The wholesale price index in India is a: MCQ with Answer and Explanation

The wholesale price index in India is a:
A. Consumer price index
B. Index of industrial production
C. Price index for goods traded at the wholesale level
D. Cost of living index
Answer: Option C
Solution (By JKExamLibrary)
WPI measures wholesale price movements of goods.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
An ogive is a graph of:
A. Frequency against lower limits
B. Cumulative frequency against upper class boundaries
C. Cumulative frequency against lower class boundaries
D. Frequency vs class midpoints

Correct Answer: Option B


Explanation:
A 'less than' ogive plots cumulative frequency against the upper class boundaries.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
A random variable X takes values 0,1,2 with probabilities 0.3,0.5,0.2. The expected value E(X) is:
A. 1.1
B. 1.0
C. 0.9
D. 0.8

Correct Answer: Option C


Explanation:
E(X) = 0×0.3 + 1×0.5 + 2×0.2 = 0 + 0.5 + 0.4 = 0.9.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
A demographer wants to study the mortality of infants specifically related to birth trauma or congenital issues. Which rate is best?
A. Crude death rate
B. Standardized death rate
C. Post-neonatal mortality rate
D. Neonatal mortality rate

Correct Answer: Option D


Explanation:
Neonatal deaths (first 28 days) are heavily driven by endogenous factors like birth defects and birth trauma.

This question belongs to: Accountancy and Statistics Statistics