Which of the following index numbers satisfies the Circular Test? MCQ with Answer and Explanation
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Question #1
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Which of the following is a necessary condition for consistency of data for two attributes?
Correct Answer: Option C
Explanation:
All ultimate class frequencies must be non-negative, and marginal conditions like (A) ≥ (AB) must hold.
All ultimate class frequencies must be non-negative, and marginal conditions like (A) ≥ (AB) must hold.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which index number test checks if P₀₁ × P₁₂ × P₂₀ = 1?
Correct Answer: Option D
Explanation:
The circular test verifies consistency across three periods: the product of indices linking 0→1, 1→2, and 2→0 should equal 1 (or 100³ in percentage terms), ensuring transitivity in comparisons.
The circular test verifies consistency across three periods: the product of indices linking 0→1, 1→2, and 2→0 should equal 1 (or 100³ in percentage terms), ensuring transitivity in comparisons.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Which of the following is a principle of questionnaire design?
Correct Answer: Option B
Explanation:
Logical sequencing improves response quality and reduces dropout.
Logical sequencing improves response quality and reduces dropout.
This question belongs to:
Accountancy and Statistics
Statistics
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