An index number computed by taking the average of price relatives is known as: MCQ with Answer and Explanation

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An index number computed by taking the average of price relatives is known as:

A. Average of relatives index

B. Aggregative index

C. Fisher index

D. Chain index

Answer: Option A

Solution (By JKSSB Mock Tests)

Average of relatives method computes index as mean of (p₁/p₀ × 100).

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

If P(A)=0.5, P(B)=0.3, and A, B are mutually exclusive, then P(A∪B) is:

A. 0.5

B. 0.8

C. 0.2

D. 0.15

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Correct Answer: Option B

Explanation:
0.5+0.3=0.8.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Maternal Mortality Ratio (MMR) focuses on deaths related to:

A. All female deaths aged 15-49

B. Any cause during pregnancy

C. Deaths during hospital delivery only

D. Pregnancy, childbirth, or postpartum period (up to 42 days) from pregnancy-related causes

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Correct Answer: Option D

Explanation:
MMR specifically counts maternal deaths from complications of pregnancy, childbirth, or postpartum (within 42 days), excluding accidental or incidental causes, per WHO definition.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If P(A) = 0.3, P(B) = 0.4, and A, B are mutually exclusive, then P(A∪B) is:

A. 0.7

B. 0.5

C. 0.1

D. 0.12

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Correct Answer: Option A

Explanation:
Mutually exclusive → P(A∪B) = P(A) + P(B) = 0.3+0.4=0.7.

This question belongs to: Accountancy and Statistics Statistics

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