The Laspeyres index formula is: MCQ with Answer and Explanation

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The Laspeyres index formula is:

A. Σp₁q₁ / Σp₀q₁ × 100

B. √( Σp₁q₀/Σp₀q₀ × Σp₁q₁/Σp₀q₁ ) × 100

C. Σp₁q₁ / Σp₀q₀ × 100

D. Σp₁q₀ / Σp₀q₀ × 100

Answer: Option D

Solution (By JKSSB Mock Tests)

Laspeyres uses base period weights.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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Age-Specific Fertility Rate (ASFR) is highest typically in which age group in India?

A. 20-24

B. 40-44

C. 35-39

D. 15-19

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Correct Answer: Option A

Explanation:
Fertility peaks in the 20-24 or 25-29 age group in most Indian states.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Bayes' theorem is primarily used to compute:

A. Joint probability

B. Posterior probability

C. Prior probability

D. Marginal probability

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Correct Answer: Option B

Explanation:
Bayes' theorem updates prior beliefs with new evidence to yield posterior probabilities.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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The CPI-IW base year 2016 is compiled by:

A. NSO

B. CSO

C. RBI

D. Labour Bureau

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Correct Answer: Option D

Explanation:
Labour Bureau compiles CPI-IW.

This question belongs to: Accountancy and Statistics Statistics

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