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

The base year of the Wholesale Price Index (WPI) 2011-12 series was revised in:
A. 2019
B. 2020
C. 2015
D. 2017
Answer: Option D
Solution (By JKSSB Mock Tests)
The new WPI series with base 2011-12 was launched in 2017.

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Practice More Statistics Questions

Question #1
A researcher is interested in the effect of a new drug. She selects 50 patients randomly from a hospital list. The list is the:
A. Sample unit
B. Sample
C. Population
D. Sampling frame

Correct Answer: Option D


Explanation:
The hospital list is the sampling frame from which the sample is drawn.

This question belongs to: Accountancy and Statistics Statistics
Question #2
Age-Specific Fertility Rate for 25-29 years is 120 per 1,000 women. This means:
A. Women in this age group have 120 children on average
B. 12% of women aged 25-29 give birth each year
C. 120 is the total fertility rate contribution from this age group
D. For every 1,000 women aged 25-29, there are 120 live births in a year

Correct Answer: Option D


Explanation:
ASFR = (Births to women in age group / Women in age group) × 1,000. An ASFR of 120 indicates 120 annual births per 1,000 women aged 25-29, reflecting age-specific fertility intensity.

This question belongs to: Accountancy and Statistics Statistics
Question #3
Maternal Mortality Ratio is expressed per 100,000 live births primarily to:
A. Align with infant mortality rate units
B. Make the number easier to remember
C. Avoid very small decimal values for rare events
D. Simplify international comparisons

Correct Answer: Option C


Explanation:
Maternal deaths are relatively rare; using a base of 100,000 live births yields manageable numbers (e.g., 100-500) instead of tiny decimals (0.001-0.005), enhancing readability and comparison.

This question belongs to: Accountancy and Statistics Statistics