Chain base index numbers are particularly useful for analyzing: MCQ with Answer and Explanation

Chain base index numbers are particularly useful for analyzing:
A. International comparisons
B. Long-term structural changes
C. Base year selection
D. Short-term period-to-period fluctuations
Answer: Option D
Solution (By JKExamLibrary)
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.

This question belongs to: Accountancy and Statistics Statistics

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Which coefficient is commonly used to measure the association of attributes?
A. Spearman's rank coefficient
B. Fisher's coefficient
C. Yule's coefficient of association
D. Karl Pearson's coefficient

Correct Answer: Option C


Explanation:
Yule's coefficient (Q) specifically measures the intensity of association between two dichotomous qualitative attributes.

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Question #2 Report Error
The complement of the event 'at least one head' in two coin tosses is:
A. No heads (both tails)
B. At least one tail
C. Exactly one head
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Correct Answer: Option A


Explanation:
Complement of 'at least one head' is 'no heads'.

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Which of the following is a primary principle of good questionnaire design?
A. It should contain mostly open-ended complex questions
B. Questions should be leading the respondent
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Correct Answer: Option D


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A logical flow prevents respondent confusion and ensures consistent and reliable data collection.

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