The 'life expectancy at birth' in India as per recent SRS is about: MCQ with Answer and Explanation
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Question #1
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Cost of Living Index adjustments are most relevant for:
Correct Answer: Option D
Explanation:
Cost of Living Indices inform wage indexation, pension adjustments, and welfare benefits to maintain purchasing power amid inflation, directly impacting household economic security.
Cost of Living Indices inform wage indexation, pension adjustments, and welfare benefits to maintain purchasing power amid inflation, directly impacting household economic security.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Census of India is an example of:
Correct Answer: Option C
Explanation:
Census attempts to cover every individual in the country, hence complete enumeration.
Census attempts to cover every individual in the country, hence complete enumeration.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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If the price index is 125 and the quantity index is 120, the value index is:
Correct Answer: Option C
Explanation:
Value ratio = price ratio × quantity ratio. In index form (decimal), 1.25 × 1.20 = 1.50, i.e., 150.
Value ratio = price ratio × quantity ratio. In index form (decimal), 1.25 × 1.20 = 1.50, i.e., 150.
This question belongs to:
Accountancy and Statistics
Statistics
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