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MCQs

Total Questions : 62 | Page 6 of 7 pages
Question 51. Laspeyre's price index number is also called:
  1.    Base year weighted
  2.    Current year weighted
  3.    Cost of living index
  4.    Simple aggregative index
 Discuss Question
Answer: Option A. -> Base year weighted


Question 52. Index number calculated by Fisher's formula is ideal because it satisfy:
  1.    Circular test
  2.    Factor reversal test
  3.    Time reversal test
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above


Question 53. Price Index Numbers measures the changes in?
  1.    relative changes in prices of commodities between two periods
  2.    Physical quantity of goods produced
  3.    single variable
  4.    None of the Above
 Discuss Question
Answer: Option A. -> relative changes in prices of commodities between two periods


Question 54. Paasche's Formula is the type of ______?
  1.    Weighted Aggregative Formula
  2.    Weighted Average Relative
  3.    Both A & B
  4.    None of the Above
 Discuss Question
Answer: Option A. -> Weighted Aggregative Formula


Question 55. Index Numbers may be categorized in terms of ___?
  1.    variables
  2.    constants
  3.    numbers
  4.    All of the Above
 Discuss Question
Answer: Option A. -> variables


Question 56. Which of the following is useful to calculate Dearness allowances of employee?
  1.    correlation
  2.    regression
  3.    Index Number
  4.    None of the above
 Discuss Question
Answer: Option C. -> Index Number


Question 57. Which is the one of the problem in the construction of index number?
  1.    purpose of index number
  2.    big formula
  3.    tedious job
  4.    None of the above
 Discuss Question
Answer: Option A. -> purpose of index number


Question 58. If price index of base year with respect to current year is 125 then what it means?
  1.    125% of prices increased in current year as compared to base year
  2.    25% of prices increased in current year as compared to base year
  3.    100% of prices increased in current year as compared to base year
  4.    None of the above
 Discuss Question
Answer: Option B. -> 25% of prices increased in current year as compared to base year


Question 59. Which is the best suitable measure of central tendency to construct index number?
  1.    A.M.
  2.    G.M
  3.    H.M
  4.    Median
 Discuss Question
Answer: Option C. -> H.M


Question 60. Which one of the following is not the problems in the construction Index Number
  1.    selection of base period
  2.    purpose of Index Number
  3.    Selection of weight
  4.    Selection of proper scale
 Discuss Question
Answer: Option D. -> Selection of proper scale


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