Question # 1

Consumer price index numbers are obtained by.

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Fisher's ideal formula

Marshall Edgeworth's formula

Paasche's formula

Laspayre's formula

When the price of the year is divided by the price of a particular year we get.

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Price relative

Link relatives

Simple relatives

All of the above

If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.

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104.1

111

100

110.2

If all the value are not of equal importance , the index number of called.

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Weighted

Un weighted

Composite

Simple

The general purchasing power of the currency of a country is determined by.

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Simpel index

Whole sale price index

Composite index

Volume index

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

Paasche's index number is called.

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Composite index number

Simple index number

Un weighted index number

None of above

A normal year shuld be free from.

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Floods

Strikes

War

All of above

Index numbers are divided into following tow types.

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Un- weighted and weighted index numbers

Simple and un-weighted index numbers

Price and quantity index numbers

Simple and composite index numbers

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

Geometric mean of the relatives is.

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Non -reversible

Reversible

Both a and b

None of above

An index number is called a simple index when it is computed from.

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Multiple variables

Bi. variables

Single variable

All of above

Index number calculated by Fisher's formula is ideal because it satisfies.

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Factor reversal test

Time reversal test

Circular test

All of above

In chain base method, the base period is.

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Constant

Fixed

Not fixed

None of these

Index numbers are called.

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Economic barometers

Mathematical barometers

Statistical barometers

Scientific barometers

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Business Statistics Icom Part 2 English Medium Chapter 4 Online Test MCQs With Answers

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