The time reversal test is satisfied by: MCQ with Answer and Explanation

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The time reversal test is satisfied by:

A. Simple aggregative index

B. Laspeyres index

C. Fisher index

D. Paasche index

Answer: Option C

Solution (By JKSSB Mock Tests)

Fisher is the only one among these that satisfies time reversal test.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

In the chain base method, each link relative is:

A. Average of two periods

B. Base period price / current period price

C. Current period price / immediately preceding period price

D. Current period price / fixed base period price

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Correct Answer: Option C

Explanation:
Link relatives compare each period with the previous period.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which of the following pairs are mutually exclusive?

A. Getting a 4 and an even number on a die

B. Getting a head and a tail in a single coin toss

C. Getting an even number and a prime number on a die

D. Drawing a heart and a queen from a deck

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Correct Answer: Option B

Explanation:
Head and tail cannot occur simultaneously in one toss.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The data collected from a sample is:

A. Vital registration

B. Complete enumeration

C. Sample survey data

D. Census

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Correct Answer: Option C

Explanation:
Sample survey collects data from a subset of the population.

This question belongs to: Accountancy and Statistics Statistics

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