If Σp₁q₀ = 720 and Σp₀q₀ = 600, the Laspeyres price index is: MCQ with Answer and Explanation

If Σp₁q₀ = 720 and Σp₀q₀ = 600, the Laspeyres price index is:

A. 120

B. 83.33

C. 60

D. 1200

Answer: Option A

P_L = 720/600 × 100 = 120.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

A person travels from A to B at 40 km/h and returns from B to A at 60 km/h. His average speed for the whole journey is:

A. 52 km/h

B. 48 km/h

C. 50 km/h

D. 45 km/h

Correct Answer: Option B

Explanation:
For equal distances, use Harmonic Mean: 2ab/(a+b) = 2(40)(60)/(100) = 4800/100 = 48 km/h.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

The civil registration system in India records:

A. Census data

B. Births, deaths, and marriages

C. Educational data

D. Migration only

Correct Answer: Option B

Explanation:
Civil registration is the continuous, permanent, compulsory recording of vital events.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

NRR = 0.8 means:

A. High growth

B. Population is stable

C. Each generation is not replacing itself

D. Population is doubling

Correct Answer: Option C

Explanation:
NRR < 1 indicates population decline in the long run.

This question belongs to: Accountancy and Statistics Statistics