Classification of data based on characteristics like literacy, religion, or occupation is known as: MCQ with Answer and Explanation

Classification of data based on characteristics like literacy, religion, or occupation is known as:

A. Qualitative classification

B. Quantitative classification

C. Geographical classification

D. Chronological classification

Answer: Option A

Solution (By JKExamLibrary)

Qualitative classification groups data according to attributes or characteristics that cannot be measured numerically, such as literacy status, religion, or occupation type.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

In the Theory of Attributes, an attribute whose presence is denoted by a capital letter (e.g., A) is called a:

A. Independent attribute

B. Negative attribute

C. Positive attribute

D. Associated attribute

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Correct Answer: Option C

Explanation:
Positive attributes denote the presence of a characteristic and are traditionally represented by capital letters.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

An index number computed by taking the average of price relatives is known as:

A. Fisher index

B. Aggregative index

C. Average of relatives index

D. Chain index

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Correct Answer: Option C

Explanation:
Average of relatives method computes index as mean of (p₁/p₀ × 100).

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Vital statistics include:

A. Crop production

B. Stock prices

C. GDP

D. Births and deaths

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Correct Answer: Option D

Explanation:
Vital events are births, deaths, marriages, divorces.

This question belongs to: Accountancy and Statistics Statistics

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