Question # 1

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 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 of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

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

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Quantity

Quality

Volume

Both (b) and (c)

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

Importance of commodity is its

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Quantity

Quality

Weight

Price

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

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two

Four

five

Three

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

In the price relative, the given year price is divided by the _________.

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Base year price

Current year price

Previous year price

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

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

Which index number has a wide soope

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Special

General

Price

Quantity

If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:

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100

104.1

106.2

110.2

Composite inde numebr involves commodities.

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One

Two

Three

More than one

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

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

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

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