The 'weight' in a weighted index number should ideally represent: MCQ with Answer and Explanation
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Question #1
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The base year of the current Consumer Price Index (CPI) in India is:
Correct Answer: Option C
Explanation:
The new series of CPI (Rural, Urban, Combined) has base year 2012.
The new series of CPI (Rural, Urban, Combined) has base year 2012.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The Paasche price index tends to ______ the true increase in prices if consumers substitute away from goods that have become more expensive.
Correct Answer: Option D
Explanation:
Paasche uses current period quantities; substitution away from expensive items reduces their weight, leading to understatement.
Paasche uses current period quantities; substitution away from expensive items reduces their weight, leading to understatement.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Perinatal Mortality Rate is particularly useful for evaluating:
Correct Answer: Option C
Explanation:
Perinatal mortality (late fetal + early neonatal deaths) is closely linked to obstetric care quality, making it a key metric for assessing maternal and newborn health services around childbirth.
Perinatal mortality (late fetal + early neonatal deaths) is closely linked to obstetric care quality, making it a key metric for assessing maternal and newborn health services around childbirth.
This question belongs to:
Accountancy and Statistics
Statistics
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