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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?

Collecting information of the people of the state about their income, health, illiteracy and wealth Signup and view all the answers

What does Statistics have become in modern times?

An important subject with useful application in various fields in day to day life Signup and view all the answers

What does a financial system comprise?

Financial institutions, financial markets, financial instruments, and financial services Signup and view all the answers

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

Mobilizing surplus funds and channelizing them into productive avenues Signup and view all the answers

What is the primary function of a financial system?

Formation of capital by transforming savings into investments Signup and view all the answers

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

A well-knit financial system Signup and view all the answers

What are the sub-systems of a financial system?