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

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Chain base index numbers are constructed using:

A. Geometric mean of price relatives only

B. Average of Laspeyres and Paasche

C. Link relatives with shifting base

D. Fixed base year weights

Answer: Option C

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

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Practice More Statistics Questions

Question #1

The sex ratio (females per 1000 males) in India according to Census 2011 is:

A. 940

B. 933

C. 943

D. 927

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Correct Answer: Option C

Explanation:
India's overall sex ratio in 2011 was 943 females per 1000 males.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The decadal growth rate of India's population during 2001-2011 was:

A. 17.64%

B. 21.54%

C. 19.2%

D. 24.8%

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Correct Answer: Option A

Explanation:
India's population grew by 17.64% between 2001 and 2011, a decline from previous decades.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which of the following is a limitation of vital statistics in India?

A. Timely reporting

B. High accuracy

C. Under-registration of births and deaths

D. Complete registration

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Correct Answer: Option C

Explanation:
Civil registration in India suffers from incomplete coverage, especially in rural areas.

This question belongs to: Accountancy and Statistics Statistics

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