TOP 100

THEORY MCQ's
Quantitative Aptitude
1. The integral part of logarithm is called
_______, and the decimal part of a
logarithm is called ________.
(a) Mantissa, Characteristic Log 39
Qantssa
If.gg
(b) Characteristic, Mantissa I
characteristic

(c) Integer, Fraction

(d) Fraction, Integer
2. Which of the following statements is
True? (assume that the yearly cash
flow? Are identical for both annuities)
(a) The present value of an annuity due is
greater than the present value of an
ordinary annuity Ordinary ans x Iti
(b) The present value of an ordinary
False annuity is greater than the present
value of an annuity due
(c) The future value of an ordinary
False annuity is greater than the future value
of an annuity due Ordinary F v Iti it ve

(d) The future value of an annuity due is

False equal to future value of an ordinary
annuity
3. Reversible function is
(a) Injective
I f x x t z

(b) Surjective
one
(c) Bijective y onento

(d) One-one

b ontofinction
4. Diagram for monthly household
expenses on various items can be
represented as
(a) Bar graph
(b) Line graph
(c) Pie-chart Pie
charts
(d) Rectangular ban graph
5. For a classification to be adequate
(i) Classes should be of equal width
(ii) Classes should be exhaustive
(iii) Classes should be unambiguously
defined
o t
(a) Only (ii)
t

lo Mo

(b) Both (i) & (ii) Yo Fo

(c) Both (ii) & (iii)

(d) All of three
6. Arrange the following dimension wise:
Pie-diagram, Bar-diagram and Cubic
diagram. area
2 D
I D 3 D

(a) PD, BD, CD

(b) BD, PD, CD
(c) PD, CD, BD
(d) CD, PD, BD
7. To draw Histogram the frequency
distribution should be
(a) Inclusive type
(b) Exclusive type Mitt
(c) Inclusive and Exclusive type
(d) None of the above
Conti
8. The “less than” Ogive is of what shape
(a) U-shaped curve
(b) J-shaped curve YEE
I

(c) S-shaped curve

(d) Bell-shaped curve
9. 100 persons are divided into number of
male female and employed/unemployed
it refers toa Cardinal data
(a) Ordinal data
I Lominal
(b) Spatial data
(c)
A Temporal data

Gold Silver Bronze Ordinal

2nd zord

I
1st
Male Female Nomi a
10. If the fluctuations in the observed
values are very small as compared to
the size of the items, it is presented by
(a) Z Chart
Sal er
(b) Ogive Chart
(c) False Base Line
monthlysales

(d) Control Chart s

It
2 Chant
11. The chart that use Logarithm of the
variable is known as:
(a) Z-chart 10ooo

(b) Ratio chart Loy to no y

(c) Rectangular chart 1 ooooo

Logtoooo 5
(d) Pie-chart
12. Stub of a table is the ________
(a) Right part of the table describing
the columns
(b) Left part of the table describing the
columns
(c) Right part of the table describing
the rows
(d) Left part of the table describing the
rows m

11
29
Body
13. Nationality of a person is:
(a) Discrete variable
(b) An attribute
(c) Continuous variable
(d) None
14. The statistical measure computed from
the sample observations alone have
been termed asaestimate
(a) parameter
(b) statistic
(c) attribute
15. The average of salaries in a factory is
Rs. 47,000. The Statement that the
average salary Rs. 47,000 is __________.
(a) Descriptive statics
(b) Inferential
(c) Detailed
(d) Undetailed
16. The accuracy and consistency of data
can be verified by
(a) Scrutiny
(b) Internal Checking
(c) External Checking
(d) Double Checking
17. For tabulation, ‘caption’ is
(a) The upper part of the table
column
(b) The lower part of the table
(c) The main part of the table
I

(d) The upper part of a table that

describes the rows and sub-rows
 up constant
18. A person purchases 5 rupees worth of
eggs from 10 different markets. You are
to find average no. of eggs per rupee for
all the markets taken together. What is
the suitable form of average on this
case? Price T No t
(a) AM Gmt HMt Prine d No t

(b) GM Ratio of I

(c) HM T constant at gt
d T
(d) Median
19. If all the frequencies are equal than
which will doesn’t exist.
(a) Mean
(b) Median
(c) Mode
(d) None of these
20. _________ is the reciprocal of the AM of
reciprocal of observations.
(a) HM 2 Y G 8

(b) GM
(c) Both
(d) None
Itttyott mean

Iif
21. Which measure is suitable for open-
end classification?
(a) Median Below to
1o 20

(b) Mean Lo 30
30 s above
(c) Mode
(d) GM
22. From the record on sizes of shoes sold
in a shop, one can compute the
following to determine the most
preferred shoe size.
(a) Mean
(b) Median
(c) Mode
(d) Range
23. Which of the following measure does
not possess mathematical properties?
(a) Arithmetic mean Yer

(b) Geometric mean Yes

(c) Harmonic mean Yes

(d) Median
24. One hundred participants expressed
their opinion on recommending a new
product to their friends using the
attributes: most unlikely, not sure,
likely, most likely. The appropriate
measure of central tendency that can be
used here is
(a) Mean
(b) Mode
(c) Geometric mean
(d) Harmonic mean
25. Along a road there are 5 buildings of
apartments, marked as 1, 2, 3, 4, 5.
Number of people residing in each
building is available. A bus stop is to be
setup near one of the buildings so that
the total distance walked by the
residents to the bus stop from their
buildings must be kept minimum. One
must consider involving ________ to find
the position of the bus stop.
(a) Mean E la mil minimum
(b) Median 2 3 4 5
I
(c) Mode
(d) Weighted mean sum
It
g
26. Inter-quartile Range is __________
(a) Half of QD
(b) Double of QD
(c) Same as QD
9321 9D

(d) None of these Inter Y Raye

93 Q
27. Two broad divisions of probability are:
(a) Subjective probability and objective
probability
(b) Deductive probability and
mathematical probability
(c) Statistical probability and
mathematical probability
I

(d) None of these

28. What is the relationship between mean
and variance in a Poisson’s Distribution
(a) Mean > Variance
np rt
(b) Mean < Variance
(c) Mean = Variance
(d) They are not related
29. Area under Normal Distribution curve
is
(a) 2 units
(b) 1 unit
(c) 3 units
(d) None of these
30. For a normal distribution
(a) 1st and 2nd Quartile are equidistant
X from median
(b) 2nd and 3rd Quartile are
equidistantfrom median
(c) 1st and 3rd Quartile are equidistant
from median
(d) None

is
31. In normal distribution mean, median
and mode are
(a) Never equal
(b) Always equal
(c) May be equal
(d) Non existent
32. If a variate x has mean greater than
variance then its distribution will be
(a) Poisson’s at
np npa
(b) Normal
(c) Binomial
(d) Chi-square
33. X and Y are two independent Normal
variables then the distribution of x+y is
____________
(a) Normal distribution
É

(b) T-distribution
(c) Chi-Square distribution
(d) F-distribution
34. In _________ distribution, Mean =
Variance.
(a) B
(b) P
(c) N
(d) Chi-square
35. Wages paid to workers follows
(a) B
(b) P
(c) N
(d) Chi-square
36. T-test can be used only when the
sample has been taken from
(a) Binomial Population
(b) Poisson Population A

(c) Normal Population

(d) Exponential Population
37. The normal curve is:
(a) Positively skewed
(b) Negatively skewed
(c) Symmetrical
(d) All these

rely skewed
38. Probability distribution may be
(a) Discrete P.D BD

(b) Continuous weight aye Normal

(c) Infinite
(d) (A) or (B)
39. If the probability of success in a
binomial distribution is less than one-
half, then the binomial distribution
___________. p c o5
(a) is skewed to left
(b) is skewed to right
(c) has two modes
n
rely skewed
1
(d) has median at a point>mean+
2
p o 5

at
40. If rxy= 0 then x and y are
(a) Dependent
(b) Independent
(c) Not
no Necessarily Dependent

