Cost of Living Index is essentially the same as: MCQ with Answer and Explanation

Cost of Living Index is essentially the same as:
A. Wholesale Price Index
B. Consumer Price Index
C. Sensex
D. Index of Industrial Production
Answer: Option B
Solution (By JKSSB Mock Tests)
Cost of Living Index measures changes in retail prices, i.e., CPI.

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Practice More Statistics Questions

Question #1
Maternal Mortality Ratio is highest in regions with:
A. Universal health insurance
B. Limited access to prenatal and delivery care
C. High rates of facility-based deliveries
D. Skilled birth attendance and emergency obstetric care

Correct Answer: Option B


Explanation:
MMR is elevated where women lack access to skilled care during pregnancy and childbirth, leading to unmanaged complications like hemorrhage, sepsis, or obstructed labor.

This question belongs to: Accountancy and Statistics Statistics
Question #2
General Fertility Rate (GFR) is expressed per:
A. 1,000 women aged 15-49 years
B. 10,000 total population
C. 1,000 live births
D. 100 women

Correct Answer: Option A


Explanation:
GFR = (Live births in a year / Mid-year population of women aged 15-49) × 1,000, standardizing fertility measurement to the population at risk of childbearing.

This question belongs to: Accountancy and Statistics Statistics
Question #3
An index number that does not use weights is called:
A. Simple index
B. Weighted index
C. Laspeyres index
D. Fisher index

Correct Answer: Option A


Explanation:
Simple index numbers give equal importance to all items.

This question belongs to: Accountancy and Statistics Statistics