The wholesale price index in India is a: MCQ with Answer and Explanation

The wholesale price index in India is a:
A. Index of industrial production
B. Cost of living index
C. Price index for goods traded at the wholesale level
D. Consumer price index
Answer: Option C
Solution (By JKSSB Mock Tests)
WPI measures wholesale price movements of goods.

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Practice More Statistics Questions

Question #1
A fixed base index uses:
A. A single, constant base period for all comparisons
B. A different base period for each time point
C. The immediately preceding period as the base for each calculation
D. Geometric mean of multiple base periods

Correct Answer: Option A


Explanation:
Fixed base index selects one period as the base (index=100) and expresses all other periods relative to it, enabling consistent long-term trend analysis without base drift.

This question belongs to: Accountancy and Statistics Statistics
Question #2
Which of the following is a direct source of demographic data in India?
A. Economic Survey
B. Annual Report of RBI
C. National Sample Survey (NSS)
D. Census of India

Correct Answer: Option D


Explanation:
Census is the primary source of demographic data; NSS also provides demographic data but census is the most direct comprehensive source.

This question belongs to: Accountancy and Statistics Statistics
Question #3
If Population X has a higher CDR than Population Y, but a lower SDR, this suggests:
A. Population X has an older age structure
B. Population Y has higher fertility
C. Population X has better healthcare
D. Data for Population X is inaccurate

Correct Answer: Option A


Explanation:
A higher crude death rate but lower standardized rate indicates that Population X's apparent higher mortality is due to a larger proportion of elderly people (who have higher death rates), not worse age-specific mortality.

This question belongs to: Accountancy and Statistics Statistics