In the chain base method, each link relative is: MCQ with Answer and Explanation

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In the chain base method, each link relative is:

A. Current period price / immediately preceding period price

B. Average of two periods

C. Base period price / current period price

D. Current period price / fixed base period price

Answer: Option A

Solution (By JKSSB Mock Tests)

Link relatives compare each period with the previous period.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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A bag contains 5 white and 3 black balls. If one ball is drawn, the probability it is black is:

A. 3/5

B. 5/8

C. 1/8

D. 3/8

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Correct Answer: Option D

Explanation:
Total balls = 8. Favorable outcomes (black) = 3. Probability = 3/8.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which of the following data collection methods is most suitable when the area of investigation is large and funds are limited?

A. Observation method

B. Schedule through enumerators

C. Direct personal interview

D. Mailed questionnaire

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Correct Answer: Option D

Explanation:
Mailed questionnaire is economical and can cover a wide area with limited resources.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The measure that divides the data into 100 equal parts is:

A. Percentile

B. Median

C. Decile

D. Quartile

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Correct Answer: Option A

Explanation:
Percentiles partition data into 100 parts.

This question belongs to: Accountancy and Statistics Statistics

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