Chain base index numbers are constructed using: MCQ with Answer and Explanation

Question

Share Report Error

Chain base index numbers are constructed using:

A. Fixed base year weights

B. Geometric mean of price relatives only

C. Average of Laspeyres and Paasche

D. Link relatives with shifting base

Answer: Option D

Solution (By JKSSB Mock Tests)

Chain indices are compiled by linking relative changes (link relatives) where each period is compared with the immediately preceding period.

This question belongs to: Accountancy and Statistics Statistics

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1

Harmonic mean is undefined if:

A. All observations are positive

B. Data are continuous

C. Data are discrete

D. Any observation is zero

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Reciprocals of zero are infinite, making HM undefined.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Pre‑testing of a questionnaire means:

A. Administering the final questionnaire to the sample

B. Trying out the draft questionnaire on a small group to detect flaws

C. Printing the questionnaire

D. Designing the questionnaire

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Pre‑testing (pilot study) helps identify ambiguous or difficult questions before the main survey.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If P(A) = 0.4, P(B) = 0.5, and P(A ∩ B) = 0.2, then P(A|B) is:

A. 0.8

B. 0.4

C. 0.2

D. 0.5

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Conditional probability P(A|B) = P(A ∩ B) / P(B) = 0.2 / 0.5 = 0.4. This represents the probability of A occurring given that B has already occurred.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs