An index number measures: MCQ with Answer and Explanation

Question

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An index number measures:

A. Total value

B. Relative change over time or space

C. Absolute change

D. Average only

Answer: Option B

Solution (By JKSSB Mock Tests)

Index numbers measure relative changes in a variable compared to a base period.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Census of India 2011 was the:

A. 15th census

B. 16th census

C. 14th census

D. 13th census

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Correct Answer: Option A

Explanation:
Since the first synchronous census in 1881, the 2011 census was the 15th decennial census.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which of the following is NOT a source of primary data?

A. Interviews conducted by the researcher

B. Census of India 2011 data used by a demographer

C. A questionnaire filled by the respondent online

D. An experiment conducted in a lab

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Correct Answer: Option B

Explanation:
Census data is already published; it is secondary data for a demographer.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Which of the following is NOT a test of index numbers?

A. Mean test

B. Time reversal test

C. Circular test

D. Factor reversal test

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Correct Answer: Option A

Explanation:
Common tests are time reversal, factor reversal, and circular test. 'Mean test' is not standard.

This question belongs to: Accountancy and Statistics Statistics

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