The post is about MCQs index numbers. There are 20 multiple-choice questions related to the basics of index numbers, price relative, fixed base method, chain base methods, weighted index numbers, Paasche’s index numbers, Laspeyrs index numbers, and Fisher Idea index numbers. Let us start with the MCQs Index Numbers Quiz.
Online MCQs Index Numbers
MCQs Index Numbers
- The index number that can be used for multi-purpose is:
- An index number computed for a single commodity is called
- The ———- index number has a wide scope
- The price relative formula is $\frac{?}{P0}\times 100$
- The index for the base period is always taken as
- In the fixed base method, the base period should be
- The commodities subject to considerable price variations can be best measured by
- In the chain base method, the base period is
- The chaining process used to make a comparison of the index number is
- Price relatives computed for the chain base method are called
- The most suitable average for index numbers is
- Index numbers are free from a unit of measurement because the index number shows
- Long-term variations are regarded as
- Paasche’s price index number is also called
- The index number having an upward bias is
- The index give by $\frac{\sum p_n q_n}{\sum p_0 q_0}\times 100$
- If Laspeyre’s index number is 200, and Paasche’s index number is 200 then the Fisher index number will be
- Increased demand for coolers in summer and heaters in winter is an example of
- The price used in the construction of consumer price index numbers is
- ——— method uses quantities consumed in the base period when computing a weighted index
