Demographic dividend refers to: MCQ with Answer and Explanation
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Question #1
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Which of the following is NOT a feature of the Wholesale Price Index (WPI) in India?
Correct Answer: Option B
Explanation:
WPI excludes services; it covers only goods.
WPI excludes services; it covers only goods.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The Laspeyres index is criticized because it:
Correct Answer: Option C
Explanation:
Laspeyres uses fixed base period weights, ignoring consumer substitution to cheaper goods.
Laspeyres uses fixed base period weights, ignoring consumer substitution to cheaper goods.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Bayes' theorem is expressed as P(A|B) = [P(B|A) × P(A)] / P(B). Here, P(A) is called the:
Correct Answer: Option A
Explanation:
In Bayesian inference, P(A) is the prior probability, representing initial belief about hypothesis A before observing evidence B; P(A|B) is the updated posterior probability.
In Bayesian inference, P(A) is the prior probability, representing initial belief about hypothesis A before observing evidence B; P(A|B) is the updated posterior probability.
This question belongs to:
Accountancy and Statistics
Statistics
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