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. Fixed base year weights

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

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Practice More Statistics Questions

Question #1

The term 'demographic transition' refers to:

A. Change in age structure only

B. Migration from rural to urban areas

C. Shift from high birth and death rates to low birth and death rates

D. Increase in population density

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Correct Answer: Option C

Explanation:
Demographic transition is the historical shift from high fertility/mortality to low fertility/mortality.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If P(A)=0.6, P(B)=0.5, P(A∩B)=0.4, then P(A|B) is:

A. 0.4

B. 0.8

C. 0.75

D. 0.67

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Correct Answer: Option B

Explanation:
P(A|B) = P(A∩B)/P(B) = 0.4/0.5 = 0.8.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which measure of central tendency can be determined graphically from an ogive?

A. Median

B. Geometric mean

C. Mean

D. Mode

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Correct Answer: Option A

Explanation:
Median is the x-value corresponding to cumulative frequency N/2 on the ogive.

This question belongs to: Accountancy and Statistics Statistics

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