The base year for the current series of Wholesale Price Index (WPI) introduced in 2017 is: MCQ with Answer and Explanation

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The base year for the current series of Wholesale Price Index (WPI) introduced in 2017 is:

A. 2011-12

B. 2015-16

C. 2017-18

D. 2004-05

Answer: Option A

Solution (By JKSSB Mock Tests)

The base year of the revised WPI series launched in 2017 is 2011-12.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates and multiplying by:

A. 10

B. 1

C. 1000

D. 5 if 5-year age groups are used

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Correct Answer: Option D

Explanation:
Because each ASFR is per 1000 women for a 5-year span, the sum is multiplied by 5 to give children per woman.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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According to Census 2011, which state has the highest population density among major states?

A. Bihar

B. Uttar Pradesh

C. Kerala

D. West Bengal

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Correct Answer: Option A

Explanation:
Bihar had 1106 persons/sq km, highest among major states.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The Total Fertility Rate (TFR) of a population is computed as 3.2 children per woman. If the proportion of female births is 0.48, the GRR is:

A. 3.2

B. 1.536

C. 1.5

D. 6.67

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Correct Answer: Option B

Explanation:
GRR = TFR × female proportion = 3.2 × 0.48 = 1.536.

This question belongs to: Accountancy and Statistics Statistics

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