The index number that uses the geometric mean of price relatives with base year value weights is: MCQ with Answer and Explanation

The index number that uses the geometric mean of price relatives with base year value weights is:
A. Marshall-Edgeworth index
B. Fisher index
C. Walsh index
D. Theil-Tornqvist index
Answer: Option D
Solution (By JKSSB Mock Tests)
Theil-Tornqvist index uses base and current value shares as weights for geometric mean of price relatives.

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Practice More Statistics Questions

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The term 'demographic dividend' refers to:
A. Decrease in death rate
B. Increase in birth rate
C. High immigration
D. Increase in working-age population relative to dependents

Correct Answer: Option D


Explanation:
Demographic dividend is the economic growth potential when the share of the working-age population is larger than the non-working-age share.

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For two attributes, the number of ultimate class frequencies is:
A. 9
B. 8
C. 2
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Correct Answer: Option D


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Question #3
Classification of data based on characteristics like literacy, religion, or occupation is known as:
A. Qualitative classification
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C. Geographical classification
D. Quantitative classification

Correct Answer: Option A


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Qualitative classification groups data according to attributes or characteristics that cannot be measured numerically, such as literacy status, religion, or occupation type.

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