If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately: MCQ with Answer and Explanation

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If the Laspeyres price index is 120 and Paasche price index is 110, Fisher's ideal index is approximately:

A. 116.0

B. 115.5

C. 114.0

D. 114.9

Answer: Option D

Solution (By JKSSB Mock Tests)

Fisher's index = √(120 × 110) = √13200 ≈ 114.89 ≈ 114.9. This geometric mean balances the upward bias of Laspeyres and downward bias of Paasche.

This question belongs to: Accountancy and Statistics Statistics

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Maternal Mortality Ratio is expressed per 100,000 live births primarily to:

A. Simplify international comparisons

B. Align with infant mortality rate units

C. Avoid very small decimal values for rare events

D. Make the number easier to remember

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Correct Answer: Option C

Explanation:
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Which type of classification is used when data is grouped according to time periods such as years, months, or quarters?

A. Spatial classification

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Correct Answer: Option C

Explanation:
Chronological classification organizes data based on time sequences, enabling analysis of trends, patterns, and changes over specific periods like years or months.

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