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MCQs

Total Questions : 62 | Page 2 of 7 pages
Question 11. Fisher’s method of calculating the index number is based on the _______.
  1.    Geometric mean
  2.    Arithmetic mean
  3.    Harmonic mean
  4.    None of the above
 Discuss Question
Answer: Option A. -> Geometric mean


Question 12. What is the name of the monthly price index that takes price changes in consumer goods and services and uses it to determine changes in the price of those products over a period of time?
  1.    Wholesale price index
  2.    Consumer price index
  3.    Paasche’s index
  4.    None of the above
 Discuss Question
Answer: Option B. -> Consumer price index


Question 13. Which of the following is the index that is used to measure changes in total money value?
  1.    Value index
  2.    Price index
  3.    Quantity index
  4.    None of the above
 Discuss Question
Answer: Option A. -> Value index


Question 14. Commodities that show considerable price fluctuations can be measured by a ________.
  1.    Value index
  2.    Price index
  3.    Quantity index
  4.    None of the above
 Discuss Question
Answer: Option C. -> Quantity index


Question 15. The purchasing power of money is ________.
  1.    Not equal to the price index number
  2.    Reciprocal of the price index number
  3.    Equal to the price index number
  4.    None of the above
 Discuss Question
Answer: Option B. -> Reciprocal of the price index number


Question 16. Index number for base year is always considered as------
  1.    100
  2.    101
  3.    201
  4.    1000
 Discuss Question
Answer: Option A. -> 100


Question 17. Index number is a special type of ----------
  1.    Average
  2.    dispersion
  3.    correlation
  4.    None of the above
 Discuss Question
Answer: Option A. -> Average


Question 18. Index number is always expressed in ----------
  1.    Percentage
  2.    ratio
  3.    proportion
  4.    None of the above
 Discuss Question
Answer: Option A. -> Percentage


Question 19. Index number is also called as-----------
  1.    Economic barometer
  2.    Parameter
  3.    Constant
  4.    None of the above
 Discuss Question
Answer: Option A. -> Economic barometer


Question 20. Which index number is called as ideal index numbr
  1.    Lasperys
  2.    Paasches
  3.    Fisher
  4.    None of the above
 Discuss Question
Answer: Option C. -> Fisher


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