# Index Numbers

20 Questions | Total Attempts: 2045  Settings  • 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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