WPI basket does not include: MCQ with Answer and Explanation

Question

Share Report Error

WPI basket does not include:

A. Primary articles

B. Fuel and power

C. Manufactured products

D. Services

Answer: Option D

Solution (By JKSSB Mock Tests)

WPI covers goods only; services are excluded.

This question belongs to: Accountancy and Statistics Statistics

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1

Share Report

A bag contains 3 red and 2 blue balls. Two balls are drawn at random without replacement. The probability that both are red is:

A. 3/5

B. 3/10

C. 9/25

D. 1/2

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option B

Explanation:
P(both red) = (3/5) × (2/4) = 6/20 = 3/10. Without replacement, the probability changes after the first draw, requiring multiplication of conditional probabilities.

This question belongs to: Accountancy and Statistics Statistics

Question #2

Share Report

Which of the following is true about the median?

A. It is always greater than the mean.

B. It is affected by extreme values.

C. It can be computed for ordinal data.

D. It is based on all observations.

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Median requires only ranking, so it is suitable for ordinal data.

This question belongs to: Accountancy and Statistics Statistics

Question #3

Share Report

Which of the following is a merit of secondary data?

A. High accuracy

B. Originality

C. Saves time and cost

D. Specific to research objectives

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Secondary data is already available, saving the time and expense of collection.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs