Index Numbers & Demography

JKSSB Panchayat Account Assistant · Mathematics/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. 0
  2. 1000
  3. 100
  4. 1
Show answer

Answer: C. 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 males per 1,000 females
  2. Percentage of females in the population
  3. Number of females per 1,000 males
  4. Number of births per 1,000 people
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Answer: C. 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 the base-year quantities as its weights
  2. Is the easiest of all the index numbers to calculate
  3. Satisfies both the time reversal and factor reversal tests
  4. Ignores the quantities of the goods altogether
Show answer

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

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