Top 150+ Solved Quantitative Methods for Economic Analysis 2 MCQ Questions Answer
Q. The method which is not used for estimating seasonal components of a timeseries
a. ratio to trend method
b. link relative method
c. method of simple average
d. method of least squares
Q. Cost of living index is known as
a. consumer price index
b. whole sale price index
c. quantity index
d. none
Q. Paasches index number is based on
a. base year quantity
b. current year quantity
c. day year quantity
d. none
Q. Measures of change in the level of phenomenon is called
a. correlation
b. dispersion
c. mean
d. index numbers
Q. Which of the following is described as ‘barometers of economic activity’?
a. index number
b. correlation
c. regression
d. time series
Q. Test to determine whether a given method will work both forward & backward
a. unit test
b. factor reversal test
c. time reversal test
d. none
Q. Data which are collected, observed or recorded at successive intervals of time isknown as ……
a. index numbers
b. time series
c. regression
d. correlation
Q. Earthquake is an example of
a. secular trend
b. seasonal variation
c. cyclical variation
d. irregular variation
Q. All methods of index numbers except simple (unweighted) aggregative indexsatisfies
a. unit test
b. time reversal list
c. factor reversal test
d. circular test
Q. Statistics can……………
a. prove anything
b. disprove any thing
c. neither prove nor disprove anything is just a tool
d. none of these
Q. The number of observations corresponding to a class is known as ………………..ofthat class.
a. population
b. frequency
c. class interval
d. none of these
Q. Diagrams and graphs are the tools of…………………
a. collection of data
b. analysis of data
c. summarisation of data
d. presentation of data