Assertion (A): Fisher's Index is called the 'Ideal' index. Reason (R): It uses only base year quantities. MCQ with Answer and Explanation

Question
Assertion (A): Fisher's Index is called the 'Ideal' index. Reason (R): It uses only base year quantities.
A. A is true but R is false
B. A is false but R is true
C. Both A and R are true but R is NOT the correct explanation
D. Both A and R are true and R is the correct explanation
Answer: Option A
Solution (By JKSSB Mock Tests)
A is true, but R is false because Fisher's index uses both base and current year quantities (Geometric mean of L and P).
This question belongs to: Accountancy and Statistics Statistics
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Practice More Statistics Questions

Question #1
The weighted harmonic mean is used in which of the following situations?
A. Finding the typical value of a symmetric distribution
B. Averaging rates when weights are in the denominator units
C. Averaging percentages
D. Measuring dispersion
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Correct Answer: Option B

Explanation:
Weighted harmonic mean is useful when the weights are in the same units as the numerator of a rate.
This question belongs to: Accountancy and Statistics Statistics
Question #2
Population policy in India aims to achieve:
A. Decrease life expectancy
B. Increase fertility
C. Zero population growth immediately
D. Stabilization of population by 2045
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Correct Answer: Option D

Explanation:
The National Population Policy 2000 aims for population stabilization by 2045.
This question belongs to: Accountancy and Statistics Statistics
Question #3
If Laspeyres' index is 121 and Paasche's index is 100, Fisher's index is:
A. 110
B. 121
C. 110.5
D. 100
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Correct Answer: Option A

Explanation:
Fisher's = square root of (Laspeyres * Paasche) = sqrt(121 * 100) = sqrt(12100) = 110.
This question belongs to: Accountancy and Statistics Statistics
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