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Definition of Economics

Study of the ...

Question

Study of the relationship between various economic factors requires the use of statistics.

A

True

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B

False

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Q. State with reason, whether you agree or disagree

With the help of statistics various economic problems can be solved.

Mark the following statements as true or false.

(i) Statistics can only deal with quantitative data.

(ii) Statistics solves economic problems.

(iii) Statistics is of no use to Economics without data.

Q. Fill in the blanks from the alternatives given in the bracket-

1) Statistics is a ______
(science, arts, language, maths)

2) Statistics is ______ of facts.
(aggregates, isolation, averages, multiplication)

3) The word 'statistics' is derived from ______ word means status.
(Latin, Greek, Sanskrit, Arabic)

4) Statistics studies _______ information.
(qualitative, imaginary, structural, quantitative)

5) The word statistics means generally collection of______
( diagrams, data, Economic laws, Geographical laws)

Statistics provides important guidelines for the formulation of various economic policies.

Q. "Economics is the science which studies human behaviour as a relationship between __________ which have alternative uses."

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