Question # 1

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

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of thes

When all the commodities are not of equal importance, the index numbers are called.

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Simple

Weighted

Value

Un weighted

In fixed base method, the base period should be.

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Far away

Normal

Un reliable

Abnormal

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 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

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

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

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value 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

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

How many basic types of index numbers.

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2

3

4

5

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

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two

Four

five

Three

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 is the most suitabel average in chain base method.

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Arithemetic mean

Median

Geometric mean

Weighted arithmetic mean

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

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 number has a wide soope

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Special

General

Price

Quantity

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