Answer Keys Junior Investigator Paper 1
Answer Keys for the Computer Based Test post of Junior Investigator (Group-C) of Directorate of Economics & Statistics and Directorate of Animal Husbandry & Veterinary Services : Answer Keys Junior Investigator Paper 1
1.
Synonyms of ADVICE
(a)
council
(b)
counsel
(c)
practice
(d)
proposal
Answer: โcounselโ
2.
Synonyms of MISERABLE
(a)
object
(b)
obstruct
(c)
abject
(d)
abstract
Answer: โabjectโ
3.
Synonyms of UNLAWFUL
(a)
elicit
(b)
draw
(c)
litigation
(d)
illicit
Answer: โillicitโ
4.
Synonyms of HAUGHTY
(a)
imperial
(b)
arrogant
(c)
adamant
(d)
empire
Answer: โempireโ
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5.
Synonym of SOLILOQUY
(a)
figure of speech
(b)
isolated position
(c)
historical incident
(d)
monologue
Answer: โmonologueโ
6.
Antonyms of IMPLICATE
(a)
appease
(b)
exonerate
(c)
adore
(d)
advocate
Answer: โexonerateโ
7.
Antonyms of VACILLATING
(a)
fascinating
(b)
fanaticism
(c)
indolence
(d)
resolute
Answer: โresoluteโ
8.
Antonym of RECKLESS
(a)
modest
(b)
awkward
(c)
celebrated
(d)
cautious
Answer: โcautiousโ
9.
Antonym of INSULT
(a)
humiliation
(b)
credulity
(c)
degradation
(d)
honour
Answer: โcredulityโ
10.
Choose the correct meaning of an idom/ phrase – To turn over a new leaf :
(a)
To change completely oneโs course of action
(b)
To shift attention to new problems
(c)
To cover up oneโs faults by wearing new marks
(d)
To change the old habits and adopt new ones
Answer: โTo change the old habits and adopt new onesโ
11.
Choose the correct meaning of an idom/ phrase – To wrangle over an assโs shadow :
(a)
To act in a foolish way
(b)
To quarrel over trifles
(c)
To waste time on petty things
(d)
To do something funny
Answer: โTo quarrel over triflesโ
12.
Choose the correct spelling of the given word.
(a)
Efflorascence
(b)
Efflorescence
(c)
Efllorescence
(d)
Eflorescence
Answer: โEfflorescenceโ
13.
Choose the correct spelling of the given word.
(a)
Aliennate
(b)
Allienate
(c)
Alienate
(d)
Alienatte
Answer: โAlienateโ
14.
Choose the correct alternative form – The match having ended in a draw, the first prize was sharedโฆโฆโฆ..
(a)
between Usha and I
(b)
by Usha and
(c)
by Usha and me
(d)
among me and Usha.
Answer: โbetween Usha and Iโ
15.
Choose the correct alternative form – It is not time for the cinema to begin โฆโฆโฆ.?
(a)
so far, is it?
(b)
yet, isnโt it?
(c)
already, is it?
(d)
before, isnโt it?
Answer: โalready, is it?โ
Direction (16 to 20)
As I stepped out of the train I felt unusually solitary since
I was the only passenger to alight. I was accustomed to arriving
in the summer, when holiday-makers throng coastal resorts and
this was my first visit when the season was over. My destination
was a little village which was eight miles by road. It took only a
few minutes for me to come to the foot of the cliff path. When I
reached the top I had left all signs of habitation behind me. I was
surprised to notice that the sky was already a flame with the sunset. It
seemed to be getting dark amazingly quickly. I was at a loss to account
for the exceptionally early end of daylight since I did not think I had
walked unduly slowly. Then I recollected that on previous visits I had
walked in high summer and how it was October.
All at once it was night. The track was grassy and even in
daylight sghowed up hardly at all. I was terrified of hurtling over
the edge of the cliff to the rocks below. I felt my feet squelching
and sticking in something soggy. Then I bumped into a little clump
of trees that loomed up in front of me. I climbed up the nearest
trunk and managed to find a tolerabley comfortable fork to sit on.
The waiting was spent by my attempts to identify the little stirrings
and noises of animal life that I could hear. I grew colder and colder
and managed to sleep only in uneasy fitful starts. At last when
the moon came up I was on my way again.
16
The writer felt unusually solitary because
(a)
he was feeling very lonely without his family.
(b)
he was missing the company of other holiday-makers.
