WPI covers: MCQ with Answer and Explanation

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WPI covers:

A. Services

B. All goods and services

C. Only agricultural goods

D. Goods only (primary, fuel, manufactured)

Answer: Option D

Solution (By JKSSB Mock Tests)

WPI tracks price movements of goods at the wholesale level, excluding services.

This question belongs to: Accountancy and Statistics Statistics

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Question #1

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The median of 2, 2, 3, 4, 5, 5, 5, 6 is:

A. 5.5

B. 4

C. 4.5

D. 5

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Correct Answer: Option C

Explanation:
Ordered data, n=8, median = average of 4th and 5th = (4+5)/2=4.5.

This question belongs to: Accountancy and Statistics Statistics

Question #2

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Net Reproduction Rate (NRR) incorporates which additional factor compared to GRR?

A. Economic development index

B. Male fertility

C. Migration rates

D. Female mortality before reproductive age

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Correct Answer: Option D

Explanation:
NRR adjusts GRR by multiplying age-specific fertility rates by the probability of surviving to each age, accounting for female deaths before childbearing years to assess true generational replacement.

This question belongs to: Accountancy and Statistics Statistics

Question #3

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Two dice are rolled. The probability of getting a doublet (same number on both) is:

A. 1/36

B. 5/36

C. 1/12

D. 1/6

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Correct Answer: Option D

Explanation:
Doublets: (1,1),(2,2),...,(6,6) = 6 out of 36 = 1/6.

This question belongs to: Accountancy and Statistics Statistics

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