Questions: (Please answer according to 11th class) 1. Define stats in plural sense & explain its characteristics 2. Explain the limitations of stats. 3. Explain the importance of stats in economics. 4. What are the subject matters of stats. 5. What is an economic problem? What are its causes 6. "Statistics method are no substitute for common sense". Explain with 1 example 7. What do you mean by distrust of stats. Give 2 reasons
Answers
1. in plural sense, it means a systematic collection of numerical facts and in singular sense; it is the science of collecting, classifying and using statistics. ... In the Plural Sense: “Statistics are numerical statements of facts in any department of enquiry placed in relation to each other.
2. Many international rules restrict State sovereignty. In addition to treaty rules, which of course vary from State to State, limitations are imposed upon State sovereignty by customary rules. They are the natural legal consequence of the obligation to respect the sovereignty of other states.
3. if controls over production, distribution, consumption of commodities and to perform this the government has to devise physical controls and monetary and fiscal measures and these measures are essential for reducing economic and social inequalities that are prevailing in under developed countries.
4.The 42nd Amendment Act of 1976 transferred five subjects to Concurrent List from State List, that is, (a) education, (b) forests, (c) weights and measures, (d) protection of wild animals and birds, and (e) administration of justice; constitution and organisation of all courts except the Supreme Court and the high court.
5. An economic problem refers to any such problem in the economy that is concerned with the production of goods and services to satisfy the ...