If the current WPI is 140 and base year WPI is 100, the inflation rate is: MCQ with Answer and Explanation

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If the current WPI is 140 and base year WPI is 100, the inflation rate is:

A. 140%

B. 40%

C. 28.6%

D. 100%

Answer: Option B

Solution (By JKSSB Mock Tests)

Inflation rate = (140 - 100)/100 × 100% = 40%.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Which method of collecting primary data is most suitable when the field of investigation is highly confidential and restricted?

A. Direct personal interview

B. Information through local correspondents

C. Indirect oral investigation

D. Mailed questionnaire method

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Correct Answer: Option A

Explanation:
Direct personal interview ensures maximum confidentiality as the investigator directly collects data without intermediaries.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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The sex ratio (females per 1000 males) in India according to Census 2011 is:

A. 927

B. 940

C. 933

D. 943

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Correct Answer: Option D

Explanation:
India's overall sex ratio in 2011 was 943 females per 1000 males.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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A census is characterized by:

A. Sampling only 10% of the population

B. Continuous registration of vital events only

C. Estimation based on survey data

D. Complete enumeration of every individual in a population at a specific time

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Correct Answer: Option D

Explanation:
A census involves counting and collecting demographic, social, and economic data from every member of a population within a defined territory at a particular reference time, ensuring comprehensive coverage.

This question belongs to: Accountancy and Statistics Statistics

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