Question # 1

Both quantities and prices are used in

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Link relatives

Chain relatives

Average of relatives

Aggregative index numbers

Paasche's index number is:

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Simple index number

Weighted index number

Un-weighted index number

Composite index number

The most suitable average for computing of index number is:

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A.M

G.M

Median

H.M

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

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

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Weighted

Simple

Un weighted

None of these

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

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Laspeyree'method

Paasche's method

Fisher's method

None of these

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

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Weighted index number

Un-weighted index

Both A and B

Average

The volume or quantity of goods are compared by

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Price index numbers

Relative index numbers

Volume index numbers

Paasche's index

Index number of the year text to the base year can be shown as

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Q_n

Q_on

Q₀₁

Q_oi

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 of the following indices has an upward bias.

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Laspeyres' index

Paache's index

Fisher's index

None of these

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

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two

Four

five

Three

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The Laspeyres index

The Paasches index

The value index

None of these

The change is whole sale or retail are studied ___________

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Price index number

Quantity index number

Volume index number

None of these

Value of commodity can be calculate by the formula

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P_o x P_n

Price x volume

Price x quantity

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

Importance of commodity is its

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Quantity

Quality

Weight

Price

Which index numbers are used to measure the buying power of the money

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Wholesale Price index number

Money index number

Simple index number

Price index number

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Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers

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