Consider the following: 1. CPI-IW is compiled by Labour Bureau. 2. CPI-Rural, Urban, Combined base year is 2012. 3. CPI basket includes both goods and services. Which of the above is/are correct? MCQ with Answer and Explanation

Consider the following: 1. CPI-IW is compiled by Labour Bureau. 2. CPI-Rural, Urban, Combined base year is 2012. 3. CPI basket includes both goods and services. Which of the above is/are correct?
A. 1 and 2 only
B. 1 and 3 only
C. 2 and 3 only
D. 1, 2 and 3
Answer: Option D
Solution (By JKExamLibrary)
All three statements are factually correct.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
A box contains 4 white and 6 black balls. A ball is drawn and not replaced. Then another ball is drawn. The probability that both are white is:
A. 6/90
B. 12/90
C. 1/6
D. 2/15

Correct Answer: Option D


Explanation:
(4/10)×(3/9)=12/90=2/15.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Which of the following is a demographic characteristic?
A. Income
B. Education
C. Age
D. Occupation

Correct Answer: Option C


Explanation:
Age, sex, marital status are core demographic characteristics.

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Question #3 Report Error
A bag contains 3 red, 5 black balls. Two balls are drawn at random. The probability that they are of different colors is:
A. 1/2
B. 3/8
C. 15/28
D. 15/56

Correct Answer: Option C


Explanation:
Total ways C(8,2)=28. 1 red 1 black = 3×5=15. Probability=15/28.

This question belongs to: Accountancy and Statistics Statistics