Question # 1

Value of commodity can be calculate by the formula

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P_o x P_n

Price x volume

Price x quantity

Geometric mean is a suitable average in ______ method.

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Price index

Chanin bases

Quantity index

Index mean

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

Index number of the year text to the base year can be shown as

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Q_n

Q_on

Q₀₁

Q_oi

Which of the following price indices are prepared by Federal Bureau of Statistics.

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Wholesale price index

Consumer price index

Sensitive price indicator

All 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 base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

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

Base yar weighted index number are.

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Laspeyre's

Paasche's

Fisher's

C.P.I

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

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

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The Laspeyres index

The Paasches index

The value index

None of these

The volume or quantity of goods are compared by_______

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Price index number

Volume index number

Quantity

None of these

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

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two

Four

five

Three

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

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

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

The weights used in a price index are.

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Percentage of total price

Average of prices

Quantities

None of these

Paasche's index number is:

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Simple index number

Weighted index number

Un-weighted index number

Composite index number

Commodities subject to considerable price variation should be best 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

If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.

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The values are multiplied together.

The largest values is found

The valeus are averaged

None of them

Laspeyres index number is also called as:

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Base year weight index number

Current year weight index number

Ideal index number

Fisher index number

In a fixed base method which period is taken always 100

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Preceding

Following

Base

Current

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