Fisher's ideal quantity index formula is: MCQ with Answer and Explanation

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Fisher's ideal quantity index formula is:

A. (Σp₀q₁/Σp₀q₀) × 100

B. √[ (Σp₁q₀/Σp₀q₀) × (Σp₁q₁/Σp₀q₁) ] × 100

C. (Σp₁q₁/Σp₁q₀) × 100

D. √[ (Σp₀q₁/Σp₀q₀) × (Σp₁q₁/Σp₁q₀) ] × 100

Answer: Option D

Solution (By JKSSB Mock Tests)

Fisher's quantity index is the geometric mean of Laspeyres and Paasche quantity indices.

This question belongs to: Accountancy and Statistics Statistics

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Maternal Mortality Ratio (MMR) is conventionally expressed per:

A. 100,000 live births

B. 10,000 live births

C. 1,000 live births

D. 1,000,000 live births

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Correct Answer: Option A

Explanation:
MMR is defined globally as the number of maternal deaths per 100,000 live births to track obstetric risks.

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Data collected for the first time by an investigator for a specific purpose is called:

A. Published data

B. Secondary data

C. Primary data

D. Compiled data

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Correct Answer: Option C

Explanation:
Primary data is original data collected fresh for a particular research objective.

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Question #3

Which of the following is an advantage of a mailed questionnaire?

A. High response rate

B. Suitable for illiterate respondents

C. Clarification of doubts possible

D. Low cost and wide coverage

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Correct Answer: Option D

Explanation:
Mailed questionnaires are relatively inexpensive and can reach a geographically dispersed population.

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