Fisher's ideal index satisfies which tests? MCQ with Answer and Explanation

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Fisher's ideal index satisfies which tests?

A. Circular test

B. Both time reversal and factor reversal tests

C. Factor reversal test only

D. Time reversal test only

Answer: Option B

Solution (By JKSSB Mock Tests)

Fisher's index is the geometric mean of Laspeyres and Paasche and satisfies both the time reversal and factor reversal tests.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

Demography is the study of:

A. Weather patterns

B. Human population

C. Animal behavior

D. Economic systems

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Correct Answer: Option B

Explanation:
Demography deals with human populations — size, composition, and distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The notation (αβ) indicates items that:

A. Possess A but not B

B. Possess both A and B

C. Possess neither A nor B

D. Possess B but not A

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Correct Answer: Option C

Explanation:
α is not A, β is not B, so (αβ) = items without A and without B.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If Net Reproduction Rate (NRR) is less than 1, the population will eventually:

A. Remain constant

B. Decrease

C. Become zero

D. Increase

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Correct Answer: Option B

Explanation:
NRR < 1 indicates each generation is not replacing itself, leading to decline.

This question belongs to: Accountancy and Statistics Statistics

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