Index Numbers

20 Questions | Total Attempts: 2045

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Index Numbers

Questions and Answers
  • 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

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