The WPI base year 2011-12 replaced which previous base year? MCQ with Answer and Explanation

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The WPI base year 2011-12 replaced which previous base year?

A. 2010

B. 1993-94

C. 2004-05

D. 2000-01

Answer: Option C

Solution (By JKSSB Mock Tests)

The previous WPI series had base 2004-05.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Life expectancy at birth is a summary measure of:

A. Mortality

B. Fertility

C. Migration

D. Nuptiality

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Correct Answer: Option A

Explanation:
Life expectancy is derived from age-specific mortality rates and reflects overall mortality conditions.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which measure of central tendency can be used for both quantitative and qualitative (nominal) data?

A. Median

B. Arithmetic mean

C. Geometric mean

D. Mode

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Correct Answer: Option D

Explanation:
The mode identifies the most frequent category and can be applied to nominal qualitative data (e.g., favorite color), whereas mean and median require at least ordinal or numerical data.

This question belongs to: Accountancy and Statistics Statistics

Question #3

The weighted mean is used when:

A. Data are qualitative

B. All items have the same importance

C. Data are symmetric

D. Different items have different degrees of importance

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Correct Answer: Option D

Explanation:
Weights reflect relative importance of each item.

This question belongs to: Accountancy and Statistics Statistics

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