Question # 1

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

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

Link relataives can be obtained dividing Pn by

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Po

P n-1

qo

qn-1

The index number are generally classified into ___________ types.

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Two

Four

Five

Three

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

Which of the following price indices are prepared by Federal Bureau of Statistics.

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Wholesale price index

Consumer price index

Sensitive price indicator

All of these

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

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

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

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

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

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 index number has a wide soope

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Special

General

Price

Quantity

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

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

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Laspeyres index

The paasche's index

The value index

None of these

Composite inde numebr involves commodities.

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One

Two

Three

More than one

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

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Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers

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