CPI (Rural, Urban, Combined) data is released by: MCQ with Answer and Explanation

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CPI (Rural, Urban, Combined) data is released by:

A. Labour Bureau

B. National Statistical Office (NSO)

C. RBI

D. Ministry of Finance

Answer: Option B

Solution (By JKExamLibrary)

The NSO compiles and releases CPI data.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

If A and B are independent, then P(A|B) equals:

A. P(A) + P(B)

B. P(B)

C. P(A)

D. P(A∩B)

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Correct Answer: Option C

Explanation:
Independence means the occurrence of B does not affect the probability of A.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

In the schedule method, the enumerator:

A. Uses telephone only

B. Asks the respondent to fill the form

C. Fills the form by interviewing the respondent

D. Mails the form to the respondent

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Correct Answer: Option C

Explanation:
The enumerator personally interviews and records the information.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Which formula fails the Factor Reversal Test?

A. Fisher's Ideal Index

B. Marshall-Edgeworth Index

C. Both B and C

D. Laspeyres' Index

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Correct Answer: Option C

Explanation:
Only Fisher's Ideal Index satisfies both the Time Reversal and Factor Reversal Tests; Laspeyres and Marshall-Edgeworth fail the factor test.

This question belongs to: Accountancy and Statistics Statistics

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