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

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The circular test is satisfied by:

A. Fisher index

B. Fixed weight aggregates

C. Both A and C

D. Chain index using fixed weight price relatives

Answer: Option C

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

Total Fertility Rate (TFR) is a period measure that assumes:

A. Migration is zero

B. All women marry at the same age

C. Women will experience current age-specific fertility rates throughout their lives

D. Mortality rates remain constant

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Correct Answer: Option C

Explanation:
TFR sums current ASFRs to estimate completed fertility for a hypothetical cohort, assuming no future changes in age-specific fertility behavior, making it a snapshot of current fertility intensity.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The weighted mean of 4, 6, 8 with weights 1, 2, 3 respectively is:

A. 7

B. 8

C. 6.67

D. 6

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Correct Answer: Option C

Explanation:
Weighted sum = 4×1+6×2+8×3 = 4+12+24=40. Sum of weights=6. Mean=40/6≈6.67.

This question belongs to: Accountancy and Statistics Statistics

Question #3

For a dataset, if all values are multiplied by a constant k, the new arithmetic mean is:

A. Multiplied by k

B. Multiplied by k²

C. Unchanged

D. Divided by k

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Correct Answer: Option A

Explanation:
Mean is linear: if x̄ is original mean, new mean = Σ(kx)/n = kΣx/n = kx̄. This property is useful for unit conversions (e.g., meters to centimeters).

This question belongs to: Accountancy and Statistics Statistics

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