The CPI for agricultural labourers (CPI-AL) is used to: MCQ with Answer and Explanation

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The CPI for agricultural labourers (CPI-AL) is used to:

A. Calculate GDP

B. Measure industrial growth

C. Adjust wages of agricultural labourers

D. Regulate stock market

Answer: Option C

Solution (By JKSSB Mock Tests)

CPI-AL is primarily used to revise minimum wages for agricultural workers.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

If the mean of five numbers is 10 and four of them are 8, 9, 11, 12, the fifth number is:

A. 10

B. 9

C. 8

D. 11

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Correct Answer: Option A

Explanation:
Sum = 5×10=50. Sum of four = 8+9+11+12=40. Fifth = 50-40=10.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Infant Mortality Rate (IMR) is the number of deaths of infants under one year per:

A. 1000 live births

B. 1000 children

C. 1000 women

D. 1000 population

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Correct Answer: Option A

Explanation:
IMR = (Infant deaths < 1 year / Live births) × 1000.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Which measure of central tendency divides a dataset into two equal halves?

A. Geometric Mean

B. Arithmetic Mean

C. Median

D. Mode

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Correct Answer: Option C

Explanation:
The median is the positional average that exactly bisects the ordered dataset.

This question belongs to: Accountancy and Statistics Statistics

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