Consumer Price Index measures changes in: MCQ with Answer and Explanation

Consumer Price Index measures changes in:
A. Retail prices of a fixed basket of goods and services
B. Industrial production
C. Wholesale prices
D. Stock prices
Answer: Option A
Solution (By JKExamLibrary)
CPI tracks retail prices of goods and services consumed by households.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Which of the following is NOT a fundamental feature of a national Census?
A. Universality within a defined territory
B. Individual enumeration
C. Simultaneity
D. Sampling subset estimation

Correct Answer: Option D


Explanation:
A census aims for complete enumeration (100% count), whereas sampling involves estimating based on a subset.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
General Fertility Rate (GFR) relates live births to the number of women aged:
A. 20-40 years
B. Above 50 years
C. 15-49 years
D. All ages

Correct Answer: Option C


Explanation:
GFR uses the female population in the reproductive age group 15-49 as denominator.

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Question #3 Report Error
The population growth rate in India (2001-2011) declined primarily due to:
A. Decrease in birth rate
B. High emigration
C. Increase in death rate
D. Decrease in life expectancy

Correct Answer: Option A


Explanation:
Declining fertility rates led to a slower population growth.

This question belongs to: Accountancy and Statistics Statistics