The Wholesale Price Index (WPI) base year 2011-12 includes: MCQ with Answer and Explanation

The Wholesale Price Index (WPI) base year 2011-12 includes:
A. Only food articles
B. Services
C. Goods only, grouped into primary, fuel, and manufactured products
D. Consumer durables only
Answer: Option C
Solution (By JKExamLibrary)
WPI basket comprises goods under three major groups: Primary Articles, Fuel & Power, Manufactured Products.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Which of the following is an example of a leading question?
A. List three improvements you would suggest.
B. How often do you exercise?
C. Do you agree that the new policy is beneficial?
D. What is your age?

Correct Answer: Option C


Explanation:
It suggests that the policy is beneficial, leading the respondent to agree.

This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
The arithmetic mean of the first five natural numbers is:
A. 2.5
B. 5
C. 3
D. 4

Correct Answer: Option C


Explanation:
(1+2+3+4+5)/5 = 15/5 = 3.

This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
In questionnaire design, a 'double-barreled question' is problematic because it:
A. Uses technical jargon
B. Asks about two different issues in one question, confusing respondents
C. Requires numerical answers
D. Is too long for respondents to read

Correct Answer: Option B


Explanation:
Double-barreled questions (e.g., 'Do you find the product affordable and high-quality?') conflate two attributes, making responses ambiguous and uninterpretable for either dimension.

This question belongs to: Accountancy and Statistics Statistics