Which of the following is NOT a feature of the Wholesale Price Index (WPI) in India? MCQ with Answer and Explanation

Question Report Error

Which of the following is NOT a feature of the Wholesale Price Index (WPI) in India?

A. It is compiled by the Office of Economic Adviser.

B. It includes services like transport and healthcare.

C. The current base year is 2011-12.

D. It covers only goods.

Answer: Option B

Solution (By JKExamLibrary)

WPI excludes services; it covers only goods.

This question belongs to: Accountancy and Statistics Statistics

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Statistics Questions

Question #1 Report Error

In attribute theory, the class frequency (Aβ) indicates objects possessing:

A. Both A and B

B. A but not B

C. Neither A nor B

D. B but not A

View Answer & Solution Discuss

Correct Answer: Option B

Explanation:
β denotes absence of B, so (Aβ) = possessing A and not B.

This question belongs to: Accountancy and Statistics Statistics

Question #2 Report Error

The total population of India as per Census 2011 was approximately:

A. 1.40 billion

B. 1.02 billion

C. 1.21 billion

D. 1.35 billion

View Answer & Solution Discuss

Correct Answer: Option C

Explanation:
India's population in 2011 was 1.21 billion (1210.2 million).

This question belongs to: Accountancy and Statistics Statistics

Question #3 Report Error

Which of the following is a limitation of the questionnaire method?

A. Low response rate

B. Not suitable for large samples

C. High cost

D. Requires training of enumerators

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Questionnaires, especially mailed ones, often suffer from poor response rates, leading to bias.

This question belongs to: Accountancy and Statistics Statistics

Explore All Statistics MCQs