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

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Cost of Living Index is essentially the same as:

A. Sensex

B. Index of Industrial Production

C. Consumer Price Index

D. Wholesale Price Index

Answer: Option C

Solution (By JKSSB Mock Tests)

Cost of Living Index measures changes in retail prices, i.e., CPI.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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A demographer wants to study the mortality of infants specifically related to birth trauma or congenital issues. Which rate is best?

A. Crude death rate

B. Neonatal mortality rate

C. Post-neonatal mortality rate

D. Standardized death rate

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Correct Answer: Option B

Explanation:
Neonatal deaths (first 28 days) are heavily driven by endogenous factors like birth defects and birth trauma.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which of the following statements about crude birth rate (CBR) is true?

A. CBR includes only male births.

B. CBR is a refined measure of fertility.

C. CBR = (Total births / Total female population) × 1000

D. CBR is affected by the age structure of the population.

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Correct Answer: Option D

Explanation:
CBR uses total population, so age composition influences it.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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A population pyramid with a broad base indicates:

A. High life expectancy

B. High birth rate

C. Low birth rate

D. Low infant mortality

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Correct Answer: Option B

Explanation:
Broad base results from a large number of births.

This question belongs to: Accountancy and Statistics Statistics

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