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MCQs

Total Questions : 62 | Page 3 of 7 pages
Question 21. In Lasperys price index number weight is considered as---------
  1.    quantity in base year
  2.    quantity during current year
  3.    prices in base year
  4.    prices in current year
 Discuss Question
Answer: Option A. -> quantity in base year


Question 22. In Paasches price index number weight is considered as--------
  1.    quantity in base year
  2.    quantity in current year
  3.    prices in base year
  4.    prices in current year
 Discuss Question
Answer: Option B. -> quantity in current year


Question 23. Fishers price index number is the ------
  1.    A.M. of Lasperys and Paasches I.N
  2.    G.M. of Lasperys and Paasches I.N
  3.    Difference between Lasperys and Paasches I.N
  4.    None of the above
 Discuss Question
Answer: Option B. -> G.M. of Lasperys and Paasches I.N


Question 24. A period for which index number is determined is called as -----
  1.    current period
  2.    base period
  3.    Normal period
  4.    None of the above
 Discuss Question
Answer: Option A. -> current period


Question 25. The period of comparison or with respect to which index number is determined is called as---
  1.    base period
  2.    current period
  3.    Normal period
  4.    None of the above
 Discuss Question
Answer: Option A. -> base period


Question 26. An index number is called a simple index when it is computed from:
  1.    Single variable
  2.    Bi-variable
  3.    Multiple variables
  4.    None of them
 Discuss Question
Answer: Option A. -> Single variable


Question 27. If all the values are of equal importance, the index numbers are called:
  1.    Weighted
  2.    Unweighted
  3.    Composite
  4.    Value index
 Discuss Question
Answer: Option B. -> Unweighted


Question 28. Index numbers can be used for:
  1.    Forecasting
  2.    Fixed prices
  3.    Different prices
  4.    Constant prices
 Discuss Question
Answer: Option A. -> Forecasting


Question 29. When the prices of rice are to be compared, we compute:
  1.    Volume index
  2.    Value index
  3.    Price index
  4.    Aggregative index
 Discuss Question
Answer: Option C. -> Price index


Question 30. Price relatives are a percentage ratio of current year price and:
  1.    Base year quantity
  2.    Previous year quantity
  3.    Base year price
  4.    Current year quantity
 Discuss Question
Answer: Option C. -> Base year price


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