(c)
his destination was a little village eight miles away.
(d)
there was no one to meet him.
Answer: โhe was missing the company of other holiday-makers.โ
17
“I left all signs of habitation behind me.” This means that he
(a)
came to a place where there were very few houses.
(b)
was in front of a large collection of cottages.
(c)
had come very far from places where people lived.
(d)
had just passed a remote village.
Answer: โhad come very far from places where people lived.โ
18
I became darker than the writer expected because
(a)
the nights are shorter in autumn than in summer.
(b)
the nights are longer in October than mid summer.
(c)
the train arrived later than usual.
(d)
he had walked unduly slowly.
Answer: โthe nights are longer in October than mid summer.โ
19
The writer found it difficult to keep to the path because of
(a)
the darkness and narrowness of the path.
(b)
poor visibility and grassy track.
(c)
the darkness and his slow pace.
(d)
poor visibility and dew on grass.
Answer: โpoor visibility and dew on grass.โ
20
When he settled himself on the fork of the tree the writer
(a)
had a sound sleep.
(b)
was disturbed by noises of animals.
(c)
was too afraid to sleep.
(d)
tried to sleep but without much success.
Answer: โtried to sleep but without much success.โ
21
The Paithan (Jayakwadi) Hydro-electric project, completed with the help of Japan, is on the river.
(A)
Ganga
(B)
Cauvery
(C)
Godavari
(D)
Narmada
Answer: โGodavariโ
22
The percentage of irrigated land in India is about.
(A)
45
(B)
65
(C)
35
(D)
25
Answer: โ35โ
23
The southernmost point of peninsular India, that is, Kanyakumari, is
(A)
north of Tropic of Cancer
(B)
south of the Equator
(C)
south of the Capricorn
(D)
north of the Equator
Answer: โnorth of the Equatorโ
24
The pass located at the southern end of the Nilgiri Hills in south India is called
(A)
the Palghat gap
(B)
the Bhorghat pass
(C)
the Thalgat pass
(D)
the Bolan pass
Answer: โthe Palghat gapโ
25.
Which of the following factors are responsible for the rapid growth of sugar production in south India as compared
to north India?
I.Higher per acre field of sugarcane
II.Higher sucrose content of sugarcane
III.Lower labour cost
IV.Longer crushing period
(A)
I and II
(B)
I, II and III
(C)
I, III and IV
(D)
I, II and IV
Answer: โI, II and IVโ
26
Indiaโs first National Film Museum opens in
(A)
Delhi
(B)
Mumbai
(C)
Hyderabad
(D)
Kolkata
Answer: โMumbaiโ
27
Who is the new Union Home Secretary?
(A)
Rajiv Gauba
(B)
Sanjay Mitra
(C)
Subash Chandra
(D)
Ajay Kumar Bhalla
Answer: โRajiv Gaubaโ
28
The boundaries of the plates of the earthโs crust are the weak zones known as zones.
(A)
Cosmic
(B)
Seismic
(C)
Formic
(D)
Anaemic
Answer: โSeismicโ
29
Who becomes fastest Indian to reach 100 ODI wickets?
(A)
Ajit Agarkar
(B)
Ravichandran Ashwin
(C)
Jasprit Bumrah
(D)
Mohammed Shami
Answer: โMohammed Shamiโ
30
Which prominent personality has been conferred the Vaticanโs โLamp of Peace of Saint Francisโ award?
(A)
Narendra Modi
(B)
Muhammad Yunus
(C)
Sachin Tendulkar
(D)
A.R. Rahman
Answer: โMuhammad Yunusโ
31
If in a code GONE is written as ILPB then how may CRIB be written in that code?
(A)
EUKY
(B)
EKUY
(C)
EYUK
(D)
EOKY
Answer: โEOKYโ
32
One morning, Ketan walked towards the sun. After some time he turned left and again to his left. Which direction
is he facing?
(A)
North
(B)
South
(C)
East
(D)
West
Answer: โWestโ
33
If India is coded as 27924 and cricket is coded as 1621835 then DIRT will be coded as .
(A)
9878
(B)
9825
(C)
9165
(D)
9265
Answer: โ9265โ
Answer Keys Junior Investigator Paper 1
34
If โAmanโ = 4, โShivamโ = 6, โScienceโ = 7, Then โBhimโ = ?
