Measures of Central Tendency and Dispersion 0 Measures of Central Tendency and Dispersion 1 / 58 Q.30 If there are 3 observations 15, 20, 25 then the sum of deviation of the observations from their AM is 0 5 -5 None of these 2 / 58 Q.29 The algebraic sum of deviations of a set of observations from their AM is Negative Positive Zero None of these 3 / 58 Q.28 If the same quantity is multiplied to all the values the mean shall _____ by the same amount. Add Subtract Multiply Divide 4 / 58 Q.27 If the same amount is added to or subtracted form all the values, the mean shall increase or decrease by the ____ amount. Big Small Same None 5 / 58 Q.26 Weighted AM is related to GM Frequency Distribution HM None 6 / 58 Q.24 If the class interval is open-end then it is difficult to find Frequency A.M. Both None 7 / 58 Q.23 Extreme values have _____ effect on Arithmetic Mean Greatest Least Medium None 8 / 58 Q.22 The most commonly used measure of central tendency is A.M. Median Mode Both GM and HM 9 / 58 Q.21 The most stable measure of central tendency is Mode Median Mean A.M. 10 / 58 Q.20 ____ average is used for smoothening at time series. Moving average Weighted average Simple average None 11 / 58 Q.19 The average of a series of over-lapping averages, each of which is based on a certain no. of item within a series is known as Moving average Weighted average Simple average None 12 / 58 Q.18 Each value is considered as many times as it occurs for Simple average Weighted average Both None 13 / 58 Q.17 Simple & weighted averages are equal only when all the weights are equal. TRUE FALSE Both None 14 / 58 Q.16 Multiplying the values of the variable by the corresponding weights and then dividing the sum of products by the sum of weights is Simple average Weighted average Both None 15 / 58 Q.15 Weighted averages are considered when The data are not classified The data are put in the form of grouped frequency distribution All the observations are not of equal importance Both (1) and (3) 16 / 58 Q.14 ____ average is obtained on dividing the total of a set of observations by their number. Simple Weighted Both None 17 / 58 Q.13 The average has relevance for Homogeneous population Heterogeneous population Both None 18 / 58 Q.12 The average discovers Uniformity in variability Variability in uniformity of distribution Both None 19 / 58 Q.11 Measures of central tendency for a given set of observations measures The scatterness of the observations The central location of the observations Both (1) and (2) None of these 20 / 58 Q.10 Measures of central tendency are known as Differences Averages Both None 21 / 58 Q.9 A measure of central tendency tries to estimate the Central value Lower value Upper value None 22 / 58 Q.8 Measures of central tendency are called averages of the _______ order. 1st 2nd 3rd None 23 / 58 Q.7 The no. of measures of central tendency is Two Three Four Five 24 / 58 Q.5 The Harmonic Mean of the observation 1,12,13...."> 1,12,13....">1,12,13....1,12,13..... 1n">1n1n? n 2n 2 n + 1 n ( n + 1 ) 2 25 / 58 Q.4 The mean and standard deviation of the marks of a group of 100 students in a test in Mercantile Law were given to be 40 and 3 respectively. It was afterwards detected that the marks of one student were wrongly written as 37 instead of 73. Calculate the co 40.36 and 4.435 40.36 and 4.312 41.5 and 4.532 40.96 and 4.471 26 / 58 Q.3 The co-efficient of M.D. from median for the following set 150, 151, 152, 156, 154, 160, 158 is 2.86 0.19 0.019 28.6 27 / 58 Q.2 AM = 10 & GM = 8. Therefore the 2 observations are 32 & 2 18 & 2 16 & 4 None of these 28 / 58 Q.1 In case Quartiles the number of points of division are 2 3 4 5 29 / 58 Q.30 ________accounts represent assets and properties which can be seen,touched,felt,measured,purchased and sold. Tangible real accounts Intangible real accounts Representative personal accounts Artificial or legal persons account 30 / 58 Q.29 All accounts are classified into______ Personal accounts Real accounts Nominal accounts Any of the above 31 / 58 Q.28 Outstanding wages is a___________ Real accounts Personal accounts Nominal accounts None of the above 32 / 58 Q.27 The rule for personal accounts is_________ Debit the receiver,credit the giver Debit what comes in,credit what goes out Debit all expenses and losses,credit all incomes and gains All of the above 33 / 58 Q.26 As per provisions of The Companies Act,1956,companies must maintain their accounts under_______ Double account system Single entry system Double entry system Duplicate account system 34 / 58 Q.25 Which of the following account is the artificial personal account ? ICICI Bank A/c Neelam A/c Wages A/c Machinery A/c 35 / 58 Q.24 Trading account is a__________ Personal accounts Real accounts Nominal accounts valuation account 36 / 58 Q.23 Accounts relating to properties or assets are known as______ Real accounts Personal accounts Nominal accounts None of the above 37 / 58 Q.22 There are_________systems of keeping records. Single entry system Double entry system Both (a) & (b) Duplicate account system 38 / 58 Q.21 Which of the following account is tangible real account ? patent Goodwill Machinery Creditors 39 / 58 Q.20 Goodwill accounts,patents account,trademarks account,copyright account are examples of______ Tangible real accounts Intangible real accounts Representative personal Accounts Artificial or legal persons account 40 / 58 Q.19 Prepaid insurance,outstanding salaries are example of___________ Tangible real accounts Intangible real accounts Representative personal accounts Artificial or legal persons account 41 / 58 Q.18 Real account can be further classified into______ Tangible Intangible (a) or (b) None of the above 42 / 58 As on 31st March, 2016, if the company values the machinery at Rs.11,00,000, which of the following valuation principle is being followed? Historical. Present Value. Realisable Value. 43 / 58 Q.16 Measurement discipline deals with. Identification of objects and events. Selection of scale. Both (a) and (b) 44 / 58 Q.15 Purchase is_________ Real accounts Personal accounts Nominal accounts None of the above 45 / 58 Q.14 The rule for nominal accounts is_______ Debit the receiver,credit the giver Debit what comes in,credit what goes out Debit all expenses and losses,credit all incomes and gains All of the above 46 / 58 Q.13 All of the following are valuation principles except Historical cost. Present value. Future value. 47 / 58 Q.11 In double entry system of book-keeping every business transaction affects. Two accounts with equal but opposite effect. Two sides of the same account The same account on two different dates. All of the above 48 / 58 Q.11 In double entry system of book-keeping every business transaction affects. Two accounts with equal but opposite effect. Two sides of the same account The same account on two different dates. All of the above 49 / 58 Q.10 _______system recognizes the fact that every transaction has two aspects and records both aspects of each and every transaction Single entry system Double entry system Double account system Duplicate account system 50 / 58 Q.9 Rent account is__________ Real accounts Personal accounts Nominal accounts None of the above 51 / 58 Q.8 bill payable account is________ Real accounts Personal accounts Nominal accounts None of the above 52 / 58 Q.7 Bad debt recovered is______ Real accounts Personal accounts Nominal accounts None of the above 53 / 58 Q.6 Prepaid account is________ Real accounts Personal accounts Nominal accounts None of the above 54 / 58 Q.5 Personal accounts is/are of the following types. Natural persons Artificial or legal persons Representative personal accounts Any of the above 55 / 58 Q.4 Drawing account is_____ Real accounts Personal accounts Nominal accounts None of the above 56 / 58 Q.3 ________accounts represent assets and properties which cannot be seen,touched or felt but they can be measured in terms of money. Tangible real accounts Intangible real aacounts Representative personal accounts Artificial or legal persons account 57 / 58 Q.2 Accounts recording transaction with a person or group of persons are known_______ Personal accounts Real accounts Nominal accounts Impersonal accounts 58 / 58 Q.1 Discount allowed is____________ Real accounts Personal accounts Nominal accounts None of the above Your score is LinkedIn Facebook Twitter VKontakte
