The Paasche quantity index formula is: MCQ with Answer and Explanation

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The Paasche quantity index formula is:

A. Σp₀q₁ / Σp₀q₀ × 100

B. Σp₁q₁ / Σp₁q₀ × 100

C. Σp₀q₁ / Σp₁q₁ × 100

D. Σp₁q₁ / Σp₀q₁ × 100

Answer: Option B

Solution (By JKSSB Mock Tests)

Paasche quantity index uses current period prices as weights.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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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, 2 and 3

B. 1 and 3 only

C. 2 and 3 only

D. 1 and 2 only

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Correct Answer: Option A

Explanation:
All three definitions are correct.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Which of the following is a measure of fertility?

A. Standardized Death Rate

B. Maternal Mortality Ratio

C. Total Fertility Rate

D. Infant Mortality Rate

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Correct Answer: Option C

Explanation:
Total Fertility Rate (TFR) measures the average number of children a woman would bear; it's a fertility measure.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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If P(A) = 0.4, P(B) = 0.5, and P(A ∩ B) = 0.2, then P(A|B) is:

A. 0.5

B. 0.4

C. 0.2

D. 0.8

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Correct Answer: Option B

Explanation:
Conditional probability P(A|B) = P(A ∩ B) / P(B) = 0.2 / 0.5 = 0.4. This represents the probability of A occurring given that B has already occurred.

This question belongs to: Accountancy and Statistics Statistics

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