Top 150+ Solved Business Statistics MCQ Questions Answer
Q. __________ is a point of reference in comparing various data describing individual behavior.
a. Sample
b. Base period
c. Estimation
d. None
Q. The ratio of price of single commodity in a given period to its price in anotherperiod is called the
a. base period
b. price ratio
c. relative price
d. none
Q. When the price of a divided by the price of the preceding year, we, get:
a. Value index
b. Link relative
c. Simple relative
d. None of them
Q. The most appropriate average in averaging the price relatives is:
a. Median
b. Harmonic mean
c. Arithmetic mean
d. Geometric mean
Q. In constructing index number geometric mean relatives are:
a. Non-reversible
b. Reciprocal
c. Reversible
d. None of them
Q. The general purchasing power of the currency of a country is determined by:
a. Retail price index
b. Volume index
c. Composite index
d. Whole-sale price index
Q. What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:
a. Whole sale price index
b. Consumer's price
c. Quantity
d. None of them
Q. Which of the following is a component of timer series;
a. Secular trend
b. Correlation
c. Regression
d. Consumer price index
Q. Which of the following is a method of measuring trend:
a. Freehand curve
b. Bar graph
c. Histogram
d. System Analysis
Q. Cyclical variations are caused by
a. Trade business cycles
b. Elections
c. Changes in foreign exchange
d. Changes in interest rates
Q. Periodic movements with duration longer than a year are called
a. Seasonal movements
b. Cyclic movements
c. Social movements
d. Cultural movements
Q. Seasonal variations are short term variations with period
a. less than 6 months
b. less than 5 years
c. less than 1 year
d. more than 10 years
Q. The component of time series useful for long term forecasting is
a. Secular trend
b. Seasonal variation
c. Cyclical variation
d. Irregular variation