The time reversal test is satisfied by: MCQ with Answer and Explanation

The time reversal test is satisfied by:
A. Simple aggregative index
B. Paasche index
C. Laspeyres index
D. Fisher index
Answer: Option D
Solution (By JKExamLibrary)
Fisher is the only one among these that satisfies time reversal test.

This question belongs to: Accountancy and Statistics Statistics

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Population policy in India aims to achieve:
A. Stabilization of population by 2045
B. Zero population growth immediately
C. Decrease life expectancy
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Correct Answer: Option A


Explanation:
The National Population Policy 2000 aims for population stabilization by 2045.

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Question #2 Report Error
If the Cost of Living Index rises by 10%, a wage earner's real income remains unchanged only if nominal wages increase by:
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Correct Answer: Option C


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Real income = Nominal income / Price index. To keep real income constant when prices rise 10% (index ×1.10), nominal income must also rise 10% (×1.10), so the ratio remains unchanged.

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If a distribution has two modes, it is called:
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Correct Answer: Option A


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Bimodal means two peaks in the frequency distribution.

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