Fisher's ideal index is the geometric mean of: MCQ with Answer and Explanation

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Fisher's ideal index is the geometric mean of:

A. Laspeyres and Paasche indices

B. Simple aggregative and weighted average

C. Time reversal and factor reversal

D. WPI and CPI

Answer: Option A

Solution (By JKSSB Mock Tests)

Fisher = √(Laspeyres × Paasche).

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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In the context of data collection, what is the fundamental difference between a schedule and a questionnaire?

A. There is no difference; they are synonymous.

B. A questionnaire is always sent by mail, whereas a schedule is emailed.

C. A schedule contains more questions than a questionnaire.

D. A schedule is filled by the enumerator, while a questionnaire is filled by the respondent.

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Correct Answer: Option D

Explanation:
Schedules require trained enumerators to ask questions and record answers, reducing non-response rates compared to questionnaires.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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In the Theory of Attributes, an attribute whose presence is denoted by a capital letter (e.g., A) is called a:

A. Positive attribute

B. Associated attribute

C. Negative attribute

D. Independent attribute

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Correct Answer: Option A

Explanation:
Positive attributes denote the presence of a characteristic and are traditionally represented by capital letters.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The WPI base year 2011-12 replaced which previous base year?

A. 2000-01

B. 2010

C. 1993-94

D. 2004-05

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Correct Answer: Option D

Explanation:
The previous WPI series had base 2004-05.

This question belongs to: Accountancy and Statistics Statistics

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