Paasche price index is represented by: MCQ with Answer and Explanation

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Paasche price index is represented by:

A. Σp₁q₀ / Σp₀q₁ × 100

B. Σp₁q₁ / Σp₀q₀ × 100

C. Σp₁q₀ / Σp₀q₀ × 100

D. Σp₁q₁ / Σp₀q₁ × 100

Answer: Option D

Solution (By JKSSB Mock Tests)

Paasche uses current period quantities: Σp₁q₁ / Σp₀q₁ × 100.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Post-neonatal mortality refers to deaths from:

A. 28 days to 1 year

B. 1-5 years

C. 0-28 days

D. 0-7 days

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Correct Answer: Option A

Explanation:
Post-neonatal period is from 28 days to 1 year.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Laspeyres index formula is:

A. Σp₁q₁ / Σp₀q₁ × 100

B. Σp₁q₁ / Σp₀q₀ × 100

C. Σp₁q₀ / Σp₀q₀ × 100

D. √(L×P) × 100

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Correct Answer: Option C

Explanation:
Laspeyres uses base quantities as weights.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Infant Mortality Rate (IMR) is calculated using live births in the denominator rather than total population because:

A. It simplifies calculation

B. Infant deaths are directly linked to birth cohort, not total population size

C. Total population data is unavailable

D. It aligns with maternal mortality calculation

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Correct Answer: Option B

Explanation:
IMR measures risk per birth event; using live births as denominator reflects the population at risk (newborns), providing a more accurate and comparable measure of infant survival than per total population.

This question belongs to: Accountancy and Statistics Statistics

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