Paasche price index uses quantities of: MCQ with Answer and Explanation

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Paasche price index uses quantities of:

A. Base period

B. Average of base and current

C. Any chosen period

D. Current period

Answer: Option D

Solution (By JKSSB Mock Tests)

Paasche index uses current period quantities as weights.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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The weighted mean of 4, 6, 8 with weights 1, 2, 3 respectively is:

A. 6

B. 8

C. 7

D. 6.67

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Correct Answer: Option D

Explanation:
Weighted sum = 4×1+6×2+8×3 = 4+12+24=40. Sum of weights=6. Mean=40/6≈6.67.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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If a population has a high proportion of young people, the crude death rate may be low even if age-specific rates are high. This is an example of:

A. Sampling error

B. Age structure effect

C. Direct standardization

D. Reverse causality

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Correct Answer: Option B

Explanation:
A young population has fewer old people where mortality is high, thus CDR can be low.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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A population has a very high proportion of young people. Its crude death rate may be low even if age-specific death rates are high because:

A. Migration of elderly lowers CDR.

B. It is due to statistical error.

C. Young populations have higher immunity.

D. Death rates are high at older ages, and few old people exist.

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Correct Answer: Option D

Explanation:
CDR is a weighted average of age-specific rates; with few elderly, the high mortality rates of old age receive less weight.

This question belongs to: Accountancy and Statistics Statistics

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