Dorbish and Bowley's price index is the: MCQ with Answer and Explanation

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Dorbish and Bowley's price index is the:

A. Harmonic mean of Laspeyres and Paasche

B. Difference between Laspeyres and Paasche

C. Arithmetic mean of Laspeyres and Paasche

D. Geometric mean of Laspeyres and Paasche

Answer: Option C

Solution (By JKSSB Mock Tests)

Dorbish-Bowley index averages the Laspeyres and Paasche formulas using a simple arithmetic mean: (L + P) / 2.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which index number formula satisfies the circular test?

A. Simple geometric mean of price relatives with fixed base

B. Paasche index

C. Laspeyres index

D. Fisher index

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Correct Answer: Option A

Explanation:
Fixed base simple geometric mean of relatives satisfies circular test; L, P, F do not.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If a dataset has a mean of 100 and a coefficient of variation of 20%, the standard deviation is:

A. 20

B. 40

C. 10

D. 30

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Correct Answer: Option A

Explanation:
Coefficient of variation (CV) = (SD / Mean) × 100. So 20 = (SD / 100) × 100 → SD = 20. CV standardizes dispersion relative to the mean.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The Census of India is conducted every:

A. 10 years

B. 15 years

C. 5 years

D. 12 years

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Correct Answer: Option A

Explanation:
India conducts its decennial census once every ten years; the last was in 2011, the next in 2021 (postponed).

This question belongs to: Accountancy and Statistics Statistics

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