The CPI is used for: MCQ with Answer and Explanation

Question

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The CPI is used for:

A. Measuring industrial growth

B. Calculating agricultural output

C. Determining dearness allowance and wage revision

D. Calculating national income

Answer: Option C

Solution (By JKSSB Mock Tests)

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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Question #1

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Life expectancy at birth is best interpreted as:

A. The average number of years a newborn is expected to live if current mortality patterns persist

B. The median age at death in a given year

C. The age by which 50% of the population has died

D. The maximum age reached by any individual in the population

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Correct Answer: Option A

Explanation:
Life expectancy is a period measure derived from a life table, representing the mean survival time for a hypothetical cohort experiencing current age-specific death rates throughout life.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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The TFR is expressed as:

A. Deaths per 1000 live births

B. Births per 1000 women

C. Children per woman

D. Population per sq km

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Correct Answer: Option C

Explanation:
Total Fertility Rate is the average number of children a woman would bear.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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In attributes, if (A)=70, (B)=50, (αβ)=10, and N=100, then (AB) is:

A. 30

B. 40

C. 20

D. 10

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Correct Answer: Option A

Explanation:
(αβ)= N - (A) - (B) + (AB) ⇒ 10 = 100 -70 -50 + (AB) ⇒ (AB)=30.

This question belongs to: Accountancy and Statistics Statistics

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