Question # 1

Paasche's index number is:

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Simple index number

Weighted index number

Un-weighted index number

Composite index number

When all the commodities are not of equal importance, the index numbers are called.

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Simple

Weighted

Value

Un weighted

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

Importance of commodity is its

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Quantity

Quality

Weight

Price

Which is the most suitabel average in chain base method.

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Arithemetic mean

Median

Geometric mean

Weighted arithmetic mean

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

Price of commodity in current year can be represented as

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P_oi

P_on

P_n

P_i

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

The base period in fixed bases should be________

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A normal year

Abnormal year

Special

General

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

Commodities subject to considerable price variation should best be measured by

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Quantity index

Price index

Value index

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

The most suitable average for computing of index number is:

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A.M

G.M

Median

H.M

In fixed base method, the base period should be.

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Far away

Normal

Un reliable

Abnormal

The weights used in a quantity index are

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Percentage of total quantity

Prices

Average of quantities

None of these

Commodities subject to considerable price variation should be best measured by

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Quantity index

Price index

Value index

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

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