Chain base index numbers compare each period with: MCQ with Answer and Explanation

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Chain base index numbers compare each period with:

A. An average period

B. The immediately preceding period

C. A fixed base period

D. The first period

Answer: Option B

Solution (By JKSSB Mock Tests)

Chain base indices use link relatives, where each period is the base for the next.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Neonatal Mortality Rate relates to deaths of infants occurring within:

A. The first year of life

B. The first 7 days of life

C. The first 28 days of life

D. The first 24 hours of life

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Correct Answer: Option C

Explanation:
Neonatal deaths are those occurring in the first 28 days (or 4 weeks) after birth.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If (AB) = 0, the attributes A and B are:

A. Complete positive association

B. Independent

C. Randomly associated

D. Complete disassociation

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Correct Answer: Option D

Explanation:
(AB)=0 means no object possesses both A and B, indicating perfect negative association (complete disassociation).

This question belongs to: Accountancy and Statistics Statistics

Question #3

In attribute theory, the consistency condition (αB) ≥ 0 is always true because:

A. It is an assumption

B. It depends on N

C. It is a hypothesis

D. Frequencies cannot be negative

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Correct Answer: Option D

Explanation:
Frequencies must be non-negative by definition.

This question belongs to: Accountancy and Statistics Statistics

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