Business Statistics Basics Quiz
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Questions and Answers

What is the origin of the word 'Statistics'?

  • Italian word 'Statista'
  • Latin word 'Status' (correct)
  • French word 'Statistique'
  • German word 'Statistika'

In the plural sense, what does Statistics refer to?

  • Information about social welfare
  • Information about historical events
  • Information in terms of numbers or numerical data (correct)
  • Information about the political state

What qualifies as Statistics?

  • Average pocket allowance of the students of Class X (correct)
  • Information about the total number of students in a class
  • Total income of an individual
  • Numerical information about an individual's pocket allowance

What was the initial use of Statistics?

<p>Collecting information of the people of the state about their income, health, illiteracy and wealth (C)</p> Signup and view all the answers

What does Statistics have become in modern times?

<p>An important subject with useful application in various fields in day to day life (A)</p> Signup and view all the answers

What does a financial system comprise?

<p>Financial institutions, financial markets, financial instruments, and financial services (B)</p> Signup and view all the answers

What role does an efficient financial system play in the economic growth of a country?

<p>Mobilizing surplus funds and channelizing them into productive avenues (A)</p> Signup and view all the answers

What is the primary function of a financial system?

<p>Formation of capital by transforming savings into investments (D)</p> Signup and view all the answers

What does economic growth and development of a country depend upon?

<p>A well-knit financial system (D)</p> Signup and view all the answers

What are the sub-systems of a financial system?

<p>Financial institutions, financial markets, financial instruments, and financial services (D)</p> Signup and view all the answers

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