Question # 1

The change is whole sale or retail are studied ___________

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Price index number

Quantity index number

Volume index number

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

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

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 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 consumer price index number is also called.

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The cost of living index number

The retail price index number

The wholsale price index number

Both a and b

To measrue how much the cost of some variable changes over time you would use.

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A volue inxex

An inflation index

A quantity index

None of these

The price used in the construction of consumer price index numbers are.

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The retail prices

The fixed price

Thw wholsale prices

None of these

Index number are called:

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Mathematical barometer

Economic barometer

Statistical barometer

Both A and C

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 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

Paasche's index number is:

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Simple index number

Weighted index number

Un-weighted index number

Composite index number

Index for base period is always take as.

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zero

one

200

100

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

The index numbers are generally classified into ------------- types

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two

Four

five

Three

Value of commodity can be calculate by the formula

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P_o x P_n

Price x volume

Price x quantity

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

Which of the following indices has an upward bias.

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Laspeyres' index

Paache's index

Fisher's index

None of these

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Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers

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