(A)
4
(B)
3
(C)
6
(D)
5
Answer: โ4โ
35
If โAโ denotes โadded toโ, โBโ denotes โdivided byโ, โCโ denotes โmultiplied byโ and โDโ denotes โsubtracted
fromโ, then 87 B 3 C 4 A 4 D 50 = ?
(A)
65
(B)
75
(C)
70
(D)
80
Answer: โ70โ
36
In a certain code language โfeel free to flyโ = โ4l 4e 2o 3yโ. โWhy the statementโ = โ3y 3e 9tโ then โMediaโ is
coded as .
(A)
5m
(B)
5e
(C)
5a
(D)
4a
Answer: โ5aโ
37
In the following question, select the odd word pair from the given alternatives.
(A)
Zinc โ Metal
(B)
Aluminum โ Metal
(C)
Crocodile โ Water
(D)
Gold โ Metal
Answer: โCrocodile โ Waterโ
38
In a certain code language, โCABโ is written as โ6โ and โLEGโ is written as โ6โ. How is โMAPโ written in that code
language?
(A)
6
(B)
4
(C)
3
(D)
8
Answer: โ3โ
39
If 11 # 2 @ 6 = 78 and 15 # 4 @ 8 = 152, then 17 # 6 @ 7 = ?
(A)
161
(B)
143
(C)
221
(D)
157
Answer: โ161โ
40
A series is given with one term missing. Choose the correct alternative from the given ones that will complete the
series.
MN, PQ, TU, YZ, ?
(A)
YZ
(B)
AB
(C)
EF
(D)
EJ
Answer: โEFโ
41
Calculate the range of the given sets of data 7,47,8,42,47,95,42,96,2
A.
6
B.
94
C.
71
D.
84
Answer: โ94โ
42
Find the mean deviation according to the Mean of the given data sets 7,47,8,42,47,95,42,96,3
A.
11
B.
111
C.
112
D.
113
Answer: โ111โ
43
The error of rejecting the null hypothesis when it is true is known as
A.
Type-I error
B.
Type-II error
C.
Type-III error
D.
Type-IV error
Answer: โType-I errorโ
44
In a positively skewed distribution, the mean is the median.
A.
Greater than
B.
Less than
C.
Equal to
D.
Unrelated to
Answer: โGreater thanโ
45
Which measure of dispersion describes the average deviation of each data point from the mean?
A.
Variance
B.
Standard deviation
C.
Range
D.
Coefficient of variation
Answer: โStandard deviationโ
46
The cumulative distribution function (CDF) of a random variable X is given by:
A.
F(x) = P(X โค x)
B.
F(x) = P(X โฅ x)
C.
F(x) = P(X = x)
D.
F(x) = P(X > x)
Answer: โF(x) = P(X โค x) โ
47
If random variable X follows binomial distribution with parameter n and p with mean 15 and variance 10, then the
value of mode is
A.
47/3
B.
48/3
C.
49/3
D.
46/3
Answer: โ46/3โ
48
Which of the following is a random variable?
A.
5
B.
x^2
C.
ฯ
D.
Number of heads in a coin toss
Answer: โNumber of heads in a coin tossโ
49
The exponential distribution is commonly used to model:
A.
Coin tosses
B.
Length of time between events
C.
Number of successes in a fixed interval
D.
Roll of a fair die
Answer: โLength of time between eventsโ
50
Which of the following is true about the Poisson distribution?
A.
It is a discrete distribution
B.
It has a fixed range of values
C.
It is symmetric and bell-shaped
D.
It is used to model continuous variables
Answer: โIt is a discrete distributionโ
51
Which type of frequency distribution is used for data that can be divided into classes or intervals?
A.
Uni-variate frequency distribution
B.
Bi-variate frequency distribution
C.
Continuous frequency distribution
D.
Discrete frequency distribution
Answer: โContinuous frequency distributionโ
52
A frequency polygon is obtained by:
A.
Joining the midpoints of the upper boundaries of each class in a histogram
B.
Joining the frequencies of each class in a bar diagram
C.
Joining the midpoints of the classes in a frequency distribution
D.
Joining the relative frequencies of each class in a pie diagram
Answer: โJoining the midpoints of the classes in a frequency distribution โ
53
The total sum of all the frequencies in a frequency distribution is equal to:
A.
The mean of the data
B.
The median of the data
C.
The mode of the data
D.
The total number of observations in the data set
Answer: โThe total number of observations in the data setโ
54
Which of the following graphical representations is used to represent a frequency distribution using rectangles?
A.
Bar diagram
B.
Pie diagram
C.
