26. Fisher’s ideal index number is –

A. The arithmetic mean of Laspeyres and Paasche’s index

B. The harmonic mean of Laspeyres and Paasche’s index

C. The geometric mean of Laspeyres and Paasche’s index

D. None of the above

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Correct Answer is C

27. Coefficient of Correlation (r) is significant, if –

A. r > 5 times Probable Error

B. r < 6 times Probable Error

C. r > 6 times Probable Error

D. r = 6 times Probable Error

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Correct Answer is C

Read Also: Indian Geography Objective Questions with Answers

28. Which among the following statements is incorrect?

A. Coefficient of correlation can be computed directly from the data without measuring the deviation

B. Measures of Dispersion are also called averages of the second order

C. Standard deviation can be negative

D. The mean deviation can never be negative.

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Correct Answer is C

29. Reserve bank of India was established on?

A. 1st April 1935

B. 1st April 1936

C. 1st April 1937

D. 1st April 1938

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Correct Answer is A

The Reserve bank of India was established on 1st April 1935.

It was nationalized on 1st January 1949.

30. Banking regulation act was passed in?

A. 1947

B. 1948

C. 1949

D. 1950

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Correct Answer is C

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