Xt
(d) Necessarily Independent

1
x y x
76 4 1
y Cy
x 2
y y
71 2 16
y
41. In case of “Insurance Companies,
profits and the number of claims they
have to pay” has
(a) Positive Correlation
(b) Negative Correlation
(c) No Correlation
(d) None of these
42. If there is a constant increase in the
series then the obtained graph is
(a) Convex
(b) Concave
(c) Parabola I

(d) Straight line from left to right

43. The covariance between two variables
is
(a) Strictly positive Cor the
f ve o

(b) Strictly negative

(c) Always Zero
(d) Either positive or negative or zero
44. In case speed of an automobile and the
distance required to stop the car after
applying brakes correlation is __________
(a) Positive
(b) Negative
(c) Zero
(d) None
45. Which of the following is spurious
correlation?
(a) Correlation between two variables
having no casual relationship
(b) Negative correlation
(c) Bad relation between two variables
(d) Very low correlation between two
variables
46. ________ of Regression Coefficient is
greater than Correlation Coefficient
I
(a) GM
(b) AM
Fan
GM RL
of
(c) HM
(d) SD
47. Regression coefficients are

I
(a) Independent of origin but depends
on scale. scale origin
(b) Independent of scale but depends
on origin.
(c) Depends on both origin and scale.
(d) Independent of both origin and
scale.
48. If one of regression coefficient is
__________ unit, the other must be
__________ unity.y
(a) More than, more than byx by EL
(b) Less than, less than
(c) More than, less than
(d) None of these
49. If x� and y� are the A.M’s, σx and σy are
the S.D’s, byx, bxy are regression
coefficient of variablesx� and y�
respectively. The point of intersection
of regression lines x on y and y on x is
_______
(a) (σx , σy )
(b) (byx , bxy )
(c) (x�,y� )
(d) None of these
50. Which test is not satisfied by Fisher
Ideal index no?
(a) Unit Test
(b) Factor Reversal Test
(c) Time Reversal Test
(d) Circular Test
51. Σp1 q1 /Σp0 q0 refers to which test?
(a) Circular Test
II
in

(b) Factor Reversal Test

(c) Time Reversal Test
(d) None of these
Po No V0 I
52. Which of the following statements is
true?
(a) Paasche’s index number is based on
base year quantity a
(b) Fisher’s index satisfies the circular
I test
(c) Arithmetic onmean is the most
appropriate average for
constructing the index number
(d) Splicing mean constructing one
continuous series from two
different indices on the basis of
common base
53. An index time series is a list of ________
number of two or more period of time,
where each index number employs the
same base year can
(a) Index B I

(b) Absolute
(c) Relative
(d) Sample
54. __________ play a very important role in
the construction of index numbers.
(a) Weights
(b) Classes
(c) Estimations
(d) None
55. Purchasing power of money
is___________
(a) Reciprocal of price index number
(b) Equal to price index number
(c) Unequal to price index number
(d) None of these
110 Inter I 0.9090

x too o Togo
56. Time reversal & factor reversal are:
(a) Quantity Index
(b) Ideal Index
(c) Price Index

É
(d) Test of adequacy
57. Which index measures the change from
month to month in the cost of a
representative basket of goods and
services of the type bought by a typical
household?
(a) Retail Price Index
(b) Laspeyre’s Index
(c) Fisher’s index
(d) Paasche’s Index
58. Weighted geometric mean of relative
formula satisfies __________________
TRT test
while Factor Reversal test is satisfied by
__________________ .
(a) Time Reversal, Fisher's Ideal Index
(b) Time Reversal, Laspeyre's Index
(c) Factor Reversal, Paasche's Index
(d) Factor Reversal, Fisher's Ideal Index

IR of too Weights W

f
X x 2k int
59. An Index number constructed to
measure the relative change in the price
of an item or a group of item is called:
(a) Quantity index number
(b) Price index number
(c) Volume index number
(d) Composite index number
60. In n Pr , n is always
(a) an integer
non integer
(b) a fraction negative

(c) a positive integer

(d) none of these
61. Multiple axis line chart is considered
when
(a) There is more than one time series
(b) The units of the variables are
No of Room Salee
different
(c) (a) or (b)
(d) (a) and (b)
62. The distribution of profits of a blue-
chip company relates to
(a) Discrete variable
(b) Continuous variable
(c) Attributes
(d) (a) or (b).
63. For a particular class boundary, the
less than cumulative frequency and
more than cumulative frequency add up
to
(a) Total frequency
(b) Fifty per cent of the total frequency
(c) (a) or (b)
(d) None of these
64. Frequency curve is a limited form of
(a) Frequency polygon
(b) Histogram
(c) (a) or (b)
É

IAM

(d) (a) and (b).

