If a time series index shows that prices have doubled from base year, the index is: MCQ with Answer and Explanation
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Question #1
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Which of the following is true about WPI and CPI in India?
Correct Answer: Option C
Explanation:
WPI is limited to goods; CPI includes both goods and services.
WPI is limited to goods; CPI includes both goods and services.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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If the crude birth rate of a country is 25 and crude death rate is 10, and net migration rate is -2 per 1000, the growth rate is:
Correct Answer: Option D
Explanation:
Growth rate = 25 - 10 + (-2) = 13 per 1000.
Growth rate = 25 - 10 + (-2) = 13 per 1000.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The geometric mean of 2, 4, and 8 is:
Correct Answer: Option D
Explanation:
(2 × 4 × 8)^(1/3) = 64^(1/3) = 4.
(2 × 4 × 8)^(1/3) = 64^(1/3) = 4.
This question belongs to:
Accountancy and Statistics
Statistics
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