MCQs Index Numbers 1

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

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

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

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

5. Paasche’s price index number is also called

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

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

8. The __________ index number has a wide scope

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

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

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

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

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

14. Long term variations are regarded as

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

16. Price relatives computed for chain base method are called

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

18. The most suitable average for index numbers is

19. Index number having upward bias is

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