation for constructing other frequency-based visualizations like frequency polygons and frequency curves.

Multiple choice economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

In a histogram with equal class intervals; heights of bar are proportional to _________.

  1. mid-vales of the class

  2. frequencies of respective classes

  3. either (a) or (b)

  4. neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a histogram with equal class intervals, the area of the rectangle is proportional to the frequency. Since the width is constant, the height must be proportional to the frequency.

Multiple choice economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

Classification is applicable in case of  ______.

  1. quantitative data

  2. qualitative data

  3. both (a) and (b)

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Classification is the process of arranging data into groups or classes based on common characteristics, which applies to both quantitative (numerical) and qualitative (categorical) data.

Multiple choice economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

The following frequency distribution is classified as 

Classes Frequency
0-50 25
0-30 18
0-10 5

  1. cumulative distribution in less than type

  2. Cumulative distribution in more than type

  3. discrete frequency distribution

  4. cumulative frequency distribution
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The data shows cumulative frequencies (5, 18, 25) for increasing upper boundaries (10, 30, 50), which is the definition of a 'less than' cumulative frequency distribution.

Multiple choice economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

A core distribution data is given for an inventory measuring physical fitness. The type of graph that will be used to display the information will be _______________.

  1. Histogram

  2. Line graph

  3. Pie chart

  4. Bar graph
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A histogram is the appropriate choice for displaying continuous grouped frequency distribution data measuring physical fitness. Histograms are specifically designed for continuous data organized into class intervals, which is typical for physical fitness measurements like height, weight, or endurance scores.

Multiple choice meaning and importance of taxes government and taxes tax civics economics

Which of the following statements is correct?

  1. Income tax was abolished in India in $1991$.
  2. Gift tax was abolished in India in $1998$, but income tax on gift (received) without adequate consideration was partially reintroduced in April $2004$.

  3. No states have adopted VAT system of indirect taxation.
  4. Estate duty was abolished in $1995$.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Gift Tax Act was repealed in 1998, but the Finance Act of 2004 reintroduced taxation on gifts received without adequate consideration under the Income Tax Act. The other statements contain incorrect dates or claims regarding tax history in India.

Multiple choice meaning and importance of taxes government and taxes tax civics economics

As part of the Taxation Reforms in 1991, the rates of taxation were reduced in respect of_______________.

  1. Corporate Income Tax

  2. Personal Income Tax

  3. Customs Duties

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The 1991 taxation reforms in India aimed to broaden the tax base and improve compliance by reducing high rates across various categories, including corporate income tax, personal income tax, and customs duties.

Multiple choice meaning and importance of taxes government and taxes tax civics economics

The VDIS-Voluntary Disclosure of Income Scheme was the brainchild of ______________.

  1. P.Chidambaram

  2. Ram Jethmalani

  3. Atal Behari Vajpayee

  4. Sonia Gandhi
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Voluntary Disclosure of Income Scheme (VDIS) was the brainchild of P Chidambaram. Chidambaram introduced the scheme in the 1997-98 budget, had actually targeted an ancient mindset : a man pays tax only when he is bludhgeoned.