Question # 1

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

The prices of rice are compared by.

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Weighted index

Simple index

Composite index

Compound index

In fixed base method the base period should be.

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Normal year

Abnormal year

Fluctuatingyear

Both b and c

Aggregative expenditure method and family budget method always give.

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Approximate results

Same results

Antonymous results

Different results

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

Laspeyre's index number is also called.

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Current year weighted index number

Base year weighted inxed number

Ideal index number

None of above

Marshall Edgeworth price index was proposed by.

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Two english economist

Two English mathematician

Three English economist

the English Scientist

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

Geometric mean of the relatives is.

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Non -reversible

Reversible

Both a and b

None of above

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

WPI stand for.

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Whole sale price index

Whole price index

Wider price index

Weighted price index

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

The index numbers are calculated in.

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Ratios

Percentages

Decimal

Fractions

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

In chain base method, the base period is.

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Constant

Fixed

Not fixed

None of these

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

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Price index

simple relative

Link relative

Value index

Which of the following is called an ideal index number.

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Paasche's index number

Laspeyre's index number

Marshal's index number

Fisher's index number

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

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Weighted

Un weighted

Composite

Simple

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

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