The Consumer Price Index for Industrial Workers (CPI-IW) is compiled by: MCQ with Answer and Explanation

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The Consumer Price Index for Industrial Workers (CPI-IW) is compiled by:

A. NSSO

B. Labour Bureau, Shimla

C. Central Statistics Office

D. Reserve Bank of India

Answer: Option B

Solution (By JKSSB Mock Tests)

The Labour Bureau compiles CPI-IW, a key measure of retail inflation for industrial workers.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

In questionnaire design, what is the primary purpose of pre-testing?

A. To select the mode of administration for the questionnaire

B. To calculate the budget for data collection

C. To finalize the sample size for the survey

D. To identify ambiguous questions and improve clarity before full deployment

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Correct Answer: Option D

Explanation:
Pre-testing a questionnaire with a small pilot group helps detect unclear wording, logical flaws, or response issues, ensuring the instrument is valid and reliable for the main survey.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Chain base index numbers are particularly useful for analyzing:

A. International comparisons

B. Base year selection

C. Short-term period-to-period fluctuations

D. Long-term structural changes

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Correct Answer: Option C

Explanation:
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.

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Question #3

Which of the following is NOT a method of collecting primary data?

A. Using published government reports

B. Interview method

C. Schedules sent through enumerators

D. Observation method

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Correct Answer: Option A

Explanation:
Using published government reports is a source of secondary data. The other methods involve collecting data firsthand.

This question belongs to: Accountancy and Statistics Statistics

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