Which index number formula uses the unweighted geometric mean of price relatives? MCQ with Answer and Explanation

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Which index number formula uses the unweighted geometric mean of price relatives?

A. Paasche

B. Jevons

C. Fisher

D. Laspeyres

Answer: Option B

Solution (By JKSSB Mock Tests)

The Jevons index is the geometric mean of the price relatives, giving equal weight to each item.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Life expectancy at birth is denoted in a life table by:

A. q_0

B. e°_0

C. T_0

D. l_0

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Correct Answer: Option B

Explanation:
e°_x represents complete expectation of life at age x. At birth (age 0), it is e°_0.

This question belongs to: Accountancy and Statistics Statistics

Question #2

The consistency condition (A) ≥ (AB) is:

A. Both A and C

B. Sometimes false

C. Always true

D. A necessary condition for data consistency

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Correct Answer: Option A

Explanation:
It is always logically true that the number possessing A cannot be less than those possessing both A and B, and it is required for consistency.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If a dataset has two most frequently occurring values, it is called:

A. Amodal

B. Multimodal

C. Unimodal

D. Bimodal

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Correct Answer: Option D

Explanation:
A bimodal distribution has two distinct peaks, representing two modes.

This question belongs to: Accountancy and Statistics Statistics

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