If Laspeyres price index = 130, Paasche price index = 120, the Fisher index is approximately: MCQ with Answer and Explanation

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If Laspeyres price index = 130, Paasche price index = 120, the Fisher index is approximately:

A. 124.5

B. 125.0

C. 125.5

D. 124.9

Answer: Option D

Solution (By JKSSB Mock Tests)

√(130×120) = √15600 ≈ 124.8999.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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For a frequency distribution with classes 0-10, 10-20, 20-30, the class mark of the second class is:

A. 20

B. 10

C. 15

D. 25

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Correct Answer: Option C

Explanation:
Midpoint = (10+20)/2 = 15.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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If P(A) = 2/3 and P(B) = 1/2 and A, B are independent, then P(A∩B) is:

A. 1/6

B. 1/2

C. 1/3

D. 2/3

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Correct Answer: Option C

Explanation:
2/3 × 1/2 = 1/3.

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Question #3

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A fixed base index number series is one where:

A. The base period changes every year

B. Only geometric mean is used

C. All periods are compared to a single fixed base period

D. Weights change every period

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Correct Answer: Option C

Explanation:
In fixed base method, a particular year is chosen as base and all other years are compared to it.

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