The Wholesale Price Index (WPI) in India covers how many major groups? MCQ with Answer and Explanation

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The Wholesale Price Index (WPI) in India covers how many major groups?

A. 2

B. 3

C. 5

D. 4

Answer: Option B

Solution (By JKSSB Mock Tests)

WPI comprises Primary Articles, Fuel & Power, and Manufactured Products.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

General Fertility Rate (GFR) is the number of live births per:

A. 1000 women of reproductive age (15-49)

B. 1000 married women

C. 1000 total population

D. 1000 live births

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Correct Answer: Option A

Explanation:
GFR = (Live births / Women aged 15-49) × 1000, focusing on the population at risk.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The population policy of India emphasizes:

A. Increasing mortality

B. Delayed marriage and child spacing

C. Promoting migration

D. Decreasing female education

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Correct Answer: Option B

Explanation:
National Population Policy promotes family planning, delayed marriage, and spacing.

This question belongs to: Accountancy and Statistics Statistics

Question #3

In probability, if P(A) = 0, then A is:

A. Both B and C are correct

B. An impossible event

C. Independent of any other event

D. A sure event

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Correct Answer: Option A

Explanation:
An impossible event has probability 0, and it is independent of any event because P(A∩B)=0 = P(A)P(B).

This question belongs to: Accountancy and Statistics Statistics

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