# MPSET: Economics MCQs (Practice-Test 54 of 122)

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Consider the following statements:

Quartile deviation is more instructive range as it discards the dispersion of extreme items

Coefficient of quartile deviation cannot be used to compare the degree of variation in different distributions.

there are 10 deciles for a series.

Which of the above statements is/are correct?

1, 2 and 3

2 alone

3 alone

1 alone

Which one of the following indices satisfies both time reversal and factor reversal tests?

Laspeyres's index

Fisher's index

Paasche's index

Kelly's index

Given the following data-1, 2, 3, 4 and 100; the best measure of central tendency is the

arithmetic mean

median

mode

mode geometric mean

If for a given data, mode = 5, median = 15 and mean = 20, it means that the sample data is

skewed to the right

skewed to the left

symmetric

neither symmetric not skewed

Consider the following statements:

correlation analysis helps in determining the relationship between two or more variables-it does not tell us anything about the cause and effect relationship

the ratio of explained variation to the total variation is called the coefficient of correlation.

Pearsonian coefficient always assumes linear relationship and is unduly affected by the extreme items.

Which of the above statements is/are correct?

2 alone

1 and 2

1 and 3

2 and 3

The right-hand tail of a frequency distribution is found to the mirror image of the left-hand tail. The distribution is

positively skewed

negatively skewed

asymmetric

symmetric

From the cumulative frequency diagram which one of the following types of average can be estimated?

Geometric Mean

Harmonic Mean

Median

Mode

During one year the ration of prices of two commodities is 3, whereas during the next year it is 2. For averaging these rations.

arithmetic mean is most appropriate

harmonic mean is most appropriate

geometric mean is most appropriate

All the three, arithmetic, harmonic and geometric means are equally appropriate

Consider the following statements:

Median is not useful while dealing with skewed distribution such as income distribution or price distribution.

Median can be determined graphically by drawing only one give.

Mode can be used to describe qualitative phenomenon.

Which of the above statement are correct?

1 and 2

1 and 3

2 and 3

1, 2 and 3

What was the broad contribution of the tertiary sector to the national Income of India in 2000 − 2001?

30 per cent

20 per cent

50 per cent

25 per cent

Match List I (Savings in 1999 − 2000) with List II (Per cent of GDP) and select the correct answer:

List-I List-II Saving of household sector

Savings of corporate sector

Savings of public sector

total savings

1.22. 3%

19.8%

3.7%

1.2%

- A
- B
- C
- D

- 4
- 3
- 2
- 1

- 2
- 1
- 4
- 3

- 4
- 1
- 2
- 3

- 2
- 3
- 4
- 1

Assuming an industrial growth rate of 6 per cent per year in India, what is its contribution to the country's GDP growth with a 25 per cent contribution of the industrial sector to GDP?

3 per cent

2.5 per cent

2 per cent

1.5 per cent

The decadal population growth rate in India during 1991 − 2001 was about

19 per cent

21 per cent

24 per cent

25 per cent

The fourth Five-year Plan

First annual Plan

First Annual Plan

Plan holiday of three years following the Third Five-year Plan

India-China War in 1962

Which one of the following s NOT correctly matched?

- Rural credit
- NABARD

- Industrial finance
- SIDBI

- Rural poverty
- SJSRY

- Disguised unemployment
- Subsistence agriculture