Statistics Analyses Economic Problems

Question

Which of the following is NOT an economic problem that Statistics helps analyse?

Select an answer
View Complete Answer & Explanation

Question (English)

Which of the following is NOT an economic problem that Statistics helps analyse?

  1. Rising prices
  2. Growing population
  3. Weather forecasting for agriculture ✓ Correct
  4. Unemployment
Explanation:
Correct Answer Explanation

While Statistics can be used in weather forecasting, it is not listed among the economic problems that Statistics helps analyse. The economic problems mentioned are rising prices, growing population, unemployment, poverty.

Key Points:
  • Statistics analyses rising prices, growing population, unemployment, poverty.
  • It helps find measures to solve such problems.
  • It evaluates impact of policies in solving economic problems.
Why Other Options Are Wrong
  • A, B, D: Rising prices, population, unemployment are all listed as economic problems.

📚 About this Topic — CH-1: Introduction

This multiple choice question is from CH-1: Introduction, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: Introduction to strengthen your preparation.

Author Avatar
Anvi Classes

Anvi classes for Current Affairs, GK, and General Studies MCQs. Prepare for UPSC, SSC, and other competitive exams with our comprehensive quizzes.