Wholesale Price Index (WPI) in India is compiled by: MCQ with Answer and Explanation
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Question #1
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In a study on urban migration patterns, a researcher uses data from the National Sample Survey Office (NSSO) reports. This data is classified as:
Correct Answer: Option A
Explanation:
Data obtained from published reports like NSSO is secondary data because it was collected by another agency for a different purpose and is being reused by the researcher.
Data obtained from published reports like NSSO is secondary data because it was collected by another agency for a different purpose and is being reused by the researcher.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The weighted arithmetic mean is calculated as:
Correct Answer: Option B
Explanation:
Weighted mean = sum of (value × weight) divided by sum of weights, allowing differential importance of observations, e.g., in index numbers or survey sampling.
Weighted mean = sum of (value × weight) divided by sum of weights, allowing differential importance of observations, e.g., in index numbers or survey sampling.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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The total population of a country at a given time is essentially affected by:
Correct Answer: Option B
Explanation:
These three components are the only demographic variables that determine changes in population size.
These three components are the only demographic variables that determine changes in population size.
This question belongs to:
Accountancy and Statistics
Statistics
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