Cost of Living Index is essentially the same as: MCQ with Answer and Explanation

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Cost of Living Index is essentially the same as:

A. Index of Industrial Production

B. Consumer Price Index

C. Wholesale Price Index

D. Sensex

Answer: Option B

Solution (By JKExamLibrary)

Cost of Living Index measures changes in retail prices, i.e., CPI.

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 a direct measure of fertility?

A. All of the above

B. Child-Woman ratio

C. Total fertility rate

D. Crude birth rate

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Correct Answer: Option A

Explanation:
All are measures of fertility, though TFR is more refined.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

If Yule's coefficient of association (Q) is +1, the attributes are:

A. Independent

B. Inconsistent

C. Completely positively associated

D. Completely dissociated

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Correct Answer: Option C

Explanation:
Q = +1 indicates perfect or complete positive association, where the presence of one attribute implies the other.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Gross Reproduction Rate (GRR) assumes that female mortality before the end of the childbearing age is:

A. 100%

B. Increasing

C. Zero

D. Equal to male mortality

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Correct Answer: Option C

Explanation:
GRR ignores mortality, assuming all women survive to the end of their reproductive lifespan (usually age 49).

This question belongs to: Accountancy and Statistics Statistics

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