CBSE Class 11 Economics Introduction To Statistics Worksheet

Read and download free pdf of CBSE Class 11 Economics Introduction To Statistics Worksheet. Students and teachers of Class 11 Economics can get free printable Worksheets for Class 11 Economics Statistics for Economics Chapter 1 Introduction in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 11 students should practice questions and answers given here for Economics in Class 11 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 11 Economics Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests

Worksheet for Class 11 Economics Statistics for Economics Chapter 1 Introduction

Class 11 Economics students should refer to the following printable worksheet in Pdf for Statistics for Economics Chapter 1 Introduction in Class 11. This test paper with questions and answers for Class 11 will be very useful for exams and help you to score good marks

Class 11 Economics Worksheet for Statistics for Economics Chapter 1 Introduction

CBSE Class 11 Economics Worksheet - Introduction To Statistics - Practice worksheets for CBSE students. Prepared by teachers of the best CBSE schools in India.

CLASS –XI

Economics

Introduction to Statistics   

Case Study Questions Introduction Class 11 Economics  

Sometimes formulation of plans and policies requires the knowledge of future trends. For examples, an economic planner has to decide in 2019 how much the economy should produce in 2020. In other words, one must know what could be the expected level of consumption in 2020 in order to decide the production plan of the economy for 2020. In this situation one might make subjective judgment based on the guess about consumption in 2020. Alternatively, one might use statistical tools to predict consumption of past years or of recent years obtained by surveys. Thus statistical methods help to formulate appropriate economic policies that solve economic problems.

Multiple Choice Questions

Question : Wealth definition of Economics was given by
(a) Prof. Adam Smith
(b) Prof. Alfred Marshall
(c) Prof. Lionel Robbins
(d) Prof. Samuelson
Answer : A

Question : According to Prof. Robbins, economic problems arises due to ……… .
(a) resource scarcity
(b) unlimited human wants
(c) resources can be put to various uses
(d) All of the above
Answer : D

Question : ……… is an economic agent who produces various goods and services to maximise profits.
(a) Service provider
(b) Service receiver
(c) Producer
(d) Consumer
Answer : C

Question : Identify the activity which is not done with the motive of earning livelihood from the given below.
(a) Blood donation camp
(b) Free meal distribution during nationwide Covid-19 lockdowns
(c) Visiting an orphanage to distribute cloths
(d) All of the above
Answer : D

Question : The word Economics is derived from ……… words.
(a) Latin
(b) English
(c) Greek
(d) None of these
Answer : C

Question : An economic agent who works to earn wages to buy various goods and services is called ……… .
(a) consumer
(b) producer
(c) service provider
(d) service holder
Answer : C

Question : ……… is an economic branch related to the study of an individual economic entity.
(a) Statistics
(b) Microeconomics
(c) Macroeconomics
(d) Both (a) and (b)
Answer : B

Question : All activities which involve money is referred to as economic activity.
Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement
Answer : B

Question : Choose the correct statement from the given below.
(a) Economics and statistics goes hand in hand.
(b) Economic laws are validated by statistical information.
(c) Government needs statistical information for making fiscal policies.
(d) All of the above are correct statement
Answer : D

Question : Non-economic activities are one which uses scarce productive resources.
Choose the most appropriate option from below for the given statement.
(a) True (b) False
(c) Partially true
(d) Incomplete statement
Answer : B

Question : Choose the correct option about Statistics in plural sense.
(a) Descriptive in nature
(b) Inductive in nature
(c) Statistical data
(d) None of the above
Answer : D

Question : An economic agent who consumes a good to maximise satisfaction is known as a ……… .
(a) Consumer
(b) Producer
(c) Service provider
(d) Service holder
Answer : A

Question : An economic activity which involves addition to the stock of capital is known as
(a) Consumption (b) Production
(c) Investment (d) None of these
16. Statistics is defined in ……… ways.
(a) two (b) three
(c) four (d) infinite
Answer : C

Question : Services produced for self-consumption are an act of non-market economic activities.
Choose the most appropriate option from given below.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement
Answer : B

Question : Economic activities never involve the use of money. Choose the most appropriate option from below for the given statement.
(a) True
(b) False
(c) Partially true
(d) Incomplete statement
Answer : B



Fill in the blanks

Question : In economic policies, statistics plays a vital role in ----- making.
Answer: 
Decision

Question: Statistical methods help to analyse   ---- and formulate ----- to solve them.
Answer: Economic problems ,policies

 

Direction Read the following case study and answer questions 55 to 59 on the basis of the same.
Economics is derived from Greek words and used to be studied as a part of political system. Later, the importance of statistics was realised and studied as a separate discipline.
On the other hand, statistics is derived from
Latin word and gained its importance from its very beginning. Statistics is a different subject but has its importance in almost all disciplines. Economics and statistics are two inter-related subjects. Economic policies are formed with the help of statistical information, also the validity of economic theories are proved by statistical methods of interpretation. In all, it can be said that economics cannot work in isolation without statistics.

