The post is about McQs on Index Numbers Quiz with Answers. There are 20 multiple-choice questions covering index numbers, price index numbers, weighted index numbers, and chain-based methods. Let us start with MCQs on the Index Numbers Quiz.

MCQs about Index Numbers

### MCQs on Index Numbers Quiz

- All values of equal importance are used in calculating an index, the index is called:
- The Basic types of index numbers are:
- The weights used in a quantity index are:
- A relative obtained by dividing the price in a given year price in the base year and expressed as a percentage is called:
- A relative obtained by dividing the price in a given year by the price in the proceeding year and expressed as a percentage is called:
- In simple price index numbers, the base period is
- In chain base methods the base period is:
- For calculating weighted index numbers, which of the following methods are useful quantities consumed in the base period as weight:
- $P_{on} = \frac{\Sigma p_n q_n}{\Sigma p_0 q_n}\times 100$ is the formula of:
- The time reversal test is satisfied by
- The index number for the base year is
- An index number that can serve many purposes is called
- The index numbers used to measure the changes in the price of commodities is called
- Consumer’s price index numbers are calculated by:
- The variation in two or more variables studied by the index is called:
- In Laspeyre’s Price Index, the quantities use weight related to
- Commodities subject to considerable price variations can best be measured by a
- The weights used in a quantity index are
- Theoretically best average used in the construction of a composite index is
- Which of the following price indices are prepared by the Federal Bureau of Statistics?