Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates and multiplying by: MCQ with Answer and Explanation

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Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates and multiplying by:

A. 1000

B. 1

C. 5 if 5-year age groups are used

D. 10

Answer: Option C

Solution (By JKSSB Mock Tests)

Because each ASFR is per 1000 women for a 5-year span, the sum is multiplied by 5 to give children per woman.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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If the price index rises from 100 to 120, the purchasing power of money:

A. Increases by 20%

B. Remains unchanged

C. Decreases by 16.67%

D. Decreases by 20%

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Correct Answer: Option C

Explanation:
Purchasing power = 1/price index. Old: 1/100=0.01, new: 1/120≈0.00833, decline = (0.01-0.00833)/0.01 = 0.1667 or 16.67%.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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The factor reversal test is satisfied by:

A. Fisher index

B. Marshall-Edgeworth index

C. Laspeyres index

D. Paasche index

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Correct Answer: Option A

Explanation:
Only Fisher's ideal index satisfies both the time reversal and factor reversal tests.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Which of the following is not a measure of central tendency?

A. Median

B. Mean

C. Range

D. Mode

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Correct Answer: Option C

Explanation:
Range is a measure of dispersion, not central tendency.

This question belongs to: Accountancy and Statistics Statistics

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