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. 2004-05

B. 1993-94

C. 2010

D. 2000-01

Answer: Option A

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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Question #1

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Classification of data on the basis of attributes like gender or color is called:

A. Quantitative classification

B. Chronological classification

C. Geographical classification

D. Qualitative classification

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Correct Answer: Option D

Explanation:
When data are grouped by descriptive characteristics (attributes), it is qualitative classification.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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If TFR = 3.0 and the proportion of female births is 0.49, GRR is:

A. 3.0

B. 1.53

C. 1.47

D. 0.49

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Correct Answer: Option C

Explanation:
GRR = TFR × (female birth proportion) = 3.0 × 0.49 = 1.47 daughters per woman.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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If Laspeyres index = 125 and Paasche index = 120, Fisher's index is approximately:

A. 122.5

B. 121.0

C. 122.47

D. 123.0

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Correct Answer: Option C

Explanation:
Fisher = √(125 × 120) = √15000 ≈ 122.474.

This question belongs to: Accountancy and Statistics Statistics

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