Index Numbers

44 Questions | By Sweetsalman123 | Last updated: Mar 21, 2022 | Total Attempts: 2324

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1.

A series of numerical figures which show the relative position is called
- A.
  
  Index no.
- B.
  
  Relative no.
- C.
  
  Absolute no.
- D.
  
  None
2.

Index no. for the base peroid is always taken as
- A.
  
  200
- B.
  
  50
- C.
  
  1
- D.
  
  100
3.

____________ play a very important part in the construction of index nos.
- A.
  
  Weights
- B.
  
  Classes
- C.
  
  Estimations
- D.
  
  None
4.

_______________ is particularly suitable for the construction of index nos.
- A.
  
  H.M.
- B.
  
  A.M.
- C.
  
  G.M.
- D.
  
  None
5.

Index nos. show_________ changes rather than absolute amounts of change.
- A.
  
  Relative
- B.
  
  Percentage
- C.
  
  Both
- D.
  
  None
6.

The ___________ makes index nos. time-reversible.
- A.
  
  A.M.
- B.
  
  G.M.
- C.
  
  H.M.
- D.
  
  None
7.

Price relative is equal to Options: A. B. C. D.
- A.
  
  A
- B.
  
  B
- C.
  
  C
- D.
  
  D
8.

Index no.is equal to
- A.
  
  Sum of price relatives
- B.
  
  Average of the price relatives
- C.
  
  Product of price relative
- D.
  
  None
9.

The________ of group indices given the General Index
- A.
  
  H.M.
- B.
  
  G.M.
- C.
  
  A.M.
- D.
  
  None
10.

Circular Test is one of the tests of
- A.
  
  Index nos.
- B.
  
  Hypothesis
- C.
  
  Both
- D.
  
  None
11.

____________ is an extension of time reversal test
- A.
  
  Factor Reversal test
- B.
  
  Circular test
- C.
  
  Both
- D.
  
  None
12.

Weighted G.M. of relative formula satisfy ____________ test
- A.
  
  Time Reversal Test
- B.
  
  Circular test
- C.
  
  Factor Reversal Test
- D.
  
  None
13.

Factor Reversal test is satisfied by
- A.
  
  Fisher's Ideal Index
- B.
  
  Laspeyres Index
- C.
  
  Paasches Index
- D.
  
  None
14.

Laspeyre's formula does not obey
- A.
  
  Factor Reversal Test
- B.
  
  Time Reversal Test
- C.
  
  Circular Test
- D.
  
  None
15.

A ratio or an average of ratios expressed as a percentage is called
- A.
  
  A relative no.
- B.
  
  An absolute no.
- C.
  
  An index no.
- D.
  
  None
16.

The value at the base time period serves as the standard point of comparison
- A.
  
  False
- B.
  
  True
- C.
  
  Both
- D.
  
  None
17.

An index time series is a list of_______ nos. for two or more periods of time
- A.
  
  Index
- B.
  
  Absolute
- C.
  
  Relative
- D.
  
  None
18.

Index nos. are often constructed from the
- A.
  
  Frequency
- B.
  
  Class
- C.
  
  Sample
- D.
  
  None
19.

____________ is a point of reference in comparing various data describing individual behaviour
- A.
  
  Sample
- B.
  
  Base period
- C.
  
  Estimation
- D.
  
  None
20.

The ratio of price of single commodity in a given period to its price in another period is called the
- A.
  
  Base period
- B.
  
  Price ratio
- C.
  
  Relative price
- D.
  
  None
21.

When the product of price index and the quantity index is equal to the corresponding value index then
- A.
  
  Unit Test
- B.
  
  Time Reversal Test
- C.
  
  Factor Reversal Test
- D.
  
  None holds
22.

The formula should be independent of the unit in which or for which price and quantities are quoted in
- A.
  
  Unit Test
- B.
  
  Time Reversal Test
- C.
  
  Factor Reversal Test
- D.
  
  None
23.

Laspeyre's method and Paasche's method do not satisfy
- A.
  
  Unit Test
- B.
  
  Time Reversal Test
- C.
  
  Factor Reversal Test
- D.
  
  None
24.

The purpose determines the type of index no. to use
- A.
  
  Yes
- B.
  
  No
- C.
  
  May be
- D.
  
  May not be
25.

The index no. is a special type of average
- A.
  
  False
- B.
  
  True
- C.
  
  Both
- D.
  
  None