If the price index is 125 and the quantity index is 120, the value index is: MCQ with Answer and Explanation

Question Report Error

If the price index is 125 and the quantity index is 120, the value index is:

A. 145

B. 125

C. 150

D. 130

Answer: Option C

Solution (By JKExamLibrary)

Value ratio = price ratio × quantity ratio. In index form (decimal), 1.25 × 1.20 = 1.50, i.e., 150.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

If the arithmetic mean of 25, 30, x, 35, 40 is 33, then x is:

A. 30

B. 33

C. 32

D. 35

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Correct Answer: Option D

Explanation:
Sum = 25+30+x+35+40 = 130+x. Mean = (130+x)/5 = 33 ⇒ 130+x=165 ⇒ x=35.

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Question #2 Report Error

Neonatal mortality rate is a component of:

A. Maternal mortality ratio

B. Crude death rate

C. Infant mortality rate

D. Perinatal mortality rate only

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Correct Answer: Option C

Explanation:
Neonatal deaths (0-28 days) are part of infant deaths.

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Question #3 Report Error

Data on attributes is said to be inconsistent if:

A. The sum of positive frequencies equals N

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C. Any class frequency is greater than N

D. Both A and B

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Correct Answer: Option D

Explanation:
Frequencies represent counts, so they cannot be negative, nor can any subset exceed the total population (N).

This question belongs to: Accountancy and Statistics Statistics

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