The Fisher index is also known as: MCQ with Answer and Explanation

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The Fisher index is also known as:

A. Ideal index

B. Simple index

C. Cost index

D. Chain index

Answer: Option A

Solution (By JKSSB Mock Tests)

Fisher termed his index 'ideal' because it satisfies time reversal and factor reversal tests.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Demography is the study of:

A. Weather patterns

B. Animal behavior

C. Economic systems

D. Human population

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Correct Answer: Option D

Explanation:
Demography deals with human populations — size, composition, and distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #2

If A and B are independent events with P(A)=0.5, P(B)=0.4, P(A∪B) is:

A. 0.7

B. 0.5

C. 0.2

D. 0.9

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Correct Answer: Option A

Explanation:
P(A∪B) = 0.5 + 0.4 - (0.5×0.4) = 0.9 - 0.2 = 0.7.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The sex ratio in India (Census 2011) is defined as:

A. Number of females per 1000 males

B. Number of females per 1000 population

C. Number of males per 1000 population

D. Number of males per 1000 females

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Correct Answer: Option A

Explanation:
Sex ratio is females per 1000 males; in 2011 it was 943.

This question belongs to: Accountancy and Statistics Statistics

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