KIIT WORLD SCHOOL
Assignment
Class XI (ECONOMICS)
STATISTICS
OBJECTIVE TYPE QUESTIONS
1 . Which of the following is considered 'Statistics' in the plural sense?
A) A systematic method of collecting data. B) Aggregate of facts numerically expressed.
C) The science of averages. D) Presentation of complex figures in diagrams.
2 ingle or isolated numerical facts are not treated as statistics because:
A) They cannot be presented in tables. B) They are not aggregated facts that can be compared.
C) They are always inaccurate. D) They do not involve calculations.
3 What is the correct sequence of statistical methods in the singular sense?
A) Collection ,Presentation , Analysis ,Organization , Interpretation
B) Collection ,Organization ,Presentation ,Analysis ,Interpretation
C) Presentation ,Collection ,Organization ,Analysis , Interpretation
D) Organization , Collection ,Presentation ,Interpretation ,Analysis
4 Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Choose
the correct option:
A) Both A and R are true and R is the correct explanation of A.
B) Both A and R are true but R is not the correct explanation of A.
C) A is true but R is false.
D) A is false but R is true.
a) Assertion (A): "All statistics are data, but all data are not statistics."
Reason (R): Data only becomes statistics when it consists of an aggregate of facts, is mutually related, and is capable
of comparison.
b) Assertion (A): Statistics is an indispensable tool for economic planning.
Reason (R): It helps planners understand the magnitude of problems like unemployment and allows them to fix
quantifiable targets.
5 Categorize the following into quantitative data and qualitative data:
1. Marks of students
2. Expenditure of a family
3. Honesty of employees
4. Wages of workers
5. Intelligence of students
6. Age of people
6 The average height of 20 students in a class is 160 cm." This statement is an example of:
A) Statistics in a singular sense B) Statistics in a plural sense
C) Purely qualitative data D) Inductive reasoning
7 Which of the following statements is TRUE regarding the nature of statistics?
A) Statistics deals with both qualitative and quantitative expressions.
B) Statistical results are perfectly accurate and universal laws like physics.
C) Statistical conclusions are true only on an average.
D) Statistics can be safely used by any untrained person.
8 Case-Based / Passage-Based Questions
Read the following passage carefully and answer the questions that follow:
Before the implementation of economic policies, governments need to look at specific indicators. For instance, to
tackle poverty, the government cannot simply announce a welfare scheme. It must first know the exact number of
people living below the poverty line, their geographical distribution, their average monthly consumption
expenditure, and how these figures compare to previous decades. Similarly, a business firm cannot launch a product
without estimating its demand through market surveys. However, critics argue that these figures can be easily
manipulated. A government might change the criteria of the "poverty line" to artificially show a decline in poverty
rates. Thus, while numbers are powerful tools for clarity, they require careful, unbiased handling.
Q1. Identify the function of statistics highlighted when the government uses data to look at "how these figures
compare to previous decades."
A) Simplification of complex facts B) Presentation of facts in a definite form
C) Comparison of facts D) Forecasting future trends
Q2. The criticism that a government might "change the criteria... to artificially show a decline" points toward
which limitation of statistics?
A) Statistics does not study qualitative phenomena. B) Statistics can be misused.
C) Statistical laws are true only on average. D) Statistics cannot be processed by computers.
Q3. State whether the following statement is True or False based on the text: "Market surveys conducted by
business firms to estimate product demand yield qualitative data."
KNOWLEDGE BASED QUESTIONS
Distinguish between 'statistics in a singular sense' and 'statistics in a plural sense'.
Discuss any three major limitations of statistics.
How is statistics important for studying Economics and Business?add some more questions . also in
"Statistics are like clay, of which you can make a God or a Devil as you please." In light of this statement, discuss
the misuse of statistics
Explain how statistics helps in formulating economic policies.
What are the core stages involved in a statistical study when viewed in its 'singular sense'?
"Every consumer is a producer and every producer is a consumer." Explain this statement with reference to basic
economic activities.
A researcher collects data on the "religious beliefs" of 500 individuals in a city. Can this collection be called
'Statistics' in the plural sense? Explain