CPI measures changes in the prices of goods and services purchased by: MCQ with Answer and Explanation

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CPI measures changes in the prices of goods and services purchased by:

A. Manufacturers

B. Exporters

C. Consumers

D. Wholesalers

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI reflects the retail prices paid by households.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

If a dataset is bimodal, it indicates:

A. The data are symmetric.

B. The mean is not defined.

C. The frequency distribution has two peaks.

D. The data have two medians.

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Correct Answer: Option C

Explanation:
Bimodal means two modal values, i.e., two local maxima in the frequency distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The main purpose of classification is to:

A. Increase the volume of data

B. Reduce the bulk of data and bring out similarities

C. Remove all data

D. Make data look attractive

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Correct Answer: Option B

Explanation:
Classification organizes data into homogeneous groups for analysis.

This question belongs to: Accountancy and Statistics Statistics

Question #3

According to Census 2011, the population density of India is:

A. 500 persons/sq km

B. 425 persons/sq km

C. 325 persons/sq km

D. 382 persons/sq km

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Correct Answer: Option D

Explanation:
The density was 382 persons per square kilometer in 2011.

This question belongs to: Accountancy and Statistics Statistics

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