Topic: CH-1: Introduction

Whether relationships between economic factors exist or not can be verified by:

The study of how the producer chooses what and how to produce for the market is called:

Statistics helps in condensing mass data into:

An economic planner deciding in 2017 how much the economy should produce in 2020 needs:

The study of how national income is distributed through wages, profits and interest is called:

Statistics is used in finding relationships between different economic factors such as:

Which of the following disciplines does NOT use Statistics according to the chapter?

GDP stands for:

An economist might use Statistics to predict the impact of today’s investment on:

The statement ‘production of rice in India increased from 39.58 million tonnes in 1974-75 to 106.5 million tonnes in 2013-14’ is an example of: