Cost of Living Index numbers are also known as: MCQ with Answer and Explanation

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Cost of Living Index numbers are also known as:

A. Consumer price index

B. Sensex

C. Wholesale price index

D. Index of industrial production

Answer: Option A

Solution (By JKSSB Mock Tests)

Cost of Living Index measures changes in retail prices of goods and services consumed by households, essentially the Consumer Price Index.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which of the following is a principle of questionnaire design?

A. Use double negatives

B. Maintain a logical flow from general to specific

C. Use ambiguous terms

D. Ask personal questions at the beginning

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Correct Answer: Option B

Explanation:
Logical sequencing improves response quality and reduces dropout.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Total Fertility Rate (TFR) of 1.8 in a developed country suggests:

A. Fertility is increasing

B. Population will grow rapidly

C. Migration is the only growth source

D. Population is below replacement level

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Correct Answer: Option D

Explanation:
Replacement-level TFR is ~2.1 in low-mortality settings; TFR=1.8 indicates each generation of women has fewer daughters than needed for replacement, leading to eventual population decline without immigration.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The civil registration system in India records:

A. Migration only

B. Births, deaths, and marriages

C. Educational data

D. Census data

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Correct Answer: Option B

Explanation:
Civil registration is the continuous, permanent, compulsory recording of vital events.

This question belongs to: Accountancy and Statistics Statistics

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