Question # 1

An index having a wide scope is called:

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Price index number

General purpose index number

Special purpose index number

None of these

The weights used in a price index are.

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Percentage of total price

Average of prices

Quantities

None of these

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

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Laspeyree'method

Paasche's method

Fisher's method

None of these

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of thes

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

Which is the most useful average in chain base method

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Arithmetic mean

Median

Geometric mean

Weighted arithmetic mean

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

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Laspeyres index

The paasche's index

The value index

None of these

In the price relative, the given year price is divided by the _________.

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Base year price

Current year price

Previous year price

None of these

Which is the most suitabel average in chain base method.

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Arithemetic mean

Median

Geometric mean

Weighted arithmetic mean

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

Consumer price indexis obtained by.

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Paache's formula

Marshall Edgeworth formula

Fisher's ideal formula

Family Budget Method formula

If all the values considered in calculating an inxed are of equal importance, teh index is.

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Weighted

Simple

Un weighted

None of these

Geometric mean of the relative is.

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Reversible

None - Reversible

Both A and B

None of these

If all values considered in calculating an index are of equal importance, the index is

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Weighted

Simple

Un weighted

None of these

CPI falls in the category of.

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A simple index

An aggregative

An inflationary index

Wholesale price index

How many basic types of index numbers.

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2

3

4

5

Commodities subject to considerable price variation should be best measured by

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Quantity index

Price index

Value index

None of these

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