In the classification of data, 'chronological classification' refers to: MCQ with Answer and Explanation

In the classification of data, 'chronological classification' refers to:
A. Grouping by geographical area
B. Grouping by time
C. Grouping by magnitude
D. Grouping by attributes
Answer: Option B
Solution (By JKExamLibrary)
Chronological means time-based.

This question belongs to: Accountancy and Statistics Statistics

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The Fisher index is also known as:
A. Ideal index
B. Chain index
C. Cost index
D. Simple index

Correct Answer: Option A


Explanation:
Fisher termed his index 'ideal' because it satisfies time reversal and factor reversal tests.

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Question #2 Report Error
In a frequency distribution with classes 0-9, 10-19, 20-29,... the class boundaries for 20-29 are:
A. 20 - 29
B. 19.5 - 28.5
C. 19.5 - 29.5
D. 20.5 - 29.5

Correct Answer: Option C


Explanation:
Given inclusive intervals with gap of 1, subtract 0.5 from lower and add 0.5 to upper.

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Question #3 Report Error
Which method of collecting primary data is most suitable when the field of investigation is highly confidential and restricted?
A. Indirect oral investigation
B. Information through local correspondents
C. Mailed questionnaire method
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Correct Answer: Option D


Explanation:
Direct personal interview ensures maximum confidentiality as the investigator directly collects data without intermediaries.

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