Question # 1

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

WPI stand for.

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Whole sale price index

Whole price index

Wider price index

Weighted price index

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

An index number calculated for more than on items is called.

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Simple index number

Compound index number

composite index number

Relative index number

The prices of rice are compared by.

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Weighted index

Simple index

Composite index

Compound index

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

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

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Unweighted

Weighted

Simple

Value index

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

Index for base period is always taken as.

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50

100

120

200

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

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

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

In fixed base method the base period should be.

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Normal year

Abnormal year

Fluctuatingyear

Both b and c

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

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

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

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