Base year for constructing an index number should ideally be: MCQ with Answer and Explanation

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Base year for constructing an index number should ideally be:

A. The immediately preceding year

B. The current year

C. A year of war or economic crisis

D. A normal year without extreme fluctuations

Answer: Option D

Solution (By JKSSB Mock Tests)

A 'normal' base year avoids distortions in the index that would arise if the reference point was anomalous (e.g., drought, pandemic).

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Net Reproduction Rate (NRR) incorporates which additional factor compared to GRR?

A. Female mortality before reproductive age

B. Male fertility

C. Migration rates

D. Economic development index

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Correct Answer: Option A

Explanation:
NRR adjusts GRR by multiplying age-specific fertility rates by the probability of surviving to each age, accounting for female deaths before childbearing years to assess true generational replacement.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates and multiplying by:

A. 10

B. 1000

C. 1

D. 5 if 5-year age groups are used

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Correct Answer: Option D

Explanation:
Because each ASFR is per 1000 women for a 5-year span, the sum is multiplied by 5 to give children per woman.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which method is NOT a technique for collecting primary data?

A. Extraction from government census publications

B. Direct personal investigation

C. Mailed questionnaire method

D. Telephonic interview

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Correct Answer: Option A

Explanation:
Extraction from government census publications is a source of secondary data, not a method for collecting primary data, which requires firsthand gathering by the investigator.

This question belongs to: Accountancy and Statistics Statistics

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