Class: XI Subject: ECONOMICS

UNIT 1 INTRODUCTION TO STATISTICS

WORKSHEET 1
I. Short Questions
1. What are the main factors of production?
2. Who is the father of Statistics?
3. Write any three features of Statistics.
4. Give two examples of Economic Activities.
5. Name two end-users of Statistics.

II. Choose the correct match in the following pair:

COLUMN I COLUMN II
Plural Statistics Statistical methods
Singular Statistics Aggregates of Facts
Investment Incurring money in capital goods
Non-Economic Activities Teacher teaching in school
Alternatives:
a. (i) b. (ii) c. (iv) d. None of these

III. From the set of statements given in Column I and Column II, choose the correct
pair of statements:
Column I Column II
(A) Human wants (i) Scarce
(B) Distribution (ii) Unlimited
(c) Resources (iii) Economic activity
(d) Charity (iv) Non-economic activity
Alternatives
a. (A)-(i)
b. (B)-(ii)
c. (C)-(iii)
d. (D)-(iv)

III. Objective type questions:

1. Statistics as a............................ noun means the same thing as data.
2. ............................................propounded scarcity definition in ......................year.
3. ...................................................includes condensation and summarization of data.
4. In singular sense, Statistics means:
a) Statistical science
b) Statistical law
c) Both A & B
d) None of these

5. The word Economics has its origin in two ____________ words: Oikos and Nemein.
a) French
b) German
c) Greek
d) Chinese

6. Identify the incorrect statement:

a) Statistics finds economic relationships using data and verifies them.
b) Statistics provides tools which are used to predict future value.
c) Statistical methods help in analyzing economic problems.
d) Statistics deals with quantitative data only

7. Statistics in plural sense is:

a) Collection of data
b) Organization of data
c) Presentation of data
d) None of the above

8. Statistics is defined in terms of numerical data in the:

a) Singular sense
b) Plural sense
c) Either A or B
d) Both a and b

9. Statistics is applied in:

a) Economics
b) Business Management
c) Commerce and industry
d) All of these

IV. Assertion and Reasons:

1. Read the following statements - Assertion (A) and Reason (R). Choose one of the correct
alternatives given below:
Assertion (A): Statistics are numerical statements of facts, but all facts numerically stated
are not statistics.
Reason (R): Individual facts are not included in statistics, as its datum.
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 and Reason (R) is not the correct
explanation of Assertion (A)
c. Assertion (A) is true but Reason (R) is false.
d. Assertion (A) is false but Reason (R) is true.

2. Read the following statements- Assertion (A) & Reason (R). Choose the correct
alternative given below:
Assertion (A): Positive economics avoids economic value judgements.
Reason (R): Positive statements can be verified as true or false by comparing with actual
data.
a. Both Assertion (A) & Reason (R) are true and Reason (R) is the correct explanation of
Assertion (A).
b. Both Assertion (A) & Reason (R) are true but Reason (R) is not the correct explanation
of Assertion (A).
c. Assertion (A) is true & Reason (R) is false.
d. Assertion (A) is false & Reason (R) is true.

V. Reason Based Question

1. How statistics is useful for policy makers?

2. Explain with a suitable illustration any four features of Statistics.