The current base year of WPI (wholesale price index) in India is: MCQ with Answer and Explanation

The current base year of WPI (wholesale price index) in India is:
A. 2012
B. 2004-05
C. 2015-16
D. 2011-12
Answer: Option D
Solution (By JKExamLibrary)
The revised WPI series uses 2011-12 as base.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
NRR = 0.8 means:
A. High growth
B. Population is stable
C. Population is doubling
D. Each generation is not replacing itself

Correct Answer: Option D


Explanation:
NRR < 1 indicates population decline in the long run.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
Infant Mortality Rate (IMR) measures the number of deaths of infants under the age of:
A. 1 year per 1,000 total population
B. 5 years per 1,000 live births
C. 1 month per 1,000 live births
D. 1 year per 1,000 live births

Correct Answer: Option D


Explanation:
IMR is defined as the number of deaths of children less than 1 year old per 1,000 live births in a given year.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
In the classification of data, 'chronological classification' refers to:
A. Grouping by time
B. Grouping by attributes
C. Grouping by magnitude
D. Grouping by geographical area

Correct Answer: Option A


Explanation:
Chronological means time-based.

This question belongs to: Accountancy and Statistics Statistics