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

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The Paasche quantity index formula is:

A. Σp₀q₁ / Σp₁q₁ × 100

B. Σp₀q₁ / Σp₀q₀ × 100

C. Σp₁q₁ / Σp₁q₀ × 100

D. Σp₁q₁ / Σp₀q₁ × 100

Answer: Option C

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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Practice More Statistics Questions

Question #1

The Wholesale Price Index (WPI) in India is compiled by:

A. Office of Economic Adviser, DPIIT

B. NSSO

C. RBI

D. CSO

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Correct Answer: Option A

Explanation:
The Office of the Economic Adviser in the Department for Promotion of Industry and Internal Trade (DPIIT) compiles WPI.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The total fertility rate in India is currently around replacement level (2.1). Which state has the highest TFR?

A. Tamil Nadu

B. Bihar

C. West Bengal

D. Kerala

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Correct Answer: Option B

Explanation:
Bihar has one of the highest TFRs (around 3.0).

This question belongs to: Accountancy and Statistics Statistics

Question #3

Life expectancy at birth is an indicator of:

A. Mortality conditions

B. Economic growth

C. Fertility

D. Migration

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Correct Answer: Option A

Explanation:
Life expectancy summarizes the mortality pattern of a population.

This question belongs to: Accountancy and Statistics Statistics

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