The circular test is satisfied by: MCQ with Answer and Explanation

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The circular test is satisfied by:

A. Chain index using fixed weight price relatives

B. Both A and C

C. Fisher index

D. Fixed weight aggregates

Answer: Option B

Solution (By JKSSB Mock Tests)

Fixed weight aggregates and chain indices with consistent linking can satisfy circular test, while Fisher does not.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

In the classification of data, 'chronological classification' refers to:

A. Grouping by magnitude

B. Grouping by attributes

C. Grouping by geographical area

D. Grouping by time

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Correct Answer: Option D

Explanation:
Chronological means time-based.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If GRR is 1.2, it means:

A. Population growth is 1.2%

B. A woman has 1.2 daughters on average

C. A woman has 1.2 children on average

D. 1.2 births per 1000 women

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Correct Answer: Option B

Explanation:
GRR measures average number of daughters per woman.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Given the following ASFR (per 1000 women) for 5-year age groups: 15-19:20, 20-24:150, 25-29:120, 30-34:80, 35-39:30, 40-44:10, 45-49:5. The TFR (children per woman) is approximately:

A. 2.08

B. 415

C. 1.5

D. 2.075

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Correct Answer: Option D

Explanation:
Sum of ASFRs = 415 per 1000. TFR = 5 × 415/1000 = 2075/1000 = 2.075 children per woman.

This question belongs to: Accountancy and Statistics Statistics

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