The consistency condition (A) ≥ (AB) is: MCQ with Answer and Explanation

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The consistency condition (A) ≥ (AB) is:

A. Sometimes false

B. A necessary condition for data consistency

C. Both A and C

D. Always true

Answer: Option C

Solution (By JKSSB Mock Tests)

It is always logically true that the number possessing A cannot be less than those possessing both A and B, and it is required for consistency.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The time reversal test is satisfied if P₀₁ × P₁₀ = 1. This ensures:

A. Index is free from time bias

B. Index satisfies factor reversal

C. Index uses base year weights

D. Index is the geometric mean

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Correct Answer: Option A

Explanation:
Time reversal test checks that the index is symmetrical over time.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If a dataset is bimodal, it indicates:

A. The frequency distribution has two peaks.

B. The mean is not defined.

C. The data are symmetric.

D. The data have two medians.

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Correct Answer: Option A

Explanation:
Bimodal means two modal values, i.e., two local maxima in the frequency distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The CPI is used for:

A. Measuring industrial growth

B. Determining dearness allowance and wage revision

C. Calculating national income

D. Calculating agricultural output

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Correct Answer: Option B

Explanation:
CPI measures changes in the cost of living and is used to adjust wages and allowances.

This question belongs to: Accountancy and Statistics Statistics

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