ABM Module A Chapter-1 Statistics QUIZ

ABM Module A Chapter-1 Definition of Statistics, Importance & Limitations & Data Collection, Classification & Tabulation

This quiz is crafted to help you master the fundamentals of statistics, a key area in banking and financial analysis. It includes 20 exam-oriented multiple-choice questions designed to strengthen your understanding and boost your exam confidence.

Perfect for CAIIB aspirants aiming to crack the paper with conceptual clarity.

Stay smart. Stay ahead.

Visit 👉 bankingshiksha.com for daily quizzes, concept-based study notes, and updated exam material.

1 / 20

What does the term Statistics (plural) refer to?

Numerical data or facts collected systematically

Science of data analysis

Population sample

Class interval grouping

2 / 20

What does Statistics (singular) mean?

Numerical facts

Science of collecting, classifying, presenting, analyzing & interpreting data

Sample size

Aggregated data

3 / 20

Which of the following is not a function of statistics?

Condensation

Comparison

Hypothesis testing

Percent yield calculation

4 / 20

Condensation in statistics refers to:

Summarizing large datasets into simpler measures

Running hypothesis tests

Data tabulation

Calculating standard deviation

5 / 20

What is forecasting in statistics used for?

Categorizing data

Predicting future trends using historical data

Data tabulation

Sampling

6 / 20

Which term describes a representative subgroup of a population?

Census

Sample

Population

Class interval

7 / 20

What type of data is collected directly through interviews or questionnaires?

Secondary data

Primary data

Aggregated data

Tertiary data

8 / 20

Which method is not used to collect primary data?

Direct personal interview

Indirect oral investigation

Published RBI reports

Questionnaires

9 / 20

Which source is an example of secondary data?

Bank customer survey

Internal bank records

RBI report

Focus group discussion

10 / 20

10.

Classification by time period is called:

Geographical

Chronological

Qualitative

Quantitative

11 / 20

11.

When data is organized based on attributes, it’s called:

Geographical classification

Chronological classification

Quantitative classification

Qualitative classification

12 / 20

12.

Tabulation refers to:

Grouping data into classes

Sampling

Presenting classified data in tables

Forecasting

13 / 20

13.

In frequency distribution, the class interval refers to:

The number of observations

The range of values in each class

The upper class limit only

The lower class limit

14 / 20

14.

If waiting times are grouped into intervals like 0–4, 4–8, what kind of class intervals are they?

One-way intervals

Varying-size intervals

Odd intervals

Equal-size intervals

15 / 20

15.

Functions of statistics include all except:

Estimation

Comparison

Hypothesis testing

Employee appraisal

16 / 20

16.

A limitation of statistics is that findings are:

Based on aggregates and probability

Exact

Subjective

Always precise

17 / 20

17.

Which statement about statistics is false?

It deals with individual values perfectly

It can be misused

It requires expertise

It handles qualitative data indirectly

18 / 20

18.

What is the population in bank statistics?

Subset of bank customers

All savings account holders of the bank

Data sample

Class intervals

19 / 20

19.

Which is an example of primary data collection for a new loan product?

RBI trend report

Survey of young professionals

Internal MIS data

Competitor loan analysis

20 / 20

20.

In tabulating loan portfolio, which classification is used?

Geographical

Quantitative

Qualitative

Time-series

Your score is

The average score is 20%

ABM Module A Chapter-1 Definition of Statistics, Importance & Limitations & Data Collection, Classification & Tabulation

This quiz is crafted to help you master the fundamentals of statistics, a key area in banking and financial analysis. It includes 20 exam-oriented multiple-choice questions designed to strengthen your understanding and boost your exam confidence.

Perfect for CAIIB aspirants aiming to crack the paper with conceptual clarity.

Stay smart. Stay ahead.

Visit 👉 bankingshiksha.com for daily quizzes, concept-based study notes, and updated exam material.

What does the term Statistics (plural) refer to?

What does Statistics (singular) mean?

Which of the following is not a function of statistics?

Condensation in statistics refers to:

What is forecasting in statistics used for?

Which term describes a representative subgroup of a population?

What type of data is collected directly through interviews or questionnaires?

Which method is not used to collect primary data?

Which source is an example of secondary data?

Classification by time period is called:

When data is organized based on attributes, it’s called:

Tabulation refers to:

In frequency distribution, the class interval refers to:

If waiting times are grouped into intervals like 0–4, 4–8, what kind of class intervals are they?

Functions of statistics include all except:

A limitation of statistics is that findings are:

Which statement about statistics is false?

What is the population in bank statistics?

Which is an example of primary data collection for a new loan product?

In tabulating loan portfolio, which classification is used?

Quick Links

Study Material

Follow us on

ABM Module A Chapter-1 Definition of Statistics, Importance & Limitations & Data Collection, Classification & Tabulation

This quiz is crafted to help you master the fundamentals of statistics, a key area in banking and financial analysis. It includes 20 exam-oriented multiple-choice questions designed to strengthen your understanding and boost your exam confidence.

Perfect for CAIIB aspirants aiming to crack the paper with conceptual clarity.

Stay smart. Stay ahead.

Visit 👉 bankingshiksha.com for daily quizzes, concept-based study notes, and updated exam material.

What does the term Statistics (plural) refer to?

What does Statistics (singular) mean?

Which of the following is not a function of statistics?

Condensation in statistics refers to:

What is forecasting in statistics used for?

Which term describes a representative subgroup of a population?

What type of data is collected directly through interviews or questionnaires?

Which method is not used to collect primary data?

Which source is an example of secondary data?

Classification by time period is called:

When data is organized based on attributes, it’s called:

Tabulation refers to:

In frequency distribution, the class interval refers to:

If waiting times are grouped into intervals like 0–4, 4–8, what kind of class intervals are they?

Functions of statistics include all except:

A limitation of statistics is that findings are:

Which statement about statistics is false?

What is the population in bank statistics?

Which is an example of primary data collection for a new loan product?

In tabulating loan portfolio, which classification is used?

Related Posts

Quick Links

Study Material

Follow us on