Introduction to Statistical Methods and Econometrics One Mark Online

Introduction to Statistical Methods and Econometrics One Mark Online Test (12th Standard Economics)

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The word 'statistics' is used as _____________.

A.Singular B.Plural C.Singular and Plural D.None of above

Who stated that statistics is a science of estimates and probabilities.

A.Horace Secrist B.R.A Fisher C.Ya-Lun-Chou D.Boddington

Sources of secondary data are ___________.

A.Published sources B.Unpublished sources C.neither published nor unpublished sources D.Both (A) and (B)

The data collected by questionnaires are_____________.

A.Primary data B.Secondary data C.Published data D.Grouped data

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

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

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

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

The term regression was used by:

A.Newton B.Pearson C.Spearman D.Galton

Q10

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

Q11

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

Q12

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

Q13

In the regression equation \(Y = \\beta_0 + \\beta_1X\), the Y is called:

A.Independent variable B.Dependent variable C.Continuous variable D.none of the above

Q14

In the regression equation \(Y = \\beta_0 + \\beta_1X\), the X is called:

A.Independent variable B.Dependent variable C.Continuous variable D.none of the above

Q15

Econometrics is the integration of

A.Economics and Statistics B.Economics and Mathematics C.Economics, Mathematics and Statistics D.None of the above

Q16

Econometrics is the word coined by

A.Francis Galton B.Ragnar Frisch C.Karl Pearson D.Spearman

Q17

The raw materials of Econometrics are:

A.Data B.Goods C.Statistics D.Mathematics

Q18

The term Ui in regression equation is

A.Residuals B.Standard error C.Stochastic error term D.None of the above

Q19

The term Ui is introduced for the representation of

A.Omitted Variable B.Standard error C.Bias D.Discrete Variable

Q20

Econometrics is the amalgamation of

A.3 subjects B.4 subjects C.2 subjects D.5 subjects

Q21

Who used the German word 'statistik' in 1749 to describe the political science of different countries?

A.Gottfried Achenwall B.Ronald Fisher C.Karl Pearson D.Francis GP Neison

Q22

Which scholar authored the 1845 book 'Contributions to vital Statistics', which was the first book to have statistics as its title?

A.Ronald Fisher B.Francis GP Neison C.Gottfried Achenwall D.P.C. Mahalanobis

Q23

Which historical text from the Mughal period mentions statistical and administrative surveys conducted during Emperor Akbar's reign?

A.Arthashastra B.Ain-e-Akbari C.Indica D.Baburnama

Q24

When used in its singular form, the term 'statistics' refers to which of the following?

A.Aggregate of numerical facts and figures B.Specific raw data points C.Statistical methods and systematic processes D.Historical registration records

Q25

A researcher classifies employees into three groups: matriculates, undergraduates, and post-graduates. Under which category of qualitative data does this classification fall?

A.Discrete numeric data B.Nominal data C.Rank data D.Secondary data

Q26

In the short-cut method for calculating the arithmetic mean, what does the symbol 'd' represent in the formula \(\bar{X} = A + \frac{\sum d}{n}\)?

A.Number of data items B.Assumed mean value C.Total sum of observations D.Deviation of each value from the assumed mean

Q27

Which absolute measure of dispersion was introduced by Karl Pearson in 1893 and is also known as the root-mean square deviation?

A.Range B.Mean Deviation C.Standard Deviation D.Variance

Q28

Which statistical concept measures the strength and direction of a linear relationship between two variables and was calculated by Francis Galton?

A.Regression coefficient B.Correlation coefficient C.Standard error D.Coefficient of variation

Q29

When three or more variables are studied simultaneously to understand their relationship, such as studying demand as a function of price, income, and tastes, what type of correlation is it?

A.Simple Correlation B.Partial Correlation C.Linear Correlation D.Multiple Correlation

Q30

A correlation is described as linear when the ratio of change between two variables satisfies which of the following conditions?

A.It fluctuates periodically B.It remains constant C.It increases exponentially D.It is completely random

Q31

The term 'regression' was coined by Francis Galton in 1877. What is the literal meaning of the word 'regression'?

A.Stepping back towards the average B.Moving forward infinitely C.Spreading away from the center D.Clustered around the mode

Q32

Who coined the term 'econometrics' in 1926 to describe the integration of economic theory, mathematics, and statistical methods?

A.Irving Fisher B.Ragnar Frisch C.Arthur Goldberger D.Gerhard Tinbergen

Q33

What is the primary feature of an econometric model that distinguishes it from a pure mathematical economic model?

A.The use of deterministic equations B.Complete exclusion of actual data C.The inclusion of a stochastic error term representing omitted variables D.Simple linear extrapolation without parameters

Q34

In which year did the Ministry of Statistics and Programme Implementation (MOSPI) come into existence in India as an independent ministry?

A.1947 B.1950 C.1999 D.2007

Q35

The Central Statistical Office (CSO) of India, responsible for coordinating statistical activities and compiling National Accounts, is headed by which official?

A.Governor of the Reserve Bank B.Director-General C.Finance Minister of India D.Prime Minister

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About this Introduction to Statistical Methods and Econometrics test

This free online practice test covers Introduction to Statistical Methods and Econometrics from the 12th Standard Economics (Samacheer Kalvi) syllabus. Choose the number of questions and an optional time limit, then answer and submit — everything is checked in your browser, with the correct answers and a worked explanation shown at the end. For the full solutions to every question in this set, see the solved MCQs page.

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