Basic Statistics and Data Analysis

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Category: Index Numbers

Index Numbers

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MCQs Index Numbers 3

Multiple Choice Questions from Introductory Statistics for the preparation of