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

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

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Weighted

Simple

Un weighted

None of these

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

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

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

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

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

In a fixed base method which period is taken always 100

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Preceding

Following

Base

Current

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

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

Geometric mean is a suitable average in ______ method.

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Price index

Chanin bases

Quantity index

Index mean

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

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100

200

Zero

1000

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of thes

While dealing with price we use ----------------- as weights

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Quantity

Quality

Volume

Both (b) and (c)

Which of the following indices has an upward bias.

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Laspeyres' index

Paache's index

Fisher's index

None of these

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

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

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