The base year of the current series of CPI-IW (2016 series) is: MCQ with Answer and Explanation

Question Report Error

The base year of the current series of CPI-IW (2016 series) is:

A. 2010

B. 2001

C. 2012

D. 2016

Answer: Option D

Solution (By JKExamLibrary)

The current CPI-IW series has base year 2016, replacing the 2001 series.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

Which of the following is a limitation of vital statistics in India?

A. Complete registration

B. High accuracy

C. Under-registration of births and deaths

D. Timely reporting

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Correct Answer: Option C

Explanation:
Civil registration in India suffers from incomplete coverage, especially in rural areas.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following best describes 'demographic dividend'?

A. Increase in old-age dependency

B. Increase in the share of working-age population

C. Increase in population growth rate

D. Increase in fertility

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Correct Answer: Option B

Explanation:
Demographic dividend refers to the economic growth potential from a larger proportion of working-age people.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

The cost of living index is primarily used for:

A. Measuring agricultural output

B. Computing GDP

C. Adjusting salaries and wages

D. Forecasting exports

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Correct Answer: Option C

Explanation:
It measures changes in the cost of living, used to adjust dearness allowance and wages.

This question belongs to: Accountancy and Statistics Statistics

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