Fisher's ideal index is the ______ of Laspeyres and Paasche indices. MCQ with Answer and Explanation

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Fisher's ideal index is the ______ of Laspeyres and Paasche indices.

A. Arithmetic mean

B. Harmonic mean

C. Geometric mean

D. Median

Answer: Option C

Solution (By JKSSB Mock Tests)

Fisher's index = √(Laspeyres × Paasche).

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Infant Mortality Rate (IMR) measures the number of deaths of infants under the age of:

A. 1 year per 1,000 total population

B. 1 month per 1,000 live births

C. 5 years per 1,000 live births

D. 1 year per 1,000 live births

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Correct Answer: Option D

Explanation:
IMR is defined as the number of deaths of children less than 1 year old per 1,000 live births in a given year.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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In Fisher's ideal index, which mean is used to combine Laspeyres and Paasche indices?

A. Arithmetic mean

B. Harmonic mean

C. Median

D. Geometric mean

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Correct Answer: Option D

Explanation:
Fisher's ideal index is the geometric mean of the Laspeyres and Paasche indices.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Laspeyres' price index formula uses which of the following as weights?

A. Arbitrary quantities

B. Average of base and current year quantities

C. Current year quantities

D. Base year quantities

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Correct Answer: Option D

Explanation:
Laspeyres' index uses base year quantities (q0) as weights to measure price changes.

This question belongs to: Accountancy and Statistics Statistics

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