Index numbers are typically expressed in: MCQ with Answer and Explanation

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Index numbers are typically expressed in:

A. Ratios

B. Absolute units

C. Percentages

D. Logarithms

Answer: Option C

Solution (By JKSSB Mock Tests)

Index numbers are relative measures usually multiplied by 100 to be expressed as percentages for easy comparison.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Which mean is the largest for a set of positive numbers?

A. Harmonic mean

B. Geometric mean

C. Arithmetic mean

D. All are equal

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Correct Answer: Option C

Explanation:
For positive numbers, AM ≥ GM ≥ HM.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Vital statistics are essential for calculating which of the following?

A. Life expectancy

B. Literacy rate

C. Poverty headcount ratio

D. Gross Domestic Product

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Correct Answer: Option A

Explanation:
Life expectancy is derived from life tables constructed using age-specific death rates, which rely on vital statistics data on deaths and population by age.

This question belongs to: Accountancy and Statistics Statistics

Question #3

When rolling a fair die, the probability of getting a number greater than 4 is:

A. 1/6

B. 2/3

C. 1/2

D. 1/3

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Correct Answer: Option D

Explanation:
Numbers >4 are 5,6 → 2 out of 6 → probability = 1/3.

This question belongs to: Accountancy and Statistics Statistics

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