The time reversal test checks whether an index number yields consistent results when: MCQ with Answer and Explanation

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The time reversal test checks whether an index number yields consistent results when:

A. The formula is applied to different data

B. The base and current periods are reversed

C. Weights are changed

D. Units are changed

Answer: Option B

Solution (By JKSSB Mock Tests)

The product of the forward and backward indices should be 1.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

The sex ratio at birth biologically is approximately:

A. 95 males per 100 females

B. 100 males per 100 females

C. 110 males per 100 females

D. 105 males per 100 females

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Correct Answer: Option D

Explanation:
Naturally, around 105 male births occur for every 100 female births.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which formula uses the arithmetic mean of base and current year quantities as weights?

A. Dorbish-Bowley

B. Marshall-Edgeworth

C. Laspeyres

D. Paasche

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Correct Answer: Option B

Explanation:
Marshall-Edgeworth uses the sum (or arithmetic average) of quantities from both years: w = (q0 + q1).

This question belongs to: Accountancy and Statistics Statistics

Question #3

If a questionnaire has a question: 'Don't you think the government should increase spending on education and health?' This is an example of:

A. Filter question

B. Leading question

C. Double-barreled question

D. Open-ended question

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Correct Answer: Option C

Explanation:
It asks about two issues (education and health) simultaneously, and also has a leading tone, but primarily double-barreled because it combines two spending areas.

This question belongs to: Accountancy and Statistics Statistics

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