For two attributes, the number of ultimate class frequencies is: MCQ with Answer and Explanation

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For two attributes, the number of ultimate class frequencies is:

A. 4

B. 9

C. 2

D. 8

Answer: Option A

Solution (By JKExamLibrary)

With two attributes, there are 2² = 4 mutually exclusive classes (AB, Aβ, αB, αβ).

This question belongs to: Accountancy and Statistics Statistics

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In the context of data collection, what is the fundamental difference between a schedule and a questionnaire?

A. A questionnaire is always sent by mail, whereas a schedule is emailed.

B. A schedule contains more questions than a questionnaire.

C. A schedule is filled by the enumerator, while a questionnaire is filled by the respondent.

D. There is no difference; they are synonymous.

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Correct Answer: Option C

Explanation:
Schedules require trained enumerators to ask questions and record answers, reducing non-response rates compared to questionnaires.

This question belongs to: Accountancy and Statistics Statistics

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Which of the following statements about secondary data is NOT correct?

A. It can be obtained from published reports.

B. It is often less expensive to obtain than primary data.

C. It is always tailored to the researcher's specific objective.

D. It is already collected data that may be used by another researcher.

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Correct Answer: Option C

Explanation:
Secondary data was collected for another purpose, so it may not fit the current research objective perfectly; it is not always tailored.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

The primary measure of inflation used by RBI for monetary policy is:

A. Consumer food price index

B. Wholesale Price Index

C. CPI (Combined)

D. GDP deflator

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Correct Answer: Option C

Explanation:
RBI adopted the CPI (Combined) as the key measure of inflation for policy targets.

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