Question # 1

Price relaties computed by chain base method is called.

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Link relatives

Value inded

Simple relatives

Price relatives

Index numbers are divided into following tow types.

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Un- weighted and weighted index numbers

Simple and un-weighted index numbers

Price and quantity index numbers

Simple and composite index numbers

When the price of a year is divided by the price of the preceding year we get.

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Price index

simple relative

Link relative

Value index

Geometric mean of the relatives is.

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Non -reversible

Reversible

Both a and b

None of above

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

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

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Unweighted

Weighted

Simple

Value index

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

When the price of the year is divided by the price of a particular year we get.

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Price relative

Link relatives

Simple relatives

All of the above

Which of the following is called an ideal index number.

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Paasche's index number

Laspeyre's index number

Marshal's index number

Fisher's index number

If all the value are not of equal importance , the index number of called.

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Weighted

Un weighted

Composite

Simple

Paasche's index number is called.

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Composite index number

Simple index number

Un weighted index number

None of above

A normal year shuld be free from.

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Floods

Strikes

War

All of above

The index numbers are calculated in.

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Ratios

Percentages

Decimal

Fractions

An index number is called a simple index when it is computed from.

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Multiple variables

Bi. variables

Single variable

All of above

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

The most suitable average for computation of index numbers is.

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G.M

Median

A.M

Mode

WPI stand for.

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Whole sale price index

Whole price index

Wider price index

Weighted price index

In chain base method, the base period is.

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Constant

Fixed

Not fixed

None of these

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

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