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12th Standard Business Maths Applied Statistics English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

    Reg.No. :
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Business Maths

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. A time series is a set of data recorded ________.

    (a)

    Periodically

    (b)

    Weekly

    (c)

    successive points of time

    (d)

    all the above

  2. Least square method of fitting a trend is ________.

    (a)

    Most exact

    (b)

    Least exact

    (c)

    Full of subjectivity

    (d)

    Mathematically unsolved

  3. The component of a time series attached to long term variation is trended as ________.

    (a)

    Cyclic variation

    (b)

    Secular variations

    (c)

    Irregular variation

    (d)

    Seasonal variations

  4. Another name of consumer’s price index number is: ________.

    (a)

    Whole-sale price index number

    (b)

    Cost of living index

    (c)

    Sensitive

    (d)

    Composite

  5. Laspeyre’s index = 110, Paasche’s index = 108, then Fisher’s Ideal index is equal to: ________.

    (a)

    110

    (b)

    108

    (c)

    100

    (d)

    109

  6. Consumer price index are obtained by: ________.

    (a)

    Paasche’s formula

    (b)

    Fisher’s ideal formula

    (c)

    Marshall Edgeworth formula

    (d)

    Family budget method formula

  7. While computing a weighted index, the current period quantities are used in the: ________.

    (a)

    Laspeyre’s method

    (b)

    Paasche’s method

    (c)

    Marshall Edgeworth method

    (d)

    Fisher’s ideal method

  8. The causes leading to vast variation in the specification of a product are usually due to _____

    (a)

    random process

    (b)

    assignable causes

    (c)

    non-traceable causes

    (d)

    all the above

  9. An additive model of time series with the components T, S, C and I is __________

    (a)

    y = T + S + C - I

    (b)

    y = T + S x C + I

    (c)

    y = T + S + C + I

    (d)

    y = T + S + C x I

  10. Chance variation does not affect _____ of the product

    (a)

    price

    (b)

    value

    (c)

    quantity

    (d)

    quality

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