Solved Paper Statistical Assistants 2018 (HPSSC Hamirpur)

1. Object of Median is to

(A) Fix a representative value

(B) Establish a dividing line separating the higher from the lower values

(C) Both (A) and (B)

(D) None of these

2. Range is useful for

(A) Quality control of products

(B) Studying the fluctuation in financial and share market

(C) Both (A) and (B)

D) None of these

3. Mode quantitatively describes

(A) Standard behavior

(B) Abnormalities

(C) Fashion or trend of tile period                                     

(D) None of these

4. Co-efficient of range can be calculated as

A. L+S/L*S

B. L+S/L-S

C. L-S/L+S

D. L*S/L+S

5. Arithmetic mean of a group of 100 items is 50 and of another group of 150 items is What will be the mean of all items?

(A) 75

(B) 100

(C) 80

(D) None of these

6. Standard error of mean is defined as                                        .’           .

A. standard deviation of the sampling distribution of mean

B. standard deviation of data

C. inter-quartile ranges of the data

D. None of these

7. Given average mean = 20 and mode = 18. Find out median?

(A) 19.33

(B) 20.33

(C) 21.22

(D) 24.26

8. Type I error is denoted by

(A) alpha

(B) Beta

(C) gamma

(D) None of these

9. Chi-square is to be applied only when the individual observations of sample are

A. dependent

B. independent

C.  Both (A) and (B)

D. None of these

10. Probability of rejecting the null hypothesis when it is true, is called

A. Type I error

B. Type II error

C. Standard error

D. None of these

11. For 3 * 2 contingency table, the degree of freedom for testing the hypothesis  is

A. 6

B. 2

C. 3

D. 4

12. F-test is a:

A. Variance test

B. Probability test

C.  Factor analysis

D. NOTA

13. Inventory includes:

A. Raw material

B. Goods in progress

C. Finished goods

D. NOTA

14. Organizations can adopt to environment fluctuations by:

A. forecasting

B. monitoring components

C. only operating in domestic market

D. diversifying

15. The transfer of asset from public sector to the private sector is referred to as:

A. Privatization

B. Deregulation

C. Ownerism

D. Nationalization

16. Which of the following is not an instrument of monetary policy?

(A) Deficit financing

(B) Statutory Liquidity Ratio

(C) Cash Reserve Ratio

(D) Open Markel Operations

17. When did the Foreign Exchange Regulation Act (FERA) come into being ?

A. 1973

B. 1975

 C. 1980

 D. 1981

18. The popular route of privatization of public enterprises in India has been:

A. disinvestment

B. Initial Public Offer

C. Outright sale

D. sale of strategic partner

19. Which of these are not required in a promissory note?

A. Acceptance

B. Properly stamped

C. Unconditional promise to pay

D. Payment to be made in legal currency

20. Select the odd one out in relation to users of accounting informations:

A. Debtors

B. Officers

C. Managers

D. Board of Directors

21. Which of the following is conclusive evidence or partnership?

A. Sharing of profits

B. Mutual agency

C. Carrying of some business

D. All of these

22. Goodwill in a partnership firm can be valued at the lime of

A. Admissions

B. Retirement

C. Death

D. All of these

23. Which of the following items is not taken in profit and loss appropriation accounts?

A. Transfer to dividend equalization reserve

B. Transfer to general reserve

C. Provision for taxation

D. Proposed dividend

24. No company can buy-back its equity shares if:

A. Partly called shares

B. Partly paid shares

C. defaulting company

D. All of these

25. Minimum number of members in case of private company is:

A. 1

B. 2

C. 5

D. 10

26. Balance in discount on issue of debentures is shown in:

(A) Profit and Loss A/c.

(B) Liabilities Side

(C) Assets side

(D) None of these

27. Which one of the following cost would not be termed as product costs?

A. Administrative salaries

B. Direct labour

C. Indirect material

D. Plant supervisor’s salary

28. Which of the following is not a cash outflow?

A. Increase in creditors

B. Increase in debtors

C. Increase in stock

D. Increase in bills receivable

29. Increase in the amount of creditors results in:

A.  decrease in cash

B. increase in cash

C. no changes in cash

D. NOTA

30. The ratio for testing immediate solvency is:

A. current ratio

B. liquidity ratio

C. debt equity ratio

D. proprietary ratio

31. All managerial functions are settled by managers with the tool of:

A. planning

B. authority

C. effective control

D. decision making

32. Which of the following is not an element of delegation?

A. accountability

B. authority

C. responsibility

D. informal organization

33. Good qualities of a leader include

A. physical features

B. initiative

C. integrity

D. All of these

34. A product can be a/an:

A. good

B. service

C. idea

D. All of these

35. Marketing mix involves:

A. product mix

B. proportional mix

C. service mix

D. All of these

36. ‘Think global cut local’ is true in case of:

A. niche marketing

B.  local marketing

C. Both A and B

D. NOTA

37. Which of the following example is not a demographic variable?

A. Age

B. Gender

C. Lifestyle

D. Income

38. The number of versions offered of each product in the line is known as:

A. product line depth

B. product line length

C. product line width

D. NOTA

39. Which of the following is not most common pricing objective?

A. Target return

B. Survival

C. Cost per thousand

D. Product Quality

40. Which of the following is not a tool of sales promotion?

A. Sales contests

B. Free gifts

C. Point of purchase display

D. Public relations

41. What is ignored in profit maximization? 

A. Wealth

B. Net value

C. Time value of money

D. NOTA

42. The rate of dividend of preference shares is decided at the time of:

A. issue

B. dissolution of money

C. payment

D. NOTA

43. Transaction costs include:

A. Brokerage

B. Commission

C. Printing

D. All of these

44. Cost of depreciation fund is the:

A. explicit cost

B. opportunity cost

C. average cost

D. NOTA

45. Capital structure represents:

A. ratio between different forms of capital

B. all liabilities

C. all assets

D. assets and liabilities

46. Operating cycle can be shortened by increasing:

A. manufacturing time

B. duration of credit available

C. stock held in stores shares

D. credit period to the customers

47. Combined leverage is a percentage change in relationship between sales and:

A. operating income

B. earning per share

C. operating leverage

D. break-even point

48. Use of fixed interest securities in the capital structure is called:

A. operating leverage

B. financial leverage

C. overall leverage

D. NOTA

49. Sensitivity analysis is performed to:

A. ascertain risk

B. determine profitability

C. build scenario for risk profile

D. NOTA

50. Investment in machine require:

A. short-term finance

B. long-term finance

C. Both A and B

D. NOTA

51. If NPV is positive, project is:

A. accepted 

B. rejected

C. may be accepted or rejected

D. NOTA

52. Training and development refers to the total structure of on-the-job and off-the-job training systems used by the:

A. candidates

B. organizations

C. expert

D. NOTA

53. A condition of stagnating in one’s current job is called:\

A. mid-career crisis

B. plateauing

C. reality shockk

D. NOTA

54. In central tendency raters rate practically all employees:

A. above average

B. below average

C. one average basis

D. NOTA

55. The first bank established in India was:

A. Bank of Bengal

B. Bank of Hindustan

C. Allahabad bank

D. Punjab National Bank

56. When was Reserve Bank of India nationalized?

A.  1947

B. 1948

C. 1949

D. 1935

57. Rural Infrastructure Development Fund (RIDF) is maintained by:

A. Regional Rural Banks

B. NABARD

C. Co-operative Banks

D. NOTA

58. The first development financial institution of India was:

A. IDBI

B. IFCI

C. ICICI

D. UTI

59. Which of the following is also known as World Bank?

A. IMF

B. IBRD

C. ADB

D. IFC

60. Which of the following is hard reserve currency?

A. US Dollar

B. Italy Lira

C. Both A and B

D. NOTA

61. Under accrual basis of accounting, transaction are recognized and recorded:

A. when they occur

B. only when cash or its equivalent is received

C. Both A and B

D. NOTA

62. Which securities can an investor invest in:

A. Shares

B. Debentures

C. Mutual Funds

D. All of these

63. The headquarters of National Stock Exchange is in:

A. New Delhi

B. Hydrabad

C. Mumbai

D. Ahmedabad

64. Out of the following, which expense is not an admissible expense?

A. Bad debts

B. Sales tax

C. Income tax

D. Excise duty

65. Which of the following is not a prime number?

A. 11

B. 21

C. 31

D. 41

66. A contractor completed five-ninths (5/9th) of a job before a second contractor completed an additional one third. What fraction of a job is left undone? 

A. 1/9th

B. 4/9th

C. 2/9

D. 5/9

67. 2p2 – 15p + 25 is equal to:

A. (p-5)(2p-5)

B. (p-5)(2p+5)

C. (p+5)(2p-5)

D. (2p-15)(p+5)

68. Profit in the partnership of Bess, Bill and Bob are shared in the ratio 1:2:3. If the Bill’s share of the profits is Rs. 300, what is Bob’s share? – Rs. 450

69. Which of the following is a subset of {b,c,d}? – Null set

70. The value of 5 in the number 357.21 is: – 5 tens

71. In co-ordinate geometry, the equation of the x-axis is: – y = 0

72. 3x-4 (x+6) is equal to:  (-x-24)

73. Which of the following is the highest common factor of 18,24 and 36? – 6

74. If – 2 <-1/2x<4, then:  4>x>-4

75. Items bought by a trader for Rs. 80 are sold for Rs. 100. The profit expressed as a percentage of cost price is: – 25%

76. Given that a and b are integers, which of the following is not necessarily an integer? – bª

77. How many subsets does the set {a,b,c,d,e} have? – 32

78. What is the value of ‘y’ in the sequence 2,7,23,34,y? – 47

79. A man’s regular pay is Rs. 3 per hour upto 40 hours. Overtime is twice the payment for regular payment. If he was paid Rs. 168, how many hours overtime did he work? – 8

80. The number 0.0417 in standard form is: – 4.17 * 10 -²

81. A man bought a shirt at a sale. He saves Rs. 30 on the nominal price when he paid Rs. 120 for the shirt. What was the percentage discount on the shirt? – 20

82. The bases and heights of a cylinder and a cone are the same. The volumes of the cylinder is V cm³. What is the volume of cone in cm³? – 1/3 V

83. What is the simple interest earned on Rs. 10000 invested for 3 months at a rate of 5% per annum? – Rs. 125

84. The perimeter of a rectangle  is 26 cm. The rectangle is converted to a square by tripling the width and taking a quarter of the length. What is the perimeter of the resulting square? – 12 cm

85. If an increase of 20% will change the price of an item to Rs. 480, what is the original price of the item? – Rs 400

86. The sum of the percent frequencies for all classes will always equal: – 100

87. A numerical value used as a summary measure for a sample, such as sample mean, is known as: – sample statistic

88. & ≠ 61549, is an example of: – population parameter

89. In a five number summary, which of the following is not used for data summarization? – The 25th percetile

90. Since the mode is most frequently occurring data value, it: 

A. Can never be larger than the mean

B. is always larger than the median

C. is always larger than the mean

D. NOTA

91. The mean of a distribution is 14 and the standard deviation is 5. What is the value of coefficient of variation? – 35.7%

92. The sum of the deviations about the mean is always:- zero

93. Which of the following was the oldest dynasty of India? – Maurya

94. ‘Charak’ was the famous court physician of : – Kanishka

95. The rock-cut temples of Mahabalipuram were built under the patronage of: – Pallava Kings

96. Where did the traveller ‘Ibn Batuta’ come from? – Morocco

97. The kingdom of Vijayanagar was founded by: Harihar and Bukka

98. ‘Gita Gobinda’ the famous poem was written by: Jaydeva

99. ‘Jaziya’ was reimposed during the reign of: Aurangzeb

100. Who was the first Governor-General of Bengal? – Warren Hasting

101. Permanent settlement was a feature of: Zamindari system

102. The founder of All India Muslim League was: Salimullah Khan

103. Which of the offices is held during the pleasure of the President?- Governor of the state

104. Who will decide the office of profit? – Parliament

105. How many types of writs can be issued by the Supreme Court? – 5

106. Which of the following states does not have a bicameral legislature? – MP

107. Which of the following subjects lies in the concurrent list? – Education

108. How much of the Earth’s land surface is desert? –  1/3rd

109. Oceanic waves caused by an earthquake are known as: – Tsunamis

110. The deepest ocean of the world is: – Pacific Ocean

111. The ozone layer protect us from: –  Ultraviolet rays

112. The westerlies have their origin in the: – sub-tropical high

113. Which one of the following is not a grassland? – Selves

114. Iron is extracted from: – Haematite

115. Which of the following is a tribal group of Africa? – Fula

116. Palk strait lies between: – India and Sri Lanka

117. India is the largest producer and exporter of: – Tea

118. Light year is a unit of: – Distance

119. Which is the fastest mode of heat loss? – Convection

120. The quality of musical note depends upon: – its harmonic content

121. Optical fiber works on the principle of: – total internal reflection

122. Which of the following is an element? – Silicon

123. In atomic reactors, graphite is used as: – moderator

124. Soap is sodium or potassium salt of: –  Stearic acid, Oleic acid and Palmitic acid

125. Which of the following is responsible for blue baby syndrome? – Nitrate

126. Curd is sour due the presence of: – Lactic acid

127. Opium is obtained from poppy in the form of: Latex

128. Wilting of plants occurs due to excessive: – Traspiration

129. Smallest bird is: – Huming bird

130. Who has been appointed chairman of the newly constituted National Anti-profiteering Authority (NAA) under GST regime? – Badri Narain Sharma

131. Under whose capacity Indian Men’s National Team has won the 2017 Asian Kabaddi championship? – Ajay Thakur

132. Which Indian Bank has recently launched digital supply chain finance solution? – Bank of Baroda

133. Which Indian State hosted the Korea Tourism Festival? – Haryana

134. The lake ‘Chandratal’ is in which district of HP? – Lahaul Spiti

135. The ‘Churdhar’ mountain range is in which district of HP? – Sirmaur

136. The Bhimakali temple is in: – Sarahan

137. The Gandhi murder trial was held in Shimla in the building known as: Peterhoff

138. Antonyms of the word ‘Augment’ is: decrease

139. Meaning of the idiom ‘Put one’s foot down’ is: to be firm about something

140. Here is a document that………………your signature. – bears

141. ‘आँख मूंदना’ मुहावरे का अर्थ है : मर जाना

142. शुद्ध शब्द है : आभ्यन्तर 

143. An income demand curve for an inferior commodity slopes: upward to the right

144. Demand for electricity is elastic because: it has alternative uses

145. A good, whose demand by a consumer falls with the rise in income of that consumer is called: inferior goods

146. Which of the following is/are the techniques of measuring elasticity of demand? – Total outlay method, Arc method and Point method

147. Cross elasticity of complementary goods is: negative 

148. The demand of life saving drug is: Inelastic

149. If a demand for a product is said to be elastic, the value of the elasticity co-efficient is: greater than one

150. The law of increasing returns is only applicable to agriculture, according to: Classical school

151. The concept of ‘consumer surplus’ was introduced and developed by: Alfred Marshall

152. Cardinal utility measurement is required in: utility theory

153. Law of increasing and constant returns are temporary phases of: law of variable proportion

154. Bilateral monopoly refers to the market situation of: NOTA

155. The demand curve facing a perfectly competitive firm is: downward sloping

156. The market period supply curve for perishable commodities is: perfectly inelastic

157. Which one of the following is not the characteristics of oligopoly firm? – One firm

158. The profit seeking monopolist operates at a level of output, where: MR=MC

159. A group of firms that gets together to make price and output decision is called:  a cartel

160. Average fixed cost: decrease with increase in output

161. The competitive equilibrium lead to: firm producing at their minimum costs

162. Which of the following is an implicit cost of production? – Interest on owned money capital

163. If the supply curve remains constant and the demand increases, the price will: increase

164. A histogram is constructed from a frequency distribution and is: two dimensional

165. If the sample size increase, the sampling error: decrases

166. Which of the following can be calculated for grouped data with open ended classes? Median and Mode

167. Arithmetic mean and Harmonic mean includes all values of the data set in its calculation:  True

168. Dispersion measure: the scatterness of a set of observations

169. Which of the following measure of central tendency may not be contained in the observation? – Mean

170. Mode can be used as central location for: qualitative and quantitative