The CPI (Rural) and CPI (Urban) are released by: MCQ with Answer and Explanation

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The CPI (Rural) and CPI (Urban) are released by:

A. RBI

B. Finance Ministry

C. National Statistical Office

D. Labour Bureau

Answer: Option C

Solution (By JKSSB Mock Tests)

NSO compiles CPI for rural and urban areas separately.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The National Sample Survey Office (NSSO) conducts surveys on:

A. Corporate profits

B. Stock market indices

C. Consumer expenditure and employment

D. Wholesale prices

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Correct Answer: Option C

Explanation:
NSSO conducts socio-economic surveys, including consumer expenditure, employment-unemployment.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The combined mean of two groups of sizes n₁ and n₂ with means x̄₁ and x̄₂ is given by:

A. (x̄₁/x̄₂) × (n₁ + n₂)

B. (x̄₁ + x̄₂)/2

C. (n₁x̄₁ + n₂x̄₂)/(n₁ + n₂)

D. (n₁x̄₁ + n₂x̄₂)/2

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Correct Answer: Option C

Explanation:
Combined mean is a weighted average.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The CPI (Rural) and CPI (Urban) are compiled by:

A. Labour Bureau

B. RBI

C. NITI Aayog

D. Central Statistics Office (NSO)

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Correct Answer: Option D

Explanation:
The National Statistical Office (NSO), under MoSPI, compiles the CPI for rural, urban, and combined.

This question belongs to: Accountancy and Statistics Statistics

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