Paasche's price index formula is: MCQ with Answer and Explanation

Question

Share Report Error

Paasche's price index formula is:

A. Σp₁q₁ / Σp₀q₀ × 100

B. Σp₁q₁ / Σp₀q₁ × 100

C. Σp₁q₀ / Σp₀q₀ × 100

D. Σp₁(q₀+q₁) / Σp₀(q₀+q₁) × 100

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Accountancy and Statistics Statistics

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1

Which of the following is a direct source of demographic data in India?

A. Economic Survey

B. Annual Report of RBI

C. National Sample Survey (NSS)

D. Census of India

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Census is the primary source of demographic data; NSS also provides demographic data but census is the most direct comprehensive source.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which of the following is a vital event?

A. Migration

B. Enrollment in school

C. Employment

D. Marriage

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Vital events include births, deaths, marriages, divorces.

This question belongs to: Accountancy and Statistics Statistics

Question #3

For inclusive class intervals like 10-19, 20-29, the true class boundaries are obtained by:

A. Subtracting 0.5 from lower limit and adding 0.5 to upper limit

B. Adding 0.5 to both limits

C. Leaving them unchanged

D. Subtracting 0.5 from both limits

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Inclusive series have gaps; adjusting by half the gap (0.5) gives continuous boundaries: 9.5-19.5, 19.5-29.5, etc.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs