If the Laspeyres price index for a commodity basket is 140 and the Paasche is 135, Fisher's index is: MCQ with Answer and Explanation

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If the Laspeyres price index for a commodity basket is 140 and the Paasche is 135, Fisher's index is:

A. 137.47

B. 140

C. 135

D. 137.5

Answer: Option A

Solution (By JKSSB Mock Tests)

√(140×135) = √18900 ≈ 137.477.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Data on 'Religion of individuals' (Hindu, Muslim, Christian, etc.) is an example of:

A. Qualitative classification

B. Quantitative classification

C. Chronological classification

D. Spatial classification

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Correct Answer: Option A

Explanation:
Religion is an attribute, not a numerical value, so grouping by religion is a qualitative (descriptive) classification.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which average is strictly impossible to calculate if any of the observations in the dataset is exactly zero?

A. Arithmetic Mean

B. Geometric Mean

C. Both Geometric and Harmonic Mean

D. Harmonic Mean

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Correct Answer: Option C

Explanation:
Geometric mean becomes zero if any value is zero, and Harmonic mean involves division by zero, making both invalid.

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Question #3

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Which method is suitable when the informants are not literate?

A. Direct personal interview

B. Mailed questionnaire

C. Online survey

D. Telephonic interview

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Correct Answer: Option A

Explanation:
Direct personal interview enables the enumerator to explain questions and record answers accurately, especially for illiterate respondents.

This question belongs to: Accountancy and Statistics Statistics

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