The formula for a simple aggregative price index is: MCQ with Answer and Explanation

Question

Share Report Error

The formula for a simple aggregative price index is:

A. √(L×P) × 100

B. (Σp₁q₁ / Σp₀q₁) × 100

C. (Σp₁ / Σp₀) × 100

D. (Σp₁q₀ / Σp₀q₀) × 100

Answer: Option C

Solution (By JKSSB Mock Tests)

Simple aggregative index sums prices without weights.

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

Maternal Mortality Ratio (MMR) is defined as:

A. Maternal deaths per 100,000 live births

B. Maternal deaths per 10,000 total population

C. Maternal deaths per 1,000 pregnancies

D. Maternal deaths per 1,000 women of reproductive age

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
MMR = (Number of maternal deaths due to pregnancy-related causes / Number of live births) × 100,000. This ratio focuses on the risk per childbirth event, standardizing for comparison across populations.

This question belongs to: Accountancy and Statistics Statistics

Question #2

To compare the health conditions of two populations with entirely different age compositions, the most suitable mortality measure is the:

A. Standardized Death Rate

B. Specific Death Rate

C. Crude Death Rate

D. Infant Mortality Rate

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Standardized Death Rates adjust for age distribution differences, allowing for a fair comparison of mortality between different populations.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In probability, if P(A) = 0, then event A is:

A. Certain

B. Independent of all events

C. Impossible

D. Mutually exclusive with all events

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
An event with probability zero cannot occur under the given probability model, defining it as impossible (though in continuous distributions, point events have P=0 but are not impossible).

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs