An index number that measures changes in the quantity of goods produced is: MCQ with Answer and Explanation

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An index number that measures changes in the quantity of goods produced is:

A. Cost index

B. Value index

C. Quantity index

D. Price index

Answer: Option C

Solution (By JKSSB Mock Tests)

Quantity index tracks changes in physical volume of production or consumption.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which of the following is primary data?

A. Data from a newspaper

B. Data downloaded from a government website

C. Data collected by an investigator through direct interview

D. Data taken from a published report

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Correct Answer: Option C

Explanation:
Primary data is originally collected firsthand for the specific research purpose. Direct interview is a primary method.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If the mean of a set of observations is 0, it implies:

A. The sum of all values is zero

B. There are no negative observations

C. All values are zero

D. The observations are all positive

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Correct Answer: Option A

Explanation:
Mean = Σx / n. If mean = 0, then Σx = 0.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which of the following is an example of secondary data?

A. Data obtained from the Census of India website for a research paper

B. Interviews conducted by a journalist

C. Data collected by a student for her project through a survey

D. Observations recorded in a lab experiment

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Correct Answer: Option A

Explanation:
Data already published is secondary.

This question belongs to: Accountancy and Statistics Statistics

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