The base year of the current series of CPI-IW (2016 series) is: MCQ with Answer and Explanation

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The base year of the current series of CPI-IW (2016 series) is:

A. 2010

B. 2001

C. 2016

D. 2012

Answer: Option C

Solution (By JKSSB Mock Tests)

The current CPI-IW series has base year 2016, replacing the 2001 series.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

In a random experiment, an event consisting of a single outcome is called:

A. Simple event

B. Sure event

C. Compound event

D. Null event

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Correct Answer: Option A

Explanation:
An elementary or simple event contains exactly one sample point.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Weighted mean of values 10, 20, 30 with weights 3, 2, 1 respectively is:

A. 20

B. 15

C. 18.33

D. 16.67

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Correct Answer: Option D

Explanation:
Weighted sum = 3×10+2×20+1×30 = 100. Sum of weights = 6. Mean = 100/6 = 16.67.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which of the following statements about tabulation is correct?

A. Tabulation presents data in rows and columns for easy comparison.

B. Tabulation eliminates the need for classification.

C. Tabulation is the process of grouping data into classes.

D. Tabulation is the first step of data collection.

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Correct Answer: Option A

Explanation:
Tabulation is the systematic arrangement of data in a table with rows and columns.

This question belongs to: Accountancy and Statistics Statistics

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