The base year of the Wholesale Price Index (WPI) 2011-12 series was revised in: MCQ with Answer and Explanation

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The base year of the Wholesale Price Index (WPI) 2011-12 series was revised in:

A. 2019

B. 2015

C. 2020

D. 2017

Answer: Option D

Solution (By JKSSB Mock Tests)

The new WPI series with base 2011-12 was launched in 2017.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The term 'demographic transition' refers to:

A. Increase in population density

B. Shift from high birth and death rates to low birth and death rates

C. Change in age structure only

D. Migration from rural to urban areas

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Correct Answer: Option B

Explanation:
Demographic transition is the historical shift from high fertility/mortality to low fertility/mortality.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The sample space for tossing three coins is:

A. 6 outcomes

B. 2 outcomes

C. 4 outcomes

D. 8 outcomes

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Correct Answer: Option D

Explanation:
Three independent coins yield 2³ = 8 possible sequences.

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Question #3

The Sample Registration System (SRS) is a:

A. Large-scale sample survey

B. Administrative record system

C. Census

D. Complete enumeration

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Correct Answer: Option A

Explanation:
SRS is a dual-record sample survey for estimating vital rates.

This question belongs to: Accountancy and Statistics Statistics

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