Which of the following is a disadvantage of the mailed questionnaire method for primary data collection? MCQ with Answer and Explanation
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Question #1
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The current base year of WPI (wholesale price index) in India is:
Correct Answer: Option C
Explanation:
The revised WPI series uses 2011-12 as base.
The revised WPI series uses 2011-12 as base.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The simple aggregative price index is:
Correct Answer: Option B
Explanation:
Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.
Simple aggregative index sums current prices, divides by sum of base prices, and multiplies by 100.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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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 C
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
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