Wholesale Price Index (WPI) is primarily used by policymakers to monitor: MCQ with Answer and Explanation
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Question #1
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In a 2×2 contingency table for attributes A and B, the frequency of (Aβ) represents units that:
Correct Answer: Option B
Explanation:
Standard notation: A = presence of attribute A, β = absence of attribute B. Thus, (Aβ) denotes units with attribute A present and attribute B absent.
Standard notation: A = presence of attribute A, β = absence of attribute B. Thus, (Aβ) denotes units with attribute A present and attribute B absent.
This question belongs to:
Accountancy and Statistics
Statistics
Question #2
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The sex ratio in India (Census 2011) is defined as:
Correct Answer: Option D
Explanation:
Sex ratio is females per 1000 males; in 2011 it was 943.
Sex ratio is females per 1000 males; in 2011 it was 943.
This question belongs to:
Accountancy and Statistics
Statistics
Question #3
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Chain base index numbers are particularly useful for analyzing:
Correct Answer: Option C
Explanation:
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.
Chain indices highlight recent changes by using the previous period as base, making them sensitive to short-term dynamics like monthly inflation, though less suitable for long-term trend analysis.
This question belongs to:
Accountancy and Statistics
Statistics
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