Question : Statistics always deals with ……… data.
(a) homogeneous
(b) heterogeneous
(c) Both (a) and (b)
(d) Neither (a) nor (b)
Answer : A

Question : Which of the following activities can be considered as economic activities?
(a) Production
(b) Investment
(c) Consumption
(d) All of the above
Answer : D

Question : Choose the correct statement from given below.
(a) The word ‘Economics’ means household management.
(b) Statistics only deals with quantitative facts.
(c) Non-economic activities do not involve use of money.
(d) Interpretation of data comes after analysis of data.
Answer : A

Question : Which of the following is not a limitation of statistics?
(a) It only deals with aggregate of facts.
(b) It’s results can be misleading.
(c) It is not capable for further mathematical treatment.
(d) It’s results can be proven incorrectwithout reference.
Answer : C

Question : Assertion (A) Economics has no importance when studied in isolation of statistics.
Reason (R) Validity of economic laws depends upon the empirical evidences.
Alternatives
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is false, but Reason (R) is true
(d) Both are false
Answer : A

Question : Choose the correct pair from given below.
Column I                          Column II
A. Resources                   (i) Scarcity
B. Human wants              (ii) Limited
C. Human needs             (iii) Non-recurring in nature
D. Natural resources       (iv) Limited use Codes
(a) A – (i)
(b) B – (ii)
(c) C – (iii)
(d) All of the above pairs are correct
Answer : A

 

Question: Explain with examples. Empirical Investigation and Quantitative Data?

Question: What are the 2 ways in which statistics can be defined? Give the definitions by Horace Secrist and Croxton& Cowden

Question: State and explain the main points about statistics as numerical presentation of facts?

Question: Enumerate the five stages of statistical study?

Question: What are the functions of Statistics.

Question: How is statistics important in economics and economic planning.

Question: What are the limitations of statistics?

Question: Write a note on misuse of statistics.

Indian Economic Development Chapter 01 Indian Economy on the Eve of Independence
CBSE Class 11 Economics Indian Economy On The Eve Of Independence Worksheet
Indian Economic Development Chapter 02 Indian Economy 1950-1990
CBSE Class 11 Economics Economic Indian Economy
Indian Economic Development Chapter 03 Liberalisation, Privatisation and Globalisation: An Appraisal
CBSE Class 11 Economics Topic Economic Reforms Since 1991 Worksheet
Indian Economic Development Chapter 04 Poverty
CBSE Class 11 Economics Poverty Worksheet
Indian Economic Development Chapter 05 Human Capital Formation In India
CBSE Class 11 Economics Human Capital Formation In India Worksheet
Indian Economic Development Chapter 06 Rural Development
CBSE Class 11 Economics Rural Development Worksheet
Indian Economic Development Chapter 07 Employment Growth Informalisation and other Issues
CBSE Class 11 Economics Employment Growth Informalisation and other Issues Worksheet
Indian Economic Development Chapter 08 Infrastructure
CBSE Class 11 Economics Infrastructure Worksheet
Indian Economic Development Chapter 08 Infrastructure in India
CBSE Class 11 Economics Infrastructure in India Worksheet
Indian Economic Development Chapter 09 Environment and Sustainable Development
CBSE Class 11 Economics Sustainable Development Worksheet
Indian Economic Development Chapter 10 Comparative Development Experiences Of India and Its Neighbours
CBSE Class 11 Economics Comparative Development Experiences Of India and Its Neighbours Worksheet
Statistics for Economics Chapter 01 Introduction
CBSE Class 11 Economics Introduction To Statistics Worksheet
Statistics for Economics Chapter 02 Collection of Data
CBSE Class 11 Economics Collection Of Data Worksheet
Statistics for Economics Chapter 03 Organisation of Data
CBSE Class 11 Economics Organization Of Data Worksheet
Statistics for Economics Chapter 04 Presentation of Data
CBSE Class 11 Economics Presentation Of Data Worksheet
Statistics for Economics Chapter 05 Measures of Central Tendency
CBSE Class 11 Economics Measure Of Central Tendency And Positional Values Worksheet
Statistics for Economics Chapter 06 Measures of Dispersion
CBSE Class 11 Economics Measures Of Dispersion Worksheet
Statistics for Economics Chapter 07 Measures of Correlation
CBSE Class 11 Economics Measures of Correlation Worksheet
Statistics for Economics Chapter 08 Index Numbers
CBSE Class 11 Economics Index Numbers Worksheet

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