If the price index is 125 and the quantity index is 120, the value index is: MCQ with Answer and Explanation

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If the price index is 125 and the quantity index is 120, the value index is:

A. 125

B. 150

C. 145

D. 130

Answer: Option B

Solution (By JKSSB Mock Tests)

Value ratio = price ratio × quantity ratio. In index form (decimal), 1.25 × 1.20 = 1.50, i.e., 150.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

General fertility rate (GFR) is defined as:

A. Children per woman

B. Births per 1000 population

C. Births per 1000 women aged 15-49

D. Births per 1000 married women

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Correct Answer: Option C

Explanation:
GFR = (Live births / Women 15-49) × 1000.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The mode is undefined when:

A. All values appear equally frequently

B. There is one peak

C. Data are continuous

D. Data are negative

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Correct Answer: Option A

Explanation:
If no value repeats or all frequencies equal, there is no mode.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Net Reproduction Rate (NRR) differs from Gross Reproduction Rate (GRR) because NRR takes into account:

A. Economic status

B. Migration rates

C. Male births

D. Mortality rates of mothers

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Correct Answer: Option D

Explanation:
NRR adjusts the GRR by factoring in the probability that a female child will survive through her reproductive years.

This question belongs to: Accountancy and Statistics Statistics

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