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. Time reversal and factor reversal

B. WPI and CPI

C. Laspeyres and Paasche indices

D. Simple aggregative and weighted average

Answer: Option C

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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Demographic transition theory suggests that in the third stage, populations experience:

A. High birth and death rates with migration

B. Declining birth rates with low death rates

C. High birth and death rates

D. Declining death rates with high birth rates

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Correct Answer: Option B

Explanation:
Stage three of demographic transition features falling fertility due to urbanization, education, and contraception, while mortality remains low, leading to slowing population growth.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Index numbers are generally known as:

A. Demographic indicators

B. Trend setters

C. Statistical multipliers

D. Economic barometers

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Correct Answer: Option D

Explanation:
Index numbers measure changes in the level of an economic phenomenon over time, earning the title 'economic barometers'.

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Question #3

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

A. Exporters

B. Consumers

C. Manufacturers

D. Wholesalers

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Correct Answer: Option B

Explanation:
CPI reflects the retail prices paid by households.

This question belongs to: Accountancy and Statistics Statistics

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