Line diagram
D.
Histogram
Answer: โHistogramโ
55
In a histogram, the area of each rectangle represents:
A.
The mean of the data in that class
B.
The median of the data in that class
C.
The mode of the data in that class
D.
The frequency of the corresponding class
Answer: โThe frequency of the corresponding classโ
56
Consider a uni-variate frequency distribution. In this the classification of data is based upon:
A.
Two variables
B.
One variable
C.
Mean and median
D.
Range and standard deviation
Answer: โOne variableโ
57
Rectangular bars representing the frequencies of different classes is called:
A.
Bar diagram
B.
Pie diagram
C.
Line diagram
D.
Frequency polygon
Answer: โBar diagramโ
58
As a component of bar diagram, the height of each bar represents what?
A.
The mean of the data
B.
The median of the data
C.
The mode of the data
D.
The frequency of the corresponding class
Answer: โThe frequency of the corresponding classโ
59
To calculate the median, all the items of a series have to be arranged in a/an .
A.
Descending order
B.
Ascending order
C.
Ascending or descending order
D.
None of the all mentioned
Answer: โAscending or descending orderโ
60
The values of extreme items do not influence the average for______.
A.
Mean
B.
Mode
C.
Median
D.
Sigma
Answer: โMedianโ
61
The sum of deviations from the is always zero.
A.
Median
B.
Mode
C.
Mean
D.
Sigma
Answer: โMeanโ
62
Which one of the following statements best describes the standard deviation measure?
A.
It gives us the spread of a data set.
B.
It tells how much a data set is spread from its mean.
C.
It is always greater than or equal to the mean of a data set.
D.
It is always less than mean
Answer: โIt is always greater than or equal to the mean of a data set.โ
63
What does it mean when the central tendency was stated as the median of samples?
A.
It means that the sample size is n, and the sample median represents a set of data points taken from this sample
with replacement.
B.
It means that the sample size is n, averaged to determine central tendency.
C.
It tells how much a data set is spread from its mean.
D.
It is always greater than or equal to the mean of a data set.
Answer: โIt means that the sample size is n, and the sample median represents a set of data points taken from
this sample with replacement.โ
64
The range of a data set is:
A.
The difference between the mean and median
B.
The difference between the smallest and largest values
C.
The sum of all the values in the data set
D.
The number of times each value occurs in the data set
Answer: โThe difference between the smallest and largest valuesโ
65
Which of the following measures of dispersion is affected by outliers?
A.
Range
B.
Median
C.
Mode
D.
Mean absolute deviation
Answer: โRangeโ

66
The mean absolute deviation is calculated by:
A.
Taking the absolute difference between each value and the mean, and then finding the average
B.
Taking the absolute difference between the smallest and largest values
C.
Counting the number of times each value occurs in the data set
D.
Adding all the values and dividing by the number of values
Answer: โTaking the absolute difference between each value and the mean, and then finding the averageโ
67
In a regression analysis if r 2 = 1, then
A.
SSE must also be equal to one
B.
SSE must be equal to zero
C.
SSE can be any positive value
D.
SSE must be negative
Answer: โSSE must be equal to zeroโ
68
The coefficient of correlation
A.
is the square of the coefficient of determination
B.
is the square root of the coefficient of determination
C.
is the same as r-square
D.
can never be negative
Answer: โis the square root of the coefficient of determinationโ
Answer Keys Junior Investigator Paper 1
69
“In regression analysis, the variable that is used to explain the change in the outcome of an experiment, or some
natural process, is called”
A.
the x-variable
B.
the independent variable
C.
the predictor variable
D.
all are correct
Answer: โall are correctโ
70
Suppose that you have carried out a regression analysis where the total variance in the response is 133452 and the
correlation coefficient was 0.85. The residual sums of squares is:
A.
37032.92
B.
20017.8
C.
113434.2
D.
96419.07
Answer: โ37032.92โ
71
This question is related to questions 4 and 21 above. The relationship between number of beers consumed (x) and
blood alcohol content (y) was studied in 16 male college students by using least squares regression. The following
regression equation was obtained from this study: != -0.0127 + 0.0180x Another guy, his name Dudley, has the
regression equation written on a scrap of paper in his pocket. Dudley goes out drinking and has 4 beers. He
calculates that he is under the legal limit (0.08) so he decides to drive to another bar. Unfortunately Dudley gets
pulled over and confidently submits to a road-side blood alcohol test. He scores a blood alcohol of 0.085 and gets
himself arrested. Obviously, Dudley skipped the lecture about residual variation. Dudleyโs residual is:
A.
0.005
B.
-0.005
C.
0.0257
D.
-0.0257
Answer: โ0.0257โ
72
Which of the following statements is true about the null hypothesis?
A.
Any wrong decision related to the null hypothesis results in two types of errors
B.
Any wrong decision related to the null hypothesis results in one type of an error
C.
Any wrong decision related to the null hypothesis results in four types of errors
D.
Any wrong decision related to the null hypothesis results in three types of errors
Answer: โAny wrong decision related to the null hypothesis results in two types of errors โ
73
Which of the following statements is false about the regression line?
A.
A regression line is also known as the line of the average relationship
B.
A regression line is also known as the estimating equation
C.
A regression line is also known as the prediction equation
D.
A regression line is also known as the real equation
Answer: โA regression line is also known as the real equationโ
74
Which of the following is true for white noise?
A.
Mean = 0
B.
Zero autocovariances
C.
Zero autocovariances except at lag zero
D.
All of these
Answer: โZero autocovariances except at lag zeroโ
75
The figure below shows the estimated autocorrelation and partial autocorrelations of a time series of n = 60
observations. Based on these plots, we should.
A.
Transform the data by taking logs
B.
Difference the series to obtain stationary data
C.
Fit an MA(1) model to the time series
D.
None of all mentioned
Answer: โDifference the series to obtain stationary dataโ
76
Which of the following is not an example of a time series model?
A.
Naive approach
B.
Exponential smoothing
C.
Moving Average
D.
None of all mentioned
Answer: โNone of all mentiondโ
77
Level is the mean value around which the series varies.
A.
TRUE
B.
FALSE
C.
Maybe
D.
None of these
Answer: โTRUEโ
78
_ is a technique for smoothing univariate time-series by assigning exponentially decreasing weights to
data over a time period.
A.
Walk Forward Validation
B.
Prophet Model
C.
LSTM Model
D.
Exponential Smoothing
Answer: โExponential Smoothingโ
79 Identify the language which is not context-free.
A. L = {รโฐรโฐR|รโฐรยต{0,1}*}
B. L = {a^nb^n|nรขโฐยฅ0}
C. L = {รโฐรโฐ|รโฐรยต{0,1}*}
D. L = {a^nb^mc^md^n | n, mรขโฐยฅ0 }
Answer: B). L = {a^nb^n|nรขโฐยฅ0}โ
80
Grammars that can be translated to DFAs:
A.
Left linear grammar
B.
Right linear grammar
C.
Generic grammar
D.
All of these
Answer: โRight linear grammarโ
81
The language accepted by a Pushdown Automata:
A.
Type0
B.
Type1
C.
Type2
D.
Type3
Answer: โType2โ
82
Which method compares the current time series values with a fixed base period?
A.
Ratio-to-Trend Method
B.
Ratio-to-Moving Method
C.
Link Relative Method
D.
Chain Link Method
Answer: โLink Relative Methodโ
83
What is the primary goal of methods of least squares?
A.
To minimize the sum of squared residuals
B.
To maximize the R-squared value
C.
To find the best-fit exponential curve
D.
To estimate the autoregressive parameter
Answer: โTo minimize the sum of squared residualsโ
Answer Keys Junior Investigator Paper 1
84
Let there be two newly launched phones A and B. The probability that phone A has good battery life is 0.7 and the
probability that phone B has a good battery life is 0.8. Then find the probability that a phone has good battery life.
A.
0.45
B.
0.85
C.
0.75
D.
0.65
Answer: โ0.65โ
85
Suppose box A contains 4 green and 5 black coins, and box B contains 6 green and 3 black coins. A coin is chosen at
random from box A and placed in box B. Finally, a coin is chosen at random from among those now in box B. What
is the probability a blue coin was transferred from box A to box B given that the coin chosen from box B is green?
A.
14/29
B.
15/29
C.
45206
D.
44958
Answer: โ44958โ
86
A programmer has a 95% chance of finding a bug every time she compiles his code, and it takes her three hours to
rewrite the code every time she discovers a bug. Find the probability that she will finish her program by the end of
her workday. (Assume that a workday is 9 hours)
A.
0.44
B.
0.76
C.
0.28
D.
0.37
Answer: โ0.44โ
87
In a Poisson Distribution, if ‘n’ is the number of trials and ‘p’ is the probability of success, then the mean value is
given by?
A.
m = p
B.
m = np(1-p)
C.
m = (np)2
D.
m = np
Answer: โm = (np)2โ
88
If E and F are two events such that P(E) = 0.2, P(F) = 0.6, and P(E/F) = 0.2, then the value of P(E/~F) is?
A.
0.8
B.
0.2
C.
44986
D.
0.5
Answer: โ0.5โ
89
What is the definition of probability?
A.
The study of random variables and their distributions.
B.
The likelihood of an event occurring.
C.
The analysis of data and drawing conclusions.
D.
The calculation of statistical measures.
Answer: โThe likelihood of an event occurring.โ
90
What is the importance of probability in statistics?
A.
It allows for the analysis of data and drawing conclusions.
B.
It helps in making informed decisions in uncertain situations.
C.
It provides a framework for understanding random events.
D.
All of the mentioned.
Answer: โAll of the mentioned.โ
91
What is the formula for calculating the Laspeyres price index?
A.
Laspeyres Price Index = (Current year prices / Base year prices) x 100
B.
Laspeyres Price Index = (Base year prices / Current year prices) x 100
C.
Laspeyres Price Index = (Current year quantities / Base year quantities) x 100
D.
Laspeyres Price Index = (Base year quantities / Current year quantities) x 100
Answer: โLaspeyres Price Index = (Current year prices / Base year prices) x 100โ
92
What is the formula for calculating the Paasche price index?
A.
Paasche Price Index = (Current year prices / Base year prices) x 100
B.
Paasche Price Index = (Base year prices / Current year prices) x 100
C.
Paasche Price Index = (Current year quantities / Base year quantities) x 100
D.
Paasche Price Index = (Base year quantities / Current year quantities) x 100
Answer: โPaasche Price Index = (Base year prices / Current year prices) x 100โ
93
Which method of index number construction uses a fixed set of weights based on a specific year?
A.
Simple Aggregative Method
B.
Weighted Aggregative Method
C.
Dutot’s Method
D.
Fisher’s Ideal Index Number
Answer: โDutot’s Methodโ
94
Which method of index number construction allows for changing weights over time?
A.
Simple Aggregative Method
B.
Weighted Aggregative Method
C.
Dutot’s Method
D.
Fisher’s Ideal Index Number
Answer: โWeighted Aggregative Methodโ
95
Which method of index number construction assigns equal weights to all items?
A.
Simple Aggregative Method
B.
Weighted Aggregative Method
C.
Dutot’s Method
D.
Fisher’s Ideal Index Number
Answer: โSimple Aggregative Methodโ
96
What is base shifting in the construction of index numbers?
A.
Changing the base year of an index number series to a different year
B.
Changing the method of calculation for an index number series
C.
Adjusting the weights of different items in an index number series
D.
Revising the formula used for calculating the index number
Answer: โChanging the base year of an index number series to a different yearโ
97
What is the formula for calculating the Laspeyres quantity index?
A.
Laspeyres Quantity Index = (Current year quantities / Base year quantities) x 100
B.
Laspeyres Quantity Index = (Base year quantities / Current year quantities) x 100
C.
Laspeyres Quantity Index = (Current year prices / Base year prices) x 100
D.
Laspeyres Quantity Index = (Base year prices / Current year prices) x 100
Answer: โLaspeyres Quantity Index = (Current year quantities / Base year quantities) x 100โ
98
What is the formula for calculating the Paasche quantity index?
A.
Paasche Quantity Index = (Current year quantities / Base year quantities) x 100
B.
Paasche Quantity Index = (Base year quantities / Current year quantities) x 100
C.
Paasche Quantity Index = (Current year prices / Base year prices) x 100
D.
Paasche Quantity Index = (Base year prices / Current year prices) x 100
Answer: โPaasche Quantity Index = (Base year quantities / Current year quantities) x 100 โ
99
Which index number is commonly used to measure changes in the prices of goods and services at the retail level?
A.
Consumer Price Index (CPI)
B.
Producer Price Index (PPI)
C.
Wholesale Price Index (WPI)
D.
Gross Domestic Product (GDP) Deflator
Answer: โConsumer Price Index (CPI)โ
100
Which test is used to verify the stability of an index number when the base year is changed?
A.
Time Reversal Test
B.
Factor Reversal Test
C.
Circular Test
D.
Link Relative Test
Answer: โTime Reversal Testโ
Answer Keys Junior Investigator Paper 1