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

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The time reversal test is satisfied by:

A. Paasche index

B. Laspeyres index

C. Fisher index

D. Simple aggregative 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

The condition (A) ≥ (AB) is necessary for:

A. Zero association

B. Negative association

C. Independence

D. Consistency of data

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Correct Answer: Option D

Explanation:
Consistency requires that marginal frequencies are not less than the joint frequencies.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The geometric mean is undefined if the data contains:

A. Only fractions

B. Values greater than 1

C. Positive numbers only

D. Negative numbers and zero

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Correct Answer: Option D

Explanation:
GM is defined only for positive numbers; zero or negative values are not allowed.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The Fisher index is also known as:

A. Chain index

B. Cost index

C. Simple index

D. Ideal index

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Correct Answer: Option D

Explanation:
Fisher termed his index 'ideal' because it satisfies time reversal and factor reversal tests.

This question belongs to: Accountancy and Statistics Statistics

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