Question # 1

The general purchasing power of the currency of a country is determined by.

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Simpel index

Whole sale price index

Composite index

Volume index

The index numbers are calculated in.

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Ratios

Percentages

Decimal

Fractions

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

Laspeyre's index number is also called.

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Current year weighted index number

Base year weighted inxed number

Ideal index number

None of above

Fisher index number is the G.M. of the.

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Marshall Edgeworth index number

Liaspeyre's and Paasche's index number

Laspeyre's index number

Paasche's index number

The number of commodities in the construction of whole sale index should between 20 to 50, according to.

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Fisher

Marshall

Edgeworth

Paasche's

Base year quantities are used as weights in.

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Paasche's index number

fisher's index number

Marshall Edgeworth index number

Lespeyre's index number

If all the values of equal importance, the index numbers are called.

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Unweighted

Weighted

Simple

Value index

The general purchasing power of currency is determined by.

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Volume index

Composite index

Whole sale price index

Retail price index

Geometric mean of the relatives is.

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Non -reversible

Reversible

Both a and b

None of above

A normal year shuld be free from.

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Floods

Strikes

War

All of above

Index for base period is always taken as.

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50

100

120

200

In chain base method, the base period is.

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Constant

Fixed

Not fixed

None of these

Consumer price index numbers are obtained by.

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Fisher's ideal formula

Marshall Edgeworth's formula

Paasche's formula

Laspayre's formula

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Business Statistics Icom Part 2 English Medium Chapter 4 Online Test MCQs With Answers

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