Question # 1

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

Theoretically best average used in the construction of composite index in

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The arithmetic mean

The geometric mean

The median

The harmonic mean

Geometric mean of the relative is.

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Reversible

None - Reversible

Both A and B

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

Composite inde numebr involves commodities.

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One

Two

Three

More than one

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

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

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

In a fixed base method which period is taken always 100

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Preceding

Following

Base

Current

The changes in whole sale or retail price are studies in

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Price index numbers

Volume index numbers

Aggregate index numbers

Chain index numbers

Value of commodity can be calculate by the formula

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P_o x P_n

Price x volume

Price x quantity

Both quantities and prices are used in:

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Link relatives

Chain relatives

Average of relatives

Aggregative index number

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

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Laspeyres index

The paasche's index

The value index

None of these

Link relataives can be obtained dividing Pn by

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Po

P n-1

qo

qn-1

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 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

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