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

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

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 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

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

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of thes

Base yar weighted index number are.

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Laspeyre's

Paasche's

Fisher's

C.P.I

To measrue how much the cost of some variable changes over time you would use.

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A volue inxex

An inflation index

A quantity index

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

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

For computing chain index , we compute

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Price relative

Link relative

Weighted indices

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

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

Paasche's index is also called

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Consumer price index

Current year price

Simple index

Cost of consumption

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 ofthe following methods uses quantities consumed in the current period when computing a weighted index.

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Laspeyres method

Marshall -Edge worth's methods

Peasche's method

Fisher's method

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

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

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Statistics Ics Part 1 Chapter 5 Online Test MCQs With Answers

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