Vidaara.orgClass 11 · Mathematics
CodeVID-M11-WS
Introduction to Statistics for Economics — Practice Worksheet
Name: ____________________
Roll No.: __________
Date: ____________
General Instructions
- All questions are compulsory.
- Choose the correct option (A, B, C or D) for each question.
- The answer key is at the end — try the paper first!
Section A — Multiple Choice (1 mark each)
15 × 1 = 15 marks
1.
Economics is the study of how people use ____ to satisfy unlimited wants.
- A.Unlimited resources
- B.Scarce resources
- C.Only money
- D.Only land
2.
Which is NOT one of the three main economic activities?
- A.Consumption
- B.Production
- C.Distribution
- D.Pollution
3.
Using goods and services to satisfy wants is called:
- A.Production
- B.Consumption
- C.Distribution
- D.Investment
4.
Economics as 'a study of mankind in the ordinary business of life' was defined by:
- A.Alfred Marshall
- B.Adam Smith
- C.Karl Marx
- D.Keynes
5.
Lionel Robbins' definition stresses ends and:
- A.Unlimited means
- B.Scarce means with alternative uses
- C.Free goods
- D.Money only
6.
In the plural sense, the word 'statistics' means:
- A.Numerical data
- B.The science of data
- C.A government office
- D.A single fact
7.
In the singular sense, statistics means the:
- A.Data itself
- B.Science/method of handling data
- C.Average
- D.Total
8.
Which is a function of statistics?
- A.Simplifying complex data
- B.Creating wants
- C.Producing goods
- D.Hiding facts
9.
The first stage of a statistical investigation is:
- A.Interpretation
- B.Collection of data
- C.Analysis
- D.Presentation
10.
The correct sequence of statistical stages is:
- A.Collection → organisation → presentation → analysis → interpretation
- B.Analysis → collection → presentation
- C.Interpretation → collection → analysis
- D.Presentation → analysis → collection
11.
Statistics studies facts that are:
- A.Qualitative
- B.Quantitative (measurable)
- C.Imaginary
- D.Emotional
12.
Statistical results are true:
- A.For every single individual
- B.Only on average
- C.Never
- D.Only for one person
13.
Statistics deals with:
- A.Aggregates (groups)
- B.Single isolated figures
- C.Only one person
- D.Only opinions
14.
The famous saying expressing distrust of statistics is:
- A.Knowledge is power
- B.Lies, damned lies, and statistics
- C.Time is money
- D.Honesty is the best policy
15.
The distrust of statistics mainly arises because of its:
- A.Misuse
- B.Low cost
- C.Simplicity
- D.Honesty
Section B — Challenge / Olympiad (2 marks each)
10 × 2 = 20 marks
16.
A government wants to reduce unemployment. To know how big the problem is, it first needs:
- A.Statistical data on how many people are unemployed
- B.A new factory
- C.More wants
- D.A slogan
17.
Saying 'prices rose by 8% this year' rather than 'prices rose a lot' shows that statistics:
- A.Presents facts in a definite numerical form
- B.Hides facts
- C.Studies qualities
- D.Is always wrong
18.
'The average household has 4.2 members, yet no household has exactly 4.2 members.' This illustrates that statistical results:
- A.Are true only on average, not for each case
- B.Are always false
- C.Apply to one family
- D.Cannot be calculated
19.
A leader shows a graph with a stretched scale to make a tiny rise in income look huge. This is an example of:
- A.Misuse of statistics
- B.A limitation of economics
- C.Correct interpretation
- D.Production
20.
Statistics cannot directly measure a person's honesty because honesty is:
- A.A qualitative trait, not numerical
- B.Too expensive
- C.Always changing
- D.A type of data
21.
An economist studying whether higher price lowers demand is using statistics to:
- A.Study the relationship between two things
- B.Create wants
- C.Produce goods
- D.Hide data
22.
Because figures alone can mislead, statistics should be used and interpreted by:
- A.People who understand the methods
- B.Anyone, without care
- C.No one
- D.Only computers
23.
Distribution, as an economic activity, deals with how:
- A.Income from production is shared (rent, wages, interest, profit)
- B.Goods are eaten
- C.Factories are built
- D.Wants are created
24.
Reducing a long list of family incomes to a single average is an example of statistics:
- A.Simplifying complex data
- B.Producing goods
- C.Creating scarcity
- D.Studying honesty
25.
The best attitude toward statistics is to treat it as a:
- A.Tool that is honest when used correctly
- B.Source of lies
- C.Useless subject
- D.Way to hide facts
Answer Key
Section A — Multiple Choice (1 mark each)
- (B) Scarce resources
- (D) Pollution
- (B) Consumption
- (A) Alfred Marshall
- (B) Scarce means with alternative uses
- (A) Numerical data
- (B) Science/method of handling data
- (A) Simplifying complex data
- (B) Collection of data
- (A) Collection → organisation → presentation → analysis → interpretation
- (B) Quantitative (measurable)
- (B) Only on average
- (A) Aggregates (groups)
- (B) Lies, damned lies, and statistics
- (A) Misuse
Section B — Challenge / Olympiad (2 marks each)
- (A) Statistical data on how many people are unemployed
- (A) Presents facts in a definite numerical form
- (A) Are true only on average, not for each case
- (A) Misuse of statistics
- (A) A qualitative trait, not numerical
- (A) Study the relationship between two things
- (A) People who understand the methods
- (A) Income from production is shared (rent, wages, interest, profit)
- (A) Simplifying complex data
- (A) Tool that is honest when used correctly
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