The Laspeyres index formula is: MCQ with Answer and Explanation

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The Laspeyres index formula is:

A. Σp₁q₁ / Σp₀q₀ × 100

B. Σp₁q₀ / Σp₀q₀ × 100

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

D. Σp₁q₁ / Σp₀q₁ × 100

Answer: Option B

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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For a moderately asymmetrical distribution, the empirical relationship between Mean, Median, and Mode is:

A. Mode = 3 Median - 2 Mean

B. Median = 3 Mean - 2 Mode

C. Mean = 3 Median - 2 Mode

D. Mode = 2 Median - 3 Mean

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Correct Answer: Option A

Explanation:
Karl Pearson's empirical relationship holds for moderately skewed distributions: Mode = 3(Median) - 2(Mean).

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Question #2

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A questionnaire that allows the respondent to write answers in his own words contains:

A. Multiple choice questions

B. Closed-ended questions

C. Ranking questions

D. Open-ended questions

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Correct Answer: Option D

Explanation:
Open-ended questions allow free expression without predefined options.

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Question #3

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Consider the following pairs: (1) CBR - Per 1000 population, (2) GFR - Per 1000 women aged 15-49, (3) IMR - Per 1000 live births. Which pair is correctly matched?

A. 1 and 3 only

B. 1 and 2 only

C. 2 and 3 only

D. 1, 2 and 3

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Correct Answer: Option D

Explanation:
All three definitions are correct.

This question belongs to: Accountancy and Statistics Statistics

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