Question # 1

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

CPI falls in the category of.

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A simple index

An aggregative

An inflationary index

Wholesale price index

Which method of construction of consumer price index number is the laspeye's index number.

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Aggregate expenditure method

Family budget method

Both a and b

None of these

An index having a wide scope is called:

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Price index number

General purpose index number

Special purpose index number

None of these

Which is the most useful average in chain base method

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Arithmetic mean

Median

Geometric mean

Weighted arithmetic mean

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 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

Price relatives is a ratio of current year price and.

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Base year quantity

Previous year quantity

Base year price

Current year quantity

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

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

Index number are called:

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Mathematical barometer

Economic barometer

Statistical barometer

Both A and C

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

If we went to compare the prices of wheat then we have to compute.

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Price index number

Quantity index number

Volume index number

Both B and C

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 base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

If all the values considered in calculating an inxed are of equal importance, teh index is.

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Weighted

Simple

Un weighted

None of these

The most suitable average for computing of index number is:

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A.M

G.M

Median

H.M

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