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

Question

Share Report Error

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

A. Adjust wages of agricultural labourers

B. Measure industrial growth

C. Calculate GDP

D. Regulate stock market

Answer: Option A

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

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1

If a woman gave birth to a child at age 30, the birth is counted in ASFR for age group:

A. 25-29

B. 30-34

C. 35-39

D. 20-24

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Age 30 falls in the 30-34 age group.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The infant mortality rate in Kerala is lower than in Madhya Pradesh primarily due to:

A. Higher fertility

B. Higher income

C. Larger population

D. Better healthcare and higher female literacy

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option D

Explanation:
Kerala's good health infrastructure and high literacy contribute to low IMR.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In a factory, machines A, B, and C produce 30%, 45%, and 25% of total output, with defect rates of 2%, 3%, and 4% respectively. If a randomly selected item is defective, the probability it was produced by machine B is approximately:

A. 0.30

B. 0.43

C. 0.45

D. 0.50

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
Using Bayes' theorem: P(B|Defective) = [P(Defective|B) × P(B)] / [Σ P(Defective|machine) × P(machine)] = (0.03×0.45) / (0.02×0.30 + 0.03×0.45 + 0.04×0.25) = 0.0135 / 0.0315 ≈ 0.4286 ≈ 0.43.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs