[{"id":234913,"question":"Which method of construction of consumer price index number is the laspeye's index number.","choices":[{"text":"Aggregate expenditure method","value":"A"},{"text":"Family budget method","value":"B"},{"text":"Both a and b","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234912,"question":"The consumer price index number is also called.","choices":[{"text":"The cost of living index number","value":"A"},{"text":"The retail price index number","value":"B"},{"text":"The wholsale price index number","value":"C"},{"text":"Both a and b","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":234911,"question":"The price used in the construction of consumer price index numbers are.","choices":[{"text":"The retail prices","value":"A"},{"text":"The fixed price","value":"B"},{"text":"Thw wholsale prices","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234910,"question":"Which is the most suitabel average in chain base method.","choices":[{"text":"Arithemetic mean","value":"A"},{"text":"Median","value":"B"},{"text":"Geometric mean","value":"C"},{"text":"Weighted arithmetic mean","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":234909,"question":"Which of the following indices has an upward bias.","choices":[{"text":"Laspeyres' index","value":"A"},{"text":"Paache's index","value":"B"},{"text":"Fisher's index","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234908,"question":"Theoretically best average used in the construction of composite index in","choices":[{"text":"The arithmetic mean","value":"A"},{"text":"The geometric mean","value":"B"},{"text":"The median","value":"C"},{"text":"The harmonic mean","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":234907,"question":"Commodities subject to considerable price variation should best be measured by","choices":[{"text":"Quantity index","value":"A"},{"text":"Price index","value":"B"},{"text":"Value index","value":"C"},{"text":"None of thes","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":234906,"question":"To measrue how much the cost of some variable changes over time you would use.","choices":[{"text":"A volue inxex","value":"A"},{"text":"An inflation index","value":"B"},{"text":"A quantity index","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":234905,"question":"Commodities subject to considerable price variation should best be measured by","choices":[{"text":"Quantity index","value":"A"},{"text":"Price index","value":"B"},{"text":"Value index","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":234904,"question":"Circular test is satisfied by","choices":[{"text":"Laspeyres index","value":"A"},{"text":"Paasche's index","value":"B"},{"text":"Fisher's method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":234903,"question":"Which of the followingindices satisfies both the time reversal and factor reversal tests.","choices":[{"text":"Fisher's method","value":"A"},{"text":"Paasche's method","value":"B"},{"text":"Laspeyres method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234902,"question":"Which of the followingindices satisfies both the time reversal and factor reversal tests.","choices":[{"text":"Fisher's method","value":"A"},{"text":"Paasche's method","value":"B"},{"text":"Laspeyres method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234901,"question":"Which of the followingindices satisfies both the time reversal and factor reversal tests.","choices":[{"text":"Fisher's method","value":"A"},{"text":"Paasche's method","value":"B"},{"text":"Laspeyres method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234900,"question":"Which of the followingindices satisfies both the time reversal and factor reversal tests.","choices":[{"text":"Fisher's method","value":"A"},{"text":"Paasche's method","value":"B"},{"text":"Laspeyres method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":234899,"question":"Which of the following methods uses quantities consumed in the current period when computing a weighted index.","choices":[{"text":"Laspeyres' method","value":"A"},{"text":"Paache's method","value":"B"},{"text":"Fisher's method","value":"C"},{"text":"Marshall -Edge worth's method","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":234898,"question":"Which of the following indices satisfies both the time reversal and factor reveral tests.","choices":[{"text":"Laspeyres' index","value":"A"},{"text":"Fisher's index","value":"B"},{"text":"Paasche's index","value":"C"},{"text":"Marshall -edge worth","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":234897,"question":"Which of the following methods uses quantities consumed in the base period when computing a weighted index.","choices":[{"text":"Laspeyree'method","value":"A"},{"text":"Paasche's method","value":"B"},{"text":"Fisher's method","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1}]