65. Most extreme values which would ever
be included in a class interval are called
(a) class limits o g
10 I

(b) class interval O H 20 y

lo
(c) class boundaries X
er
20 3
(d) none
30 YA
66. Sampling can be described as a
statistical procedure
(a) To infer about the unknown
universe from a knowledge of any
sample

e
(b) To infer about the known universe
from a knowledge of a sample
drawn from it
(c) To infer about the unknown
E

universe from a knowledge of a

random sample drawn from it
(d) Both (a) and (b).
67. The Law of Statistical Regularity says that
(a) Sample drawn form the population
under discussion possesses the
characteristics of the population
E

(b) A large sample drawn at random

from the population would posses
the characteristics of the population
(c) A large sample drawn at random
from the population would possess
the characteristics of the population
I

on an average
(d) An optimum level of efficiency can
be attained at a minimum cost.
68. A sample survey is prone to
(a) Sampling errors
(b) Non-sampling errors
(c) Either (a) or (b)
(d) Both (a) and (b)
69. Random sampling implies
(a) Haphazard sampling
(b) Probability sampling
(c) Systematic sampling
(d) Sampling with the same probability
for each unit.
70. A parameter is characteristic of
(a) Population
(b) Sample
(c) Both (a) and (b)
(d) (a) or (b)
71. A statistic is
(a) A function of sample observations
(b) A function of population units
(c) A characteristic of a population
(d) A part of a population
72. Standard error can be described as
(a) The error committed in sampling
(b) The error committed in sample
survey
(c) The error committed in estimating
a parameter
(d) Standard deviation of a statistic.
73. Which of the following statements is
wrong?
(a) Mean is rigidly defined Right
(b) Mean is not affected due to
sampling fluctuations worry
(c) Mean has some mathematical
properties Right
(d) All these
74. Which of the following measure(s)
satisfies (Satisfy) a linear relationship
between two variables?
(a) Mean
(b) Median ME Msy

(c) Mode g
Mox
moy
(d) All of these
75. Which of the following statements is
correct?
(a) Two distributions may have identical
measures of central tendency and
dispersion.
(b) Two distributions may have the
identical measures of central
tendency but different measures of
dispersion.
(c) Two distributions may have the
different measures of central
tendency but identical measures of
dispersion.
(d) All the statements (a), (b) and (c).
76. If the profits of a company remains the
same for the last ten months, then the
standard deviation of profits for these
ten months would be?
(a) Positive
(b) Negative
(c) Zero
(d) (a) or (c)
77. G.M. of a set of n observations is the
__________ root of their product.
(a) n/2th
k
(b) (n+1)th
ki th on

(c) nth
(d) (n-1)th
78. The value of the middlemost item
when they are arranged in order of
magnitude is called
(a) standard deviation
(b) mean 7 70 9
B 8 c

(c) mode
3 6
(d)y median 7,8
u
S 10

d
79. G.M. is defined only when
(a) all observations have the same sign
and none is zero
(b) all observations have the different
sign and none is zero
É

(c) all observations have the same sign

and one is zero
(d) all observations have the different
sign and one is zero
80. In most frequency distributions, it has
been observed that the three measures
of central tendency viz. mean, median &
mode, obey the approximate relation,
provided the distribution is
(a) very skew
(b) not very skew
moderately skewed
(c) both
(d) none
81. Measures which are used to divide or
partition the observations into a fixed
number of parts are collectively known
as
(a) partition values
(b) quartiles
it Allll lil
(c) both
(d) none
82. Between second and upper quartile,
the frequency is equal to
(a) 3N/4
Ny Nh Ny Ny
(b) N/4
Q a 9
(c) N/2
NO
(d) none
83. The length of a rod is measured by a
tape 10 times. You are to estimate the
length of the rod by averaging these 10
determinations.
What is the suitable form of average in
this case?
(a) A.M
(b) G.M
I

(c) H.M re
Ish
(d) none
84. You are given the population of India
for the courses of 1981 & 1991.
I
You are
to find the population of India at the
middle of the period by averaging these
population figures, assuming a constant
rate of increase of population.
What is the suitable form of average in
this case?
m
(a) A.M
(b) G.M
(c) H.M
(d) none
85. The classical definition of probability is
based on the feasibility at subdividing
the possible outcomes of the
experiments into
(a) mutually exclusive and exhaustive
(b) mutually exclusive and equally likely
(c) exhaustive and equally likely
(d) mutually exclusive, exhaustive and
equally likely cases.
86. A trial is an attempt to
(a) make something possible.
(b) make something impossible
(c) prosecute an offender in a court of
law.
(d) produce an outcome which is
rneither certain nor impossible
87. If x is a binomial variable with
parameters n and p, then x can assume
(a) any value between 0 and n.
(b) any value between 0 and n, both
inclusive
(c) any whole number between 0 and
n, both inclusive
(d) any number between 0 and infinity
88. A binomial distribution is
(a) never symmetrical
(b) never positively skewed
(c) never negatively skewed
(d) symmetrical when p = 0.5

p c o 59
trely skewer

0 5
rely skewed
89. The method usually applied for fitting
a binomial distribution is known as
(a) method of least square
(b) method moments
(c) method of probability distribution
(d) method of deviation
90. A binomial distribution with parameters
n and p can be approximated by a
Poisson distribution with parameter m =
np is
n o

(a) n → ∞ p o

(b) p → 0
(c) n → ∞ and p → 0
(d) n → ∞ and p → 0 so that np remains
finite.
91. For a standard normal distribution, the
points of inflexion are given by
(a) µ − σ and µ + σ
(b) −σ and σ
(c) -1 and 1 otifterin
(d) 0 and 1
92. The interval ( µ − 3σ , µ + 3σ ) covers
(a) 95% area of a normal distribution
(b) 96% area of a normal distribution
(c) 99% area of a normal distribution
(d) all but 0.27% area of a normal
distribution
V16 Fin Rate force 68.30
1
µ Shine Life Life 95.50 1
Shi shine Rann.gf
413
0
93. The results of ODI matches between
India and Pakistan follows
(a) Binomial distribution
(b) Poisson distribution
(c) Normal distribution
(d) (b) or (c)
94. Bivariate Data are the date collected
for
(a) Two variables irrespective of time
(b) More than two variables
(c) Two variables at the same point of
time
(d) Two variables at different points of
time
3
Maths o to Sitka co 30
95. For a bivariate frequency table having
(p+q) classification the total number of
cells is
(a) p
(b) p + q
(c) q
(d) pq
96. Some of the cell frequencies in a
bivariate frequency table may be
(a) Negative
(b) Zero
(c) a or b
(d) None of these
97. For a p×q bivariate frequency table,
the maximum number of marginal
distributions is
(a) p
(b) p + q
(c) 1
(d) 2
98. For a p×q classification of bivariate
data, the maximum number of
conditional distributions is
(a) p
(b) p + q
(c) pq
(d) p or q
99. The __________ of group indices gives the
General Index.
(a) H.M.
(b) G.M.
(c) A.M.
(d) none
100. With regard to Laspeyre’s and
Paasche’s price index numbers, it is
maintained that “ If the prices of all
the goods change in the same ratio,
the two indices will be equal for
them the weighting system is
irrelevant; or if the quantities of all
the goods change in the same ratio,
they will be equal, for them the two
weighting systems are the same
relatively”. Then the above
statements satisfy. Po P Go 9
to 20 10 10
12 12
15 30
30 30
4 40
(a) Laspeyre’s Price Index ≠ Paasche’s
Price Index.
(b) Laspeyre’s Price Index = Paasche’s
Price Index.
(c) Laspeyre’s Price Index may be
equal Paasche’s Price Index.
(d) None of these

RIP