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

Question

Share Report Error

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

A. 2016

B. 2012

C. 2001

D. 2010

Answer: Option A

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

Request complete Subject PDF

Discuss this Question (0)

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

Practice More Statistics Questions

Question #1

The probability of getting a sum of 7 when two dice are rolled is:

A. 1/6

B. 5/36

C. 1/36

D. 6/36

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
6 favorable pairs out of 36 = 6/36 = 1/6. Option D is also 6/36 but simplifies to 1/6. Use A.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which measure of central tendency is undefined for data containing zero?

A. Median

B. Arithmetic mean

C. Geometric mean

D. Harmonic mean

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Harmonic mean involves reciprocals; if any value is zero, reciprocal is infinite, so it's undefined.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The geometric mean of 4, 9, and 16 is:

A. 10

B. 9

C. 12

D. 8

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Geometric mean = (4 × 9 × 16)^(1/3) = (576)^(1/3) = 8. It is the nth root of the product of n observations, useful for averaging ratios or growth rates.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs