Purchasing power of money is computed as: MCQ with Answer and Explanation

Purchasing power of money is computed as:
A. Wholesale Price Index / Cost of Living Index
B. National Income / Price Index
C. 1 / Consumer Price Index
D. Consumer Price Index / 100
Answer: Option C
Solution (By JKSSB Mock Tests)
Purchasing power of money is the reciprocal of the price index; as prices rise, the value of money falls.

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Life expectancy at birth is derived from:
A. Crude death rate
B. Fertility rates
C. Life table
D. Census

Correct Answer: Option C


Explanation:
Life tables combine age-specific mortality rates to compute life expectancy.

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Question #2
Maternal Mortality Ratio (MMR) is expressed per 100,000 live births to:
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C. Avoid very small numbers for a relatively rare event
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Correct Answer: Option C


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Maternal deaths are uncommon; using 100,000 as the base yields manageable numbers (e.g., 100-500) instead of tiny decimals, facilitating interpretation and cross-country comparison.

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A. Bar diagram
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Correct Answer: Option B


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