Base shifting in index numbers is commonly done when: MCQ with Answer and Explanation

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Base shifting in index numbers is commonly done when:

A. Calculating geometric means

B. Prices have dropped significantly

C. Switching from WPI to CPI

D. The base year becomes too old and irrelevant

Answer: Option D

Solution (By JKSSB Mock Tests)

As consumption patterns change over time, old base years lose relevance, requiring 'base shifting' to a more recent period.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

If the NRR = 1, the population is:

A. Declining

B. Undefined

C. Exactly replacing itself

D. Growing

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Correct Answer: Option C

Explanation:
NRR=1 implies replacement level.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The median of 5, 3, 8, 10, 12, 15 is:

A. 8

B. 9

C. 12

D. 10

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Correct Answer: Option B

Explanation:
Ordered: 3,5,8,10,12,15. Even number, median = (8+10)/2 = 9.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In a statistical table, the source note is usually placed:

A. At the top

B. At the bottom

C. In the box-head

D. In the stub

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Correct Answer: Option B

Explanation:
The source is indicated as a footnote at the bottom of the table.

This question belongs to: Accountancy and Statistics Statistics

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