Which of the following is true about WPI and CPI in India? MCQ with Answer and Explanation
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Question #1
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Vital registration systems are most effective when they are:
Correct Answer: Option C
Explanation:
Effective vital registration requires legal mandate for reporting all births/deaths, nationwide coverage, and ongoing operation to provide complete, timely data for demographic analysis and policy.
Effective vital registration requires legal mandate for reporting all births/deaths, nationwide coverage, and ongoing operation to provide complete, timely data for demographic analysis and policy.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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Which formula uses the arithmetic mean of base and current year quantities as weights?
Correct Answer: Option B
Explanation:
Marshall-Edgeworth uses the sum (or arithmetic average) of quantities from both years: w = (q0 + q1).
Marshall-Edgeworth uses the sum (or arithmetic average) of quantities from both years: w = (q0 + q1).
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Consider the following: 1. CPI-IW is compiled by Labour Bureau. 2. CPI-Rural, Urban, Combined base year is 2012. 3. CPI basket includes both goods and services. Which of the above is/are correct?
Correct Answer: Option D
Explanation:
All three statements are factually correct.
All three statements are factually correct.
This question belongs to:
Accountancy and Statistics
Statistics
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