Which of the following is NOT a feature of the Wholesale Price Index (WPI) in India? MCQ with Answer and Explanation

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Which of the following is NOT a feature of the Wholesale Price Index (WPI) in India?

A. It is compiled by the Office of Economic Adviser.

B. It includes services like transport and healthcare.

C. It covers only goods.

D. The current base year is 2011-12.

Answer: Option B

Solution (By JKSSB Mock Tests)

WPI excludes services; it covers only goods.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

If a coin is tossed 3 times, probability of exactly 2 heads is:

A. 5/8

B. 1/2

C. 1/4

D. 3/8

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Correct Answer: Option D

Explanation:
Favorable: HHT, HTH, THH → 3 out of 8.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which of the following is true about WPI and CPI in India?

A. Both cover goods and services.

B. CPI covers only goods, WPI covers goods and services.

C. WPI covers only goods, CPI covers goods and services.

D. Both cover only goods.

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Correct Answer: Option C

Explanation:
WPI is limited to goods; CPI includes both goods and services.

This question belongs to: Accountancy and Statistics Statistics

Question #3

If a student’s speed is 60 km/h for half the distance and 40 km/h for the other half, the average speed is:

A. 45 km/h

B. 48 km/h

C. 50 km/h

D. 52 km/h

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Correct Answer: Option B

Explanation:
Harmonic mean of 60 and 40 = 2/(1/60 + 1/40) = 48 km/h.

This question belongs to: Accountancy and Statistics Statistics

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