CAIIB Crash Course June 2025 ABM Quiz-4

26/05/2025

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CAIIB Crash Course June 2025 ABM Quiz-4

JAIIB CAIIB Course Quiz – June 2025: The CAIIB exam for June 2025, conducted by IIBF, is fast approaching. To support your preparation, we are providing regular MCQ-based quizzes specifically designed for the JAIIB CAIIB syllabus. These quizzes are structured module-wise and unit-wise to help you cover the entire syllabus systematically. Practicing these quizzes consistently will strengthen your concepts, improve accuracy, and increase your chances of clearing the exam on your first attempt.

Q1. Which of the following is not true about Skewness?
(a) Skewness is the degree of distortion from the symmetrical bell curve or the normal distribution. It measures the lack of symmetry in data distribution.
(b) There are two types of skewness– positive and negative.
(c) If bulk of observations is in the right side of mean and the positive side is longer, it is called positive skewness of the distribution.
(d) If bulk of observations is in the right side of mean and the negative side is longer, it is called negative skewness of the distribution

Q2. The __________ function of statistics involves identifying patterns and relationships between variables, while the __________ function involves using statistical methods to control or manipulate variables in order to observe their effects on other variables.
(a) exploratory, experimental
(b) experimental, exploratory
(c) causal, correlational
(d) correlational, causal

Q3. Which of the following statements correctly distinguishes between a parameter and a statistic?
(a) A parameter is computed from the sample; a statistic is computed from the population.
(b) A statistic is a fixed but unknown value; a parameter is a known and variable value.
(c) A parameter describes a population; a statistic describes a sample and estimates a parameter.
(d) Both parameter and statistic are used only for continuous data.

Q4. Find the Arithmetic mean for following:
(a) 54.24
(b) 53.24
(c) 52.24
(d) 55.24

Q5. In which case the effect and results are unpredictable in random manner?
(a) Cyclic fluctuation
(b) Seasonal variation
(c) Regular variation
(d) Irregular variation

Q6. Which among the given statement is/are correct?
(a) Trend is caused by basic inherent factors.
(b) Business cycle Trend are mostly upward.
(c) There may be liquidity problem if we have sudden ordering for materials
(d) All of the above

Q7. Which of the following sets correctly classifies the variables as discrete or continuous? Choose the correct option:
(a) I-A, II-B, III-B
(b) I-B, II-A, III-C
(c) I-A, II-B, III-C
(d) I-C, II-B, III-A

Q8. Which among the following is not a type of probability sampling?
(a) Asystematic sampling
(b) Stratified sampling
(c) Cluster sampling
(d) Systematic sampling

Q9. In sampling theory, when drawing a sample without replacement from a finite population, the finite population correction (FPC) or finite population multiplier is applied to adjust the standard error. Which of the following represents the correct formula for the finite population multiplier?
(a) [Option not provided] (b) [Option not provided] (c) [Option not provided] (d) [Option not provided]

Q10. Statement I: The mean absolute deviation (MAD) is a measure of dispersion that represents the average absolute difference between each data point and the mean.
Statement II: The coefficient of quartile deviation is calculated by dividing the quartile deviation by the mean.
Statement III: The range is the most robust measure of dispersion as it is unaffected by extreme values.
(a) Statement I and Statement II are correct.
(b) Statement II and Statement III are correct.
(c) Statement I and Statement III are correct.
(d) All statements I, II, and III are correct.

Answer:

Q1: C
Q2: A
Q3: C
Q4: C
Q5: D
Q6: D
Q7: C
Q8: A
Q9: C
Q10: C

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