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. Laspeyres index

B. Simple index

C. Fisher index

D. Weighted index

Answer: Option B

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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Practice More Statistics Questions

Question #1

Fisher's ideal index is the ______ of Laspeyres and Paasche indices.

A. Harmonic mean

B. Arithmetic mean

C. Geometric mean

D. Median

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Correct Answer: Option C

Explanation:
Fisher's index = √(Laspeyres × Paasche).

This question belongs to: Accountancy and Statistics Statistics

Question #2

The simple aggregative price index is:

A. √(L×P) × 100

B. Σp₁q₀ / Σp₀q₀ × 100

C. Σp₁ / Σp₀ × 100

D. Σp₁q₁ / Σp₀q₁ × 100

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Correct Answer: Option C

Explanation:
Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The Sample Registration System (SRS) in India uses:

A. Complete enumeration

B. Dual record system (continuous enumeration and half-yearly survey)

C. Telephonic survey

D. Single record system

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Correct Answer: Option B

Explanation:
SRS employs a dual record system combining continuous registration and periodic retrospective surveys.

This question belongs to: Accountancy and Statistics Statistics

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