Paasche's Price Index uses: MCQ with Answer and Explanation

Paasche's Price Index uses:

A. Fixed arbitrary weights

B. Average of base and current year quantities

C. Base year quantities as weights

D. Current year quantities as weights

Answer: Option D

Paasche uses current year quantities, which makes it reflective of current consumption patterns but suffers from downward bias.

This question belongs to: Accountancy and Statistics Statistics

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

Question #1 Report Error

For a continuous variable, which graph is most suitable?

A. Pie chart

B. Ogive only

C. Bar chart

D. Histogram

Correct Answer: Option D

Explanation:
Histogram represents continuous grouped data.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

A questionnaire is different from a schedule in that:

A. Questionnaire is filled by the enumerator

B. Questionnaire is self-administered by the respondent

C. There is no difference

D. Schedule is filled by the respondent

Correct Answer: Option B

Explanation:
A questionnaire is filled by the informant; a schedule by the enumerator.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Which of the following is a measure of morbidity?

A. Crude death rate

B. Life expectancy

C. Incidence rate of a disease

D. Infant mortality rate

Correct Answer: Option C

Explanation:
Morbidity measures illness or disease frequency, not mortality.

This question belongs to: Accountancy and Statistics Statistics