Index Numbers
- 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.
- ProProfs]( "Price relative is equal to
Options:
A.
B.
C.
D.")
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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