The base year of All India CPI (Combined) currently is: MCQ with Answer and Explanation

The base year of All India CPI (Combined) currently is:
A. 2010
B. 2011-12
C. 2016
D. 2012
Answer: Option D
Solution (By JKSSB Mock Tests)
The new series of CPI (Rural, Urban, Combined) has base year 2012.

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Practice More Statistics Questions

Question #1
For a dataset with an outlier, the median is preferred over the mean because the median is:
A. Based on all observations
B. Less sensitive to extreme values
C. Easier to calculate
D. Always an integer

Correct Answer: Option B


Explanation:
The median depends only on the middle observation(s) in ordered data, making it robust to outliers that can disproportionately influence the mean's value.

This question belongs to: Accountancy and Statistics Statistics
Question #2
The NRR can be interpreted as the average number of:
A. Sons per woman
B. Live births per 1000 women
C. Daughters per woman who survive to reproductive age
D. Children per woman

Correct Answer: Option C


Explanation:
NRR accounts for both fertility and mortality of women.

This question belongs to: Accountancy and Statistics Statistics
Question #3
Gross Reproduction Rate (GRR) of 1.0 means that, on average, each woman has:
A. One son
B. Two children
C. One daughter
D. One child

Correct Answer: Option C


Explanation:
GRR counts only female births; GRR=1.0 indicates each woman has exactly one daughter on average, suggesting potential replacement of the female population if mortality is ignored.

This question belongs to: Accountancy and Statistics Statistics