Question # 1

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

The prices of rice are compared by.

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Weighted index

Simple index

Composite index

Compound index

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

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Unweighted

Weighted

Simple

Value index

In fixed base method the base period should be.

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Normal year

Abnormal year

Fluctuatingyear

Both b and c

An index number having a wide scope is caled.

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Special purpose inded number

Price index number

General purpose index number

Quantity index number

In chain base method, the base period is.

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Constant

Fixed

Not fixed

None of these

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 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

If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.

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104.1

111

100

110.2

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

Index numbers are called.

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Economic barometers

Mathematical barometers

Statistical barometers

Scientific barometers

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

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

Index number calculated by Fisher's formula is ideal because it satisfies.

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Factor reversal test

Time reversal test

Circular test

All of above

Price relaties computed by chain base method is called.

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Link relatives

Value inded

Simple relatives

Price relatives

The most suitable average for computation of index numbers is.

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G.M

Median

A.M

Mode

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

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

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