The base year for the current series of Wholesale Price Index (WPI) introduced in 2017 is: MCQ with Answer and Explanation

Question Report Error

The base year for the current series of Wholesale Price Index (WPI) introduced in 2017 is:

A. 2015-16

B. 2011-12

C. 2004-05

D. 2017-18

Answer: Option B

Solution (By JKExamLibrary)

The base year of the revised WPI series launched in 2017 is 2011-12.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

General fertility rate (GFR) is defined as:

A. Births per 1000 population

B. Births per 1000 married women

C. Children per woman

D. Births per 1000 women aged 15-49

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Correct Answer: Option D

Explanation:
GFR = (Live births / Women 15-49) × 1000.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

In a 2×2 contingency table, if ad > bc, then:

A. A and B are positively associated

B. Data are inconsistent

C. A and B are negatively associated

D. A and B are independent

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Correct Answer: Option A

Explanation:
ad > bc indicates positive association.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Total Fertility Rate (TFR) is interpreted as:

A. The average number of children a woman would have if she survived to the end of her childbearing years and experienced current age-specific fertility rates

B. Total births minus total infant deaths

C. The number of daughters born to a cohort of 1000 women

D. Births per 1000 mid-year population

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
TFR is a synthetic cohort measure estimating the total number of children a woman will bear in her lifetime.

This question belongs to: Accountancy and Statistics Statistics

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