The post is about the MCQs Index Number Test. There are 20 multiple-choice questions covering topics related to the construction of index numbers, average and aggregate index numbers, simple index numbers, weighted index numbers, price relative index numbers, and chain base methods. Let us start with the MCQs Index Number Test.
Online Multiple Choice Questions about Index Numbers
Online MCQs Index Number Test
- How many steps are involved in the construction of the index number of prices:
- The circular test is satisfied for
- Which of the following indexes has a downward bias?
- The consumer price index number is also known as
- To measure changes in total monetary worth, one should compute:
- If an index number calculations over 8 years with a base value of 100 gave an index for 2015 of 120, what would be the percentage relative for 2015?
- Which of the following describes the advantage of using the Laspeyer’s method?
- When computing a weighted average of the relative index, we would be best able to compare indices from various periods if:
- Commodities subject to considerable price variations could best be measured by
- A primary difference between the average of relatives and aggregate methods is that
- A base period can be described as a normal period if:
- The weights used in a quantity index are:
- To measure how much the cost of some variable changes over time, we would use
- When the base year values are used as weights, the weighted average of the relative price index is the same as
- Depression in a business is?
- Which method of construction of consumer price index number is the Laspeyres’ index number?
- The prices used in the construction of consumer price index numbers are:
- The Circular test is satisfied by:
- Which of the following indices satisfies both the time reversal and factor reversal tests?
- Commodities subject to considerable price variation should best be measured by:
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