Statistics MCQs

Accountancy and Statistics

Statistics MCQs

Practice complete Statistics MCQs covering Primary & Secondary Data, Data Collection Methods, Questionnaire, Tabulation & Compilation of Data, Measures of Central Tendency, Probability, Theory of Attributes, Index Numbers, Demography, Census, Vital Statistics, Fertility Measures, and all other important topics. Includes chapter-wise and exam-oriented multiple choice questions with detailed answers and explanations for JKSSB, SSC, Banking, UPSC, CUET, University, and other competitive exams.

1318
Total Questions

Practice Questions

Page 36 of 66
Question #701
If Q = 1, the association between attributes is:
A. Perfect positive
B. Zero association
C. Perfect negative
D. Independent
Discuss
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Correct Answer: Option A

Explanation:
Q = 1 means ad = bc? Actually Q=1 when bc=0, i.e., perfect positive association.
This question belongs to: Accountancy and Statistics Statistics
Question #702
An index number measures changes in a variable relative to a:
A. Future value
B. Average value
C. Current value
D. Base period value
Discuss
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Correct Answer: Option D

Explanation:
Index numbers compare the current level to the base period level, usually expressed as percentage.
This question belongs to: Accountancy and Statistics Statistics
Question #703
The simple aggregative price index is:
A. Σp₁ / Σp₀ × 100
B. √(L×P) × 100
C. Σp₁q₀ / Σp₀q₀ × 100
D. Σp₁q₁ / Σp₀q₁ × 100
Discuss
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Correct Answer: Option A

Explanation:
Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.
This question belongs to: Accountancy and Statistics Statistics
Question #704
Laspeyres price index uses quantities of:
A. None of the above
B. Both periods equally
C. Current period as weights
D. Base period as weights
Discuss
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Correct Answer: Option D

Explanation:
Laspeyres = Σp₁q₀ / Σp₀q₀ × 100, using base quantities.
This question belongs to: Accountancy and Statistics Statistics
Question #705
Paasche price index is represented by:
A. Σp₁q₁ / Σp₀q₀ × 100
B. Σp₁q₀ / Σp₀q₀ × 100
C. Σp₁q₁ / Σp₀q₁ × 100
D. Σp₁q₀ / Σp₀q₁ × 100
Discuss
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Correct Answer: Option C

Explanation:
Paasche uses current period quantities: Σp₁q₁ / Σp₀q₁ × 100.
This question belongs to: Accountancy and Statistics Statistics
Question #706
Fisher's ideal index is the geometric mean of:
A. Time reversal and factor reversal
B. Laspeyres and Paasche indices
C. WPI and CPI
D. Simple aggregative and weighted average
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Correct Answer: Option B

Explanation:
Fisher = √(Laspeyres × Paasche).
This question belongs to: Accountancy and Statistics Statistics
Question #707
Which of the following tests is satisfied by Fisher's ideal index?
A. Time reversal test
B. Circular test
C. Both time reversal and factor reversal tests
D. Factor reversal test
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Correct Answer: Option C

Explanation:
Fisher index satisfies both time reversal and factor reversal tests.
This question belongs to: Accountancy and Statistics Statistics
Question #708
Which index is generally used to measure inflation at the wholesale level in India?
A. GDP deflator
B. WPI
C. Sensex
D. CPI
Discuss
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Correct Answer: Option B

Explanation:
Wholesale Price Index (WPI) measures changes in prices at the wholesale level.
This question belongs to: Accountancy and Statistics Statistics
Question #709
Consumer Price Index measures changes in:
A. Retail prices of a fixed basket of goods and services
B. Stock prices
C. Wholesale prices
D. Industrial production
Discuss
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Correct Answer: Option A

Explanation:
CPI tracks retail prices of goods and services consumed by households.
This question belongs to: Accountancy and Statistics Statistics
Question #710
The base year of the current Consumer Price Index (CPI) in India is:
A. 2010
B. 2011-12
C. 2012
D. 2016
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Correct Answer: Option C

Explanation:
The new series of CPI (Rural, Urban, Combined) has base year 2012.
This question belongs to: Accountancy and Statistics Statistics
Question #711
The cost of living index is primarily used for:
A. Measuring agricultural output
B. Computing GDP
C. Forecasting exports
D. Adjusting salaries and wages
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Correct Answer: Option D

Explanation:
It measures changes in the cost of living, used to adjust dearness allowance and wages.
This question belongs to: Accountancy and Statistics Statistics
Question #712
Demography is the study of:
A. Weather patterns
B. Animal behavior
C. Economic systems
D. Human population
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Correct Answer: Option D

Explanation:
Demography deals with human populations — size, composition, and distribution.
This question belongs to: Accountancy and Statistics Statistics
Question #713
The census in India is conducted every:
A. 7 years
B. 12 years
C. 10 years
D. 5 years
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Correct Answer: Option C

Explanation:
India’s decennial census occurs every 10 years.
This question belongs to: Accountancy and Statistics Statistics
Question #714
According to Census 2011, the population density of India is:
A. 500 persons/sq km
B. 325 persons/sq km
C. 382 persons/sq km
D. 425 persons/sq km
Discuss
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Correct Answer: Option C

Explanation:
The density was 382 persons per square kilometer in 2011.
This question belongs to: Accountancy and Statistics Statistics
Question #715
The sex ratio of India according to Census 2011 is:
A. 940
B. 943
C. 933
D. 925
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Correct Answer: Option B

Explanation:
Sex ratio was 943 females per 1000 males.
This question belongs to: Accountancy and Statistics Statistics
Question #716
Vital statistics mainly record:
A. Births, deaths, and marriages
B. Educational data
C. Industrial output
D. Crop production
Discuss
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Correct Answer: Option A

Explanation:
Vital events include births, deaths, marriages, divorces.
This question belongs to: Accountancy and Statistics Statistics
Question #717
Crude Birth Rate (CBR) is the number of live births per:
A. 1000 women
B. 1000 population
C. 1000 live births
D. 100 population
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Correct Answer: Option B

Explanation:
CBR = (Live births / Mid-year total population) × 1000.
This question belongs to: Accountancy and Statistics Statistics
Question #718
General Fertility Rate (GFR) uses denominator as:
A. Total male population
B. Women aged 15-49
C. Total population
D. Married women only
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Correct Answer: Option B

Explanation:
GFR relates births to the female population of reproductive age.
This question belongs to: Accountancy and Statistics Statistics
Question #719
Total Fertility Rate (TFR) is obtained by summing age-specific fertility rates and multiplying by:
A. 5 if 5-year age groups are used
B. 10
C. 1000
D. 1
Discuss
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Correct Answer: Option A

Explanation:
Because each ASFR is per 1000 women for a 5-year span, the sum is multiplied by 5 to give children per woman.
This question belongs to: Accountancy and Statistics Statistics
Question #720
Gross Reproduction Rate (GRR) is the average number of:
A. Children per woman
B. Sons per woman
C. Live births per 1000 women
D. Daughters per woman
Discuss
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Correct Answer: Option D

Explanation:
GRR considers only female births and ignores mortality.
This question belongs to: Accountancy and Statistics Statistics

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