Paasche's price index formula is: MCQ with Answer and Explanation

Paasche's price index formula is:

A. Σp₁(q₀+q₁) / Σp₀(q₀+q₁) × 100

B. Σp₁q₁ / Σp₀q₁ × 100

C. Σp₁q₁ / Σp₀q₀ × 100

D. Σp₁q₀ / Σp₀q₀ × 100

Answer: Option B

Paasche index uses current period quantities: Σp₁q₁ / Σp₀q₁ × 100.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

If a woman gave birth to a child at age 30, the birth is counted in ASFR for age group:

A. 35-39

B. 20-24

C. 25-29

D. 30-34

Correct Answer: Option D

Explanation:
Age 30 falls in the 30-34 age group.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Consumer Price Index measures changes in:

A. Retail prices of a fixed basket of goods and services

B. Stock prices

C. Wholesale prices

D. Industrial production

Correct Answer: Option A

Explanation:
CPI tracks retail prices of goods and services consumed by households.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Infant Mortality Rate is a sensitive indicator of:

A. Health and socio-economic conditions

B. Education level

C. Economic growth

D. Industrial development

Correct Answer: Option A

Explanation:
IMR reflects the quality of healthcare, nutrition, and environmental conditions.

This question belongs to: Accountancy and Statistics Statistics