The factor reversal test links: MCQ with Answer and Explanation

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The factor reversal test links:

A. Price index and quantity index to the value ratio

B. Two different base years

C. Price index and cost of living index

D. Time series and cross-sectional data

Answer: Option A

Solution (By JKSSB Mock Tests)

It requires Price index × Quantity index = Value index.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

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Which mean is the largest for a set of positive numbers?

A. Geometric mean

B. Arithmetic mean

C. Harmonic mean

D. All are equal

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Correct Answer: Option B

Explanation:
For positive numbers, AM ≥ GM ≥ HM.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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For a dataset with values 2, 4, 8, 16, 32, the geometric mean is:

A. 12

B. 8

C. 10

D. 6

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Correct Answer: Option B

Explanation:
Product = 32768. (32768)^(1/5) = 8 (since 8^5 = 32768).

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The main advantage of using a schedule over a questionnaire is:

A. Higher response rate and accuracy through personal interview

B. Anonymity

C. Faster coverage

D. Lower cost

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Correct Answer: Option A

Explanation:
The enumerator can clarify doubts and motivate response, leading to better data quality.

This question belongs to: Accountancy and Statistics Statistics

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