The primary measure of inflation used by RBI for monetary policy is: MCQ with Answer and Explanation

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The primary measure of inflation used by RBI for monetary policy is:

A. Wholesale Price Index

B. GDP deflator

C. CPI (Combined)

D. Consumer food price index

Answer: Option C

Solution (By JKExamLibrary)

RBI adopted the CPI (Combined) as the key measure of inflation for policy targets.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

A car travels 60 km/h for the first half of a distance and 40 km/h for the second half. The average speed (km/h) is:

A. 50

B. 48

C. 45

D. 52

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Correct Answer: Option B

Explanation:
Harmonic mean of speeds: 2 / (1/60 + 1/40) = 2 / (5/120) = 240/5 = 48 km/h.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

Data on attributes is said to be inconsistent if:

A. The sum of positive frequencies equals N

B. Both A and B

C. Any class frequency is negative

D. Any class frequency is greater than N

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Correct Answer: Option B

Explanation:
Frequencies represent counts, so they cannot be negative, nor can any subset exceed the total population (N).

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Given the following ASFR (per 1000 women) for 5-year age groups: 15-19:20, 20-24:150, 25-29:120, 30-34:80, 35-39:30, 40-44:10, 45-49:5. The TFR (children per woman) is approximately:

A. 2.075

B. 1.5

C. 2.08

D. 415

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Correct Answer: Option A

Explanation:
Sum of ASFRs = 415 per 1000. TFR = 5 × 415/1000 = 2075/1000 = 2.075 children per woman.

This question belongs to: Accountancy and Statistics Statistics

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