MCQs Index Numbers 1

1. If Laspeyre’s index number is 200, Paasche’s index number is 200 then the Fisher index number will be

2. The price relative formula is $\frac{?}{P0}\times 100$

3. Price relatives computed for chain base method are called

4. Index numbers are free from a unit of measurement because the index number shows

5. In the chain base method, the base period is

6. In the fix base method, the base period should be

7. The index for the base period is always taken as

8. Increased demand for coolers in summer and heaters in winter is an example of

9. The commodities subject to considerable prices variations can be best measured by

10. Index number having upward bias is

11. An index number computed for a single commodity is called

12. The most suitable average for index numbers is

13. The price used in the construction of consumer price index numbers is

14. Paasche’s price index number is also called

15. _______ method uses quantities consumed in the base period when computing a weighted index

16. The index give by $\frac{\sum p_n q_n}{\sum p_0 q_0}\times 100$

17. Long term variations are regarded as

18. The __________ index number has a wide scope

19. Chaining process used to make a comparison of the index number is

20. The index number that can be used for multi-purpose is: