Question # 1

Theoretically best average used in the construction of composite index in

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The arithmetic mean

The geometric mean

The median

The harmonic mean

In fixed base method, the base period should be.

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Far away

Normal

Un reliable

Abnormal

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

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100

200

Zero

1000

An index that measures the change for a fixed time period is called.

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Chain base method

Fixed base method

Simple aggregative method

Cost of living method

Which index numbers are used to measure the buying power of the money

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Wholesale Price index number

Money index number

Simple index number

Price index number

the base period can be described as a normal period if

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it is neither the peak nor the trough of a fluctuation

It is the most recent period for which we have data

It is the average of several consecutive pariods

None of these

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

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Laspeyres' method

Paache's method

Fisher's method

Marshall -Edge worth's method

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

Both quantities and prices are used in

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Link relatives

Chain relatives

Average of relatives

Aggregative index numbers

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

When the base year values are used as weights, the weighted average of relatives price index is the same as.

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the paache's index

The laspeyres index

The unweighted average of relatives price index

None of these

Which of the followingindices satisfies both the time reversal and factor reversal tests.

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Fisher's method

Paasche's method

Laspeyres method

None of these

If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:

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100

104.1

106.2

110.2

Price relatives is a ratio of current year price and.

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Base year quantity

Previous year quantity

Base year price

Current year quantity

Link relataives can be obtained dividing Pn by

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Po

P n-1

qo

qn-1

Which of the followingindices satisfies both the time reversal and factor reversal tests.

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Fisher's method

Paasche's method

Laspeyres method

None of these

Which index number has a wide soope

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Special

General

Price

Quantity

If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.

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90.0

13.75

880

110

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