Wholesale Price Index (WPI) is more sensitive to changes in: MCQ with Answer and Explanation

Question Report Error
Wholesale Price Index (WPI) is more sensitive to changes in:
A. Imported luxury goods
B. Housing rents
C. Service sector prices
D. Primary and manufactured goods prices
Answer: Option D
Solution (By JKExamLibrary)
WPI primarily tracks prices of goods (primary articles, fuel, manufactured products) at wholesale stages, with limited service coverage, making it more responsive to commodity price fluctuations.
This question belongs to: Accountancy and Statistics Statistics

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Practice More Statistics Questions

Question #1 Report Error
Life expectancy at birth is best interpreted as:
A. The maximum age reached by any individual in the population
B. The average number of years a newborn is expected to live if current mortality patterns persist
C. The age by which 50% of the population has died
D. The median age at death in a given year
Discuss

Correct Answer: Option B

Explanation:
Life expectancy is a period measure derived from a life table, representing the mean survival time for a hypothetical cohort experiencing current age-specific death rates throughout life.
This question belongs to: Accountancy and Statistics Statistics
Question #2 Report Error
For a positive dataset, if the harmonic mean is equal to the arithmetic mean, what can be concluded?
A. All values are equal
B. The data are symmetric
C. The median equals the mode
D. There is one outlier
Discuss

Correct Answer: Option A

Explanation:
For positive numbers, AM = GM = HM only when all values are identical.
This question belongs to: Accountancy and Statistics Statistics
Question #3 Report Error
Crude Birth Rate is the number of live births per ______ population in a year.
A. 100,000
B. 1000
C. 10,000
D. 100
Discuss

Correct Answer: Option B

Explanation:
CBR = (Live births / Mid-year total population) × 1000.
This question belongs to: Accountancy and Statistics Statistics
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