The Importance and Limitations of Statistics in Economics is a key topic in CBSE Class 11 Economics (Part A: Statistics for Economics). Statistics plays a crucial role in economic analysis by helping economists collect, organise, and interpret data to make informed decisions. It aids in formulating policies, studying economic trends, and comparing growth across sectors and time periods. However, statistics also has its limitations, such as its dependence on quantitative data, potential for misuse, and inability to capture qualitative factors like emotions or social values.
This online MCQ quiz on Importance and Limitations of Statistics in Economics is designed strictly according to the NCERT Class 11 Economics syllabus, making it ideal for CBSE board exam preparation. It includes 60 multiple-choice questions that test students’ conceptual understanding, analytical thinking, and application of statistical knowledge in economics.
With a 60-minute timer, automatic scoring, and per-question feedback, this NCERT-based quiz provides a complete and interactive exam-oriented practice tool for Class 11 students.