The Laspeyres index formula is: MCQ with Answer and Explanation

The Laspeyres index formula is:

A. Σp₁q₁ / Σp₀q₁ × 100

B. Σp₁q₀ / Σp₀q₀ × 100

C. √( Σp₁q₀/Σp₀q₀ × Σp₁q₁/Σp₀q₁ ) × 100

D. Σp₁q₁ / Σp₀q₀ × 100

Answer: Option B

Laspeyres uses base period weights.

This question belongs to: Accountancy and Statistics Statistics

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

Question #1 Report Error

Which country has the largest population according to current estimates (2023)?

A. USA

B. China

C. Indonesia

D. India

Correct Answer: Option D

Explanation:
As of 2023, India surpassed China to become the world's most populous country.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

A box has 2 red, 3 blue, 5 green balls. Probability of drawing a green ball is:

A. 2/5

B. 5/10

C. 3/10

D. 1/2

Correct Answer: Option B

Explanation:
Total balls = 10, green = 5, probability = 5/10 = 1/2. But option B says 5/10, which is the same. So B is correct.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

According to Census 2011, the most populous state in India is:

A. West Bengal

B. Uttar Pradesh

C. Bihar

D. Maharashtra

Correct Answer: Option B

Explanation:
Uttar Pradesh has the highest population among Indian states as per Census 2011.

This question belongs to: Accountancy and Statistics Statistics