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. Central Statistics Office

B. Labour Bureau, Shimla

C. NSSO

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

Age-specific death rates are used to compute:

A. Standardized death rate

B. Crude death rate

C. Maternal mortality ratio

D. Infant mortality rate

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Correct Answer: Option A

Explanation:
Standardized death rate applies age-specific rates to a standard population to compare mortality.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Time reversal test in index numbers implies that if the base and current periods are interchanged, the resulting index should be the ______ of the original.

A. Double

B. Half

C. Reciprocal

D. Square

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Correct Answer: Option C

Explanation:
P₀₁ × P₁₀ = 1, i.e., they are reciprocals.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The Total Fertility Rate (TFR) is expressed as:

A. Daughters per woman

B. Children per woman

C. Live births per 1000 women

D. Percentage

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Correct Answer: Option B

Explanation:
TFR is the average number of children a woman would have.

This question belongs to: Accountancy and Statistics Statistics

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