NCERT Class 11 Economic Statistics for Economics Chapter 1 Ans in EM| Chapter1- Introduction

                                                      Chapter 1: INTRODUCTION

EXERCISES

1. Mark the following statements as true or false.

(i) Statistics can only deal with quantitative data.

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(ii) Statistics solves economic problems.

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

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2. Make a list of activities in a bus stand or a market place. How many of them are economic activities?

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3. ‘The Government and policy makers use statistical data to formulate suitable policies of economic development’. Illustrate with two examples.

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4. “You have unlimited wants and limited resources to satisfy them.” Explain this statement by giving two examples.

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5. How will you choose the wants to be satisfied?

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6. What are your reasons for studying Economics?

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7. Statistical methods are no substitute for common sense. Comment with examples from your daily life.

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Samar Jyoti Hazarika

DABP007144