Assertion (A): The probability of an impossible event is zero. Reason (R): The sample space of an impossible event contains all outcomes. MCQ with Answer and Explanation
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Question #1
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Gross Reproduction Rate (GRR) considers births of:
Correct Answer: Option B
Explanation:
GRR is the average number of daughters a woman would bear, ignoring mortality.
GRR is the average number of daughters a woman would bear, ignoring mortality.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Consumer Price Index for Industrial Workers (CPI-IW) in India is primarily used for:
Correct Answer: Option A
Explanation:
CPI-IW tracks price changes for a basket consumed by industrial workers and is the key index used by the Indian government to adjust dearness allowance (DA) for central government employees and pensioners.
CPI-IW tracks price changes for a basket consumed by industrial workers and is the key index used by the Indian government to adjust dearness allowance (DA) for central government employees and pensioners.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Laspeyres price index uses which quantity weights?
Correct Answer: Option A
Explanation:
Laspeyres index = Σ(p₁q₀)/Σ(p₀q₀) × 100, using base period quantities (q₀) as weights, which may overstate inflation if consumers substitute away from goods with rising prices.
Laspeyres index = Σ(p₁q₀)/Σ(p₀q₀) × 100, using base period quantities (q₀) as weights, which may overstate inflation if consumers substitute away from goods with rising prices.
This question belongs to:
Accountancy and Statistics
Statistics
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