The Circular Test of an index number is an extension of the: MCQ with Answer and Explanation

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The Circular Test of an index number is an extension of the:

A. Unit Test

B. Proportionality Test

C. Time Reversal Test

D. Factor Reversal Test

Answer: Option C

Solution (By JKSSB Mock Tests)

The Circular Test requires P01 * P12 * P20 = 1, extending the logic of the time reversal test to multiple periods.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Consumer Price Index for Industrial Workers (CPI-IW) in India is primarily used for:

A. Revising dearness allowance for government employees

B. Calculating GDP deflator

C. Adjusting wholesale trade contracts

D. Setting export subsidies

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Correct Answer: Option A

Explanation:
CPI-IW tracks price changes for a basket consumed by industrial workers and is the key index used by the Indian government to adjust dearness allowance (DA) for central government employees and pensioners.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The perinatal mortality rate includes:

A. Maternal deaths during childbirth

B. Deaths from 1 month to 1 year

C. Stillbirths and deaths in first week of life

D. All infant deaths under one year

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Correct Answer: Option C

Explanation:
Perinatal period = 28 weeks gestation to 7 days after birth.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The Maternal Mortality Ratio (MMR) in India has recently declined to around:

A. 300 per 100,000

B. 50 per 100,000

C. 113 per 100,000 live births

D. 200 per 100,000

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Correct Answer: Option C

Explanation:
As per SRS 2016-18, India's MMR was 113 per 100,000 live births.

This question belongs to: Accountancy and Statistics Statistics

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