Laspeyres' price index formula uses which of the following as weights? MCQ with Answer and Explanation

Question Report Error

Laspeyres' price index formula uses which of the following as weights?

A. Current year quantities

B. Average of base and current year quantities

C. Arbitrary quantities

D. Base year quantities

Answer: Option D

Solution (By JKExamLibrary)

Laspeyres' index uses base year quantities (q0) as weights to measure price changes.

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error

Demography includes the study of:

A. Only fertility

B. Only migration

C. Population composition and distribution along with size

D. Only population size

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
Demography studies size, composition (age, sex, etc.), and distribution of population.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

A bag contains 3 red and 2 blue balls. Two balls are drawn at random without replacement. The probability that both are red is:

A. 3/5

B. 1/2

C. 3/10

D. 9/25

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
P(both red) = (3/5) × (2/4) = 6/20 = 3/10. Without replacement, the probability changes after the first draw, requiring multiplication of conditional probabilities.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

CPI (Rural, Urban, Combined) data is released by:

A. National Statistical Office (NSO)

B. Ministry of Finance

C. Labour Bureau

D. RBI

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
The NSO compiles and releases CPI data.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs