Which index satisfies both time reversal and factor reversal tests? MCQ with Answer and Explanation

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Which index satisfies both time reversal and factor reversal tests?

A. Paasche

B. Fisher

C. Simple aggregative

D. Laspeyres

Answer: Option B

Solution (By JKExamLibrary)

Only Fisher's ideal index satisfies both tests.

This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error

If (AB)=(A)(B)/N, the attributes are:

A. Negatively associated

B. Positively associated

C. Independent

D. Complete association

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Correct Answer: Option C

Explanation:
That equation is the condition for independence of attributes.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

If a distribution has two modes, it is called:

A. Bimodal

B. Skewed

C. Unimodal

D. Symmetric

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Correct Answer: Option A

Explanation:
Bimodal means two peaks in the frequency distribution.

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Which of the following is a function of census?

A. Issuing birth certificates

B. Providing data on population size and characteristics

C. Conducting elections

D. Collecting taxes

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Correct Answer: Option B

Explanation:
Census provides comprehensive demographic, social, and economic data.

This question belongs to: Accountancy and Statistics Statistics

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