Business Statistics Basics Quiz

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10 Questions

What is the origin of the word 'Statistics'?

Latin word 'Status'

In the plural sense, what does Statistics refer to?

Information in terms of numbers or numerical data

What qualifies as Statistics?

Average pocket allowance of the students of Class X

What was the initial use of Statistics?

Collecting information of the people of the state about their income, health, illiteracy and wealth

What does Statistics have become in modern times?

An important subject with useful application in various fields in day to day life

What does a financial system comprise?

Financial institutions, financial markets, financial instruments, and financial services

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

Mobilizing surplus funds and channelizing them into productive avenues

What is the primary function of a financial system?

Formation of capital by transforming savings into investments

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

A well-knit financial system

What are the sub-systems of a financial system?

Financial institutions, financial markets, financial instruments, and financial services

Test your knowledge of business statistics with this quiz on the basics of statistics. Learn about the origin of the word "statistics" and its historical significance, and gain an understanding of its application in collecting and analyzing data for business purposes.

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