The Laspeyres quantity index uses: MCQ with Answer and Explanation

The Laspeyres quantity index uses:

A. Base period prices as weights

B. Current period quantities as weights

C. Base period quantities as weights

D. Current period prices as weights

Answer: Option A

Laspeyres quantity index = Σp₀q₁ / Σp₀q₀ × 100.

This question belongs to: Accountancy and Statistics Statistics

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Question #1 Report Error

If A and B are independent events with P(A)=0.5, P(B)=0.4, P(A∪B) is:

A. 0.5

B. 0.9

C. 0.2

D. 0.7

Correct Answer: Option D

Explanation:
P(A∪B) = 0.5 + 0.4 - (0.5×0.4) = 0.9 - 0.2 = 0.7.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Which of the following sources is considered an unpublished source of secondary data?

A. Census of India reports

B. Financial records maintained internally by a private company

C. World Bank development reports

D. Reserve Bank of India (RBI) bulletins

Correct Answer: Option B

Explanation:
Internal company records are not available to the general public, making them unpublished secondary data.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

According to Census 2011, which state has the highest population density among major states?

A. West Bengal

B. Bihar

C. Kerala

D. Uttar Pradesh

Correct Answer: Option B

Explanation:
Bihar had 1106 persons/sq km, highest among major states.

This question belongs to: Accountancy and Statistics Statistics