Question # 1

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

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

None of these

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

For computing chain index , we compute

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Price relative

Link relative

Weighted indices

None of these

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

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 is the most suitabel average in chain base method.

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Arithemetic mean

Median

Geometric mean

Weighted arithmetic mean

The base period in fixed base should be

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Current year

Normal year

Highest year

Lowest year

Geometric mean of the relative is.

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Reversible

None - Reversible

Both A and B

None of these

Circular test is satisfied by

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Laspeyres index

Paasche's index

Fisher's method

None of these

When the base year values are used as weights, the weighted average of relatives price index is the same as.

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the paache's index

The laspeyres index

The unweighted average of relatives price index

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

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 following indices has an upward bias.

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Laspeyres' index

Paache's index

Fisher's index

None of these

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

Importance of commodity is its

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Quantity

Quality

Weight

Price

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