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MCQs

Total Questions : 62 | Page 4 of 7 pages
Question 31. An index number that can serve many purposes is called:
  1.    General purpose index
  2.    Special purpose index
  3.    Cost of living index
  4.    None of them
 Discuss Question
Answer: Option A. -> General purpose index


Question 32. Another name of consumer's price index number is:
  1.    Whole-sale price index number
  2.    Cost of living index
  3.    Sensitive
  4.    Composite
 Discuss Question
Answer: Option B. -> Cost of living index


Question 33. Purchasing power of money can be accessed through:
  1.    Simple index
  2.    Fisher’s index
  3.    Consumer price index
  4.    Volume index
 Discuss Question
Answer: Option C. -> Consumer price index


Question 34. Cost of living at two different cities can be compared with the help of:
  1.    Value index
  2.    Consumer price index
  3.    Volume index
  4.    Un-weighted index
 Discuss Question
Answer: Option B. -> Consumer price index


Question 35. Consumer price index numbers are obtained by:
  1.    Laspeyre's formula
  2.    Fisher ideal formula
  3.    Marshall Edgeworth formula
  4.    Paasche's formula
 Discuss Question
Answer: Option A. -> Laspeyre's formula


Question 36. Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:
  1.    110
  2.    108
  3.    100
  4.    109
 Discuss Question
Answer: Option D. -> 109


Question 37. Most commonly used index number is:
  1.    Volume index number
  2.    Value index number
  3.    Price index number
  4.    Simple index number
 Discuss Question
Answer: Option C. -> Price index number


Question 38. Consumer price index is obtained by:
  1.    Paasche's formula
  2.    Fisher's ideal formula
  3.    Marshall Edgeworth formula
  4.    Family budget method formula
 Discuss Question
Answer: Option D. -> Family budget method formula


Question 39. The aggregative expenditure method and family budget method always give:
  1.    Different results
  2.    Approximate results
  3.    same results
  4.    None of them
 Discuss Question
Answer: Option C. -> same results


Question 40. If all the values are not of equal importance the index number is called:
  1.    Simple
  2.    Unweighted
  3.    Weighted
  4.    None
 Discuss Question
Answer: Option C. -> Weighted


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