An index number that does not use weights is called: MCQ with Answer and Explanation

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An index number that does not use weights is called:

A. Weighted index

B. Fisher index

C. Laspeyres index

D. Simple index

Answer: Option D

Solution (By JKSSB Mock Tests)

Simple index numbers give equal importance to all items.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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If a frequency distribution has class intervals 10-20, 20-30, 30-40 and a value 30 is placed in 30-40, the classification is:

A. Open-end

B. Exclusive

C. Inclusive

D. Cumulative

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Correct Answer: Option B

Explanation:
This is the convention of exclusive classification: upper limit excluded from the interval.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Life expectancy at birth in India (2014-18) is approximately:

A. 65 years

B. 72 years

C. 69 years

D. 60 years

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Correct Answer: Option C

Explanation:
As per SRS 2014-18, life expectancy at birth was 69 years (male 68.2, female 70.7).

This question belongs to: Accountancy and Statistics Statistics

Question #3

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In a continuous frequency distribution, the class interval '10-20' means the class includes:

A. Values from 10 up to exactly 20

B. Values greater than 20

C. Only the values 10 and 20

D. Values from 10 up to but not including 20 (in an exclusive series)

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Correct Answer: Option D

Explanation:
In standard exclusive class intervals, the lower limit is included, but the upper limit is excluded and falls into the next class.

This question belongs to: Accountancy and Statistics Statistics

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