Question # 1

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

If we went to compare the prices of wheat then we have to compute.

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Price index number

Quantity index number

Volume index number

Both B and C

In chain base method the base period is.

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Fixed

Changed

Constant

None of these

CPI falls in the category of.

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A simple index

An aggregative

An inflationary index

Wholesale price index

Commodities subject to considerable price variation should be best measured by

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Quantity index

Price index

Value index

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

For computing chain index , we compute

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Price relative

Link relative

Weighted indices

None of these

Which is the most useful average in chain base method

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Arithmetic mean

Median

Geometric mean

Weighted arithmetic mean

Which method of construction of consumer price index number is the laspeye's index number.

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Aggregate expenditure method

Family budget method

Both a and b

None of these

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

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Laspeyres method

Marshall -Edge worth's methods

Peasche's method

Fisher's method

The changes in whole sale or retail price are studies in

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Price index numbers

Volume index numbers

Aggregate index numbers

Chain index numbers

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

The weights used in a price index are.

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Percentage of total price

Average of prices

Quantities

None of these

The index number are generally classified into ___________ types.

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Two

Four

Five

Three

Base yar weighted index number are.

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Laspeyre's

Paasche's

Fisher's

C.P.I

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

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

While dealing with price we use ----------------- as weights

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Quantity

Quality

Volume

Both (b) and (c)

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