12th Economics Chapter 12 One mark Quiz _ Free Online Test

12th Economics Chapter 1 One mark Quiz _ Free Online Test 

1. chapter - 12
2. Topic - Introduction to Statistical Methods and Econometrics
3. click here - 12th Economics All Chapter online test 1-12
4. Click here - 12th Economics book back solutions

1.

The word ‘statistics’ is used as ………………………

(a) Singular

b) Plural

(c) Singular and Plural

(d) None of above

2.

Who stated that statistics as a science of estimates and probabilities?

a) Horace Secrist

(b) R. A Fisher

(c) Ya-Lun-Chou

(d) Boddington

3.

Sources of secondary data are …………………………..

a) Published sources

(b) Unpublished sources

(c) Neither published nor unpublished sources

(d) Both (a) and (b)

4.

The data collected by questionnaires are …………………………..

(a) Primary data

(b) Secondary data

(c) Published data

(d) Grouped data

5.

A measure of the strength of the linear relationship that exists between two variables is called …………………………..

(a) Slope

(b) Intercept

(c) Correlation coefficient

(d) Regression equation

6.

If both variables X and Y increase or decrease simultaneously, then the coefficient of correlation will be …………………………..

(a) Positive

(b) Negative

(c) Zero

(d) One

7.

If the points on the scatter diagram indicate that as one variable increases the other variable tends to decrease the value of r will be …………………………..

(a) Perfect positive

(b) Perfect negative

(c) Negative

(d) Zero

8.

The value of the coefficient of correlation r lies between …………………………..

(a) 0 and 1

(b) – 1 and 0

(c) – 1 and + 1

(d) – 0.5 and + 0.5

9.

The term regression was used by …………………………..

(a) Newton

(b) Pearson

(c) Spearman

(d) Galton

10.

The purpose of simple linear regression analysis is to …………………………..

(a) Predict one variable from another variable

b) Replace points on a scatter diagram by a straight-line

(c) Measure the degree to which two variables are linearly associated

(d) Obtain the expected value of the independent random variable for a given value of the dependent variable

11.

A process by which we estimate the value of dependent variable on the basis of one or more independent variables is called …………………………..

(a) Correlation

(b) Regression

(c) Residual

(d) Slope

12.

If Y = 2 – 0.2X, then the value of Y intercept is equal to …………………………..

(a) -0.2

(b) 2

(c) 0.2X

(d) All of the above

13.

In the regression equation Y = β0 + β1 X, the Y is called …………………………..

(a) Independent variable

(b) Dependent variable

(c) Continuous variable

(d) None of the above

14.

In the regression equation X = β0 + β1 X, the X is called …………………………..

(a) Independent variable

(b) Dependent variable

c) Continuous variable

(d) None of the above

15.

Econometrics is the integration of …………………………..

(a) Economics and Statistics

(b) Economics and Mathematics

(c) Economics, Mathematics and Statistics

(d) None of the above

16.

Econometric is the word coined by …………………………..

(a) Francis Galton

(b) Ragnar Frish

(c) Karl Person

d) Spearsman

17.

The raw materials of Econometrics are ……………………………

(a) Data

b) Goods

(c) Statistics

(d) Mathematics

18.

The term Uiin regression equation is …………………………..

a) Residuals

(b) Standard error

(c) Stochastic error term

(d) None

19.

The term Uiis introduced for the representation of …………………………..

(a) Omitted Variable

(b) Standard error

(c) Bias

(d) Discrete Variable

20.

Econometrics is the amalgamation of …………………………..

(a) 3 subjects

(b) 4 subjects

(c) 2 subjects

(d) 5 subjects

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