Which of the following is NOT an application of the Consumer Price Index (CPI)? MCQ with Answer and Explanation

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Which of the following is NOT an application of the Consumer Price Index (CPI)?

A. Deflating income to find real income

B. Wage negotiations and determining Dearness Allowance

C. Measuring macroeconomic industrial output

D. Measuring inflation for households

Answer: Option C

Solution (By JKSSB Mock Tests)

Industrial output is measured by the Index of Industrial Production (IIP). CPI measures the retail price impact on consumers.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1

Maternal Mortality Ratio (MMR) is expressed as deaths per:

A. 10,000 live births

B. 100,000 women

C. 1000 live births

D. 100,000 live births

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Correct Answer: Option D

Explanation:
MMR = (Maternal deaths / Live births) × 100,000.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Which of the following is a potential limitation of secondary data?

A. It is always outdated

B. It may not align perfectly with the current research objectives

C. It cannot be used for statistical analysis

D. It requires ethical clearance for every use

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Correct Answer: Option B

Explanation:
Secondary data was collected for a different purpose, so it may lack relevance, specificity, or compatibility with the current study's requirements, necessitating careful evaluation.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Population growth rate is calculated as:

A. (Births + Immigration - Deaths - Emigration) / Mid-year population × 100

B. (Births - Deaths) / Mid-year population × 100

C. Crude Birth Rate - Crude Death Rate

D. Both B and C are correct

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Correct Answer: Option D

Explanation:
Natural growth rate = CBR - CDR (per 1,000); overall growth rate includes net migration. Both formulations are used, with B being comprehensive and C focusing on natural increase.

This question belongs to: Accountancy and Statistics Statistics

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