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

Which of the following indices satisfies both the time reversal and factor reveral tests.

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Laspeyres' index

Fisher's index

Paasche's index

Marshall -edge worth

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 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

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

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

Index number are called:

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Mathematical barometer

Economic barometer

Statistical barometer

Both A and C

Both quantities and prices are used in

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Link relatives

Chain relatives

Average of relatives

Aggregative index numbers

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

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

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

the base period can be described as a normal period if

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it is neither the peak nor the trough of a fluctuation

It is the most recent period for which we have data

It is the average of several consecutive pariods

None of these

Circular test is satisfied by

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Laspeyres index

Paasche's index

Fisher's 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

Link relataives can be obtained dividing Pn by

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Po

P n-1

qo

qn-1

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 consumer price index number is also called.

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The cost of living index number

The retail price index number

The wholsale price index number

Both a and b

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

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two

Four

five

Three

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