

CAIIB ABM Important Questions Asked in CAIIB Exam: For the Banking Professionals, CAIIB (Certified Association of Indian Institute of Bankers) is a flagship for banking and finance professionals. the CAIIB examination is conducted twice a year by the Indian Institute of Banking and Finance (IIBF) for those employees who are certified by JAIIB and who are members of IIBF.
Candidates require the best CAIIB study material which includes online classes, video courses, books and test series to crack the Certified Association of Indian Institute of Bankers Examination. Here we have discussed the CAIIB ABM Important Questions Asked in CAIIB Exam.Q1. Which of the following statement is incorrect with respect to correlation?
i. It determines the strength of the non-linear relationship between two variables.
ii. There is no differentiation between dependent and independent variables.
iii. Correlation coefficient of 0 indicates absence of correlation.
a) Only I b) Only II c) Only III d) Only I & III Ans. a) Only IQ2. The range of correlation coefficient lies between
a) -1 and 11 b) 0 and 1 c) - Infinity and Infinity d) -1 and 0 Ans. a) -1 and 11Q3. The simple linear relationship between two variables is given by the equation y= a +bx. What are the terms a & b called?
a) Explanatory Variables b) Parameters c) Error terms d) Independent Variables Ans. b) ParametersQ4. In business and economics, how is statistics utilized for decision making and analysis?
a) By predicting the effect of variables through time series analysis. b) By using Bayesian Decision Theory to evaluate alternative courses of action. c) By analyzing demand, cost, price and quantity d) All of the above. Ans. d) All of the above.Q5. Calculate correlation coefficient from data
Variance of x = 225
Variance of y = 576
Number of observations = 20
a) 0.234 b) 0.457 c) 0.114 d) 0.543 Ans: c) 0.114 Q6. What are the factors affecting Confidence Intervals? A Sample Size B Percentage C Population Size a) A & B b) B & C c) Only A d) A, B & C Ans: d) A, B & C