Index Numbers & Demography

JKSSB Finance Accounts Assistant · Statistics · 15 practice questions with answers and explanations: 3 Easy, 6 Medium, 6 Hard.

Sample questions

Sample Easy question 1

The index number for the base year is always taken as:

  1. 1
  2. 100
  3. 0
  4. 1000
Show answer

Answer: B. The base year is the reference point, set at 100.

Sample Medium question 2

In India, the sex ratio is expressed as:

  1. Number of females per 1,000 males
  2. Number of males per 1,000 females
  3. Number of births per 1,000 people
  4. Percentage of females in the population
Show answer

Answer: A. Indian census practice reports females per 1,000 males.

Sample Hard question 3

Fisher's index is called the 'ideal' index number mainly because it:

  1. Uses only base-year weights
  2. Is the easiest to calculate
  3. Satisfies both the time reversal and factor reversal tests
  4. Ignores quantities altogether
Show answer

Answer: C. Fisher's index (the geometric mean of Laspeyres and Paasche) satisfies both tests, which Laspeyres and Paasche fail individually.

More Statistics topics for JKSSB Finance Accounts Assistant

Related articles