The Total Fertility Rate (TFR) is expressed as: MCQ with Answer and Explanation
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Question #1
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Consumer Price Index (CPI) includes which of the following that WPI typically excludes?
Correct Answer: Option D
Explanation:
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
CPI covers a broader basket including consumer services (healthcare, education, transport), while WPI focuses mainly on goods, making CPI more comprehensive for cost-of-living assessment.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The population of a country in 2020 was 100 million with a growth rate of 2% per year. Assuming exponential growth, the population in 2022 is approximately:
Correct Answer: Option D
Explanation:
Using compound formula: 100 × (1.02)^2 = 104.04 million.
Using compound formula: 100 × (1.02)^2 = 104.04 million.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The WPI base year 2011-12 replaced which previous base year?
Correct Answer: Option D
Explanation:
The previous WPI series had base 2004-05.
The previous WPI series had base 2004-05.
This question belongs to:
Accountancy and Statistics
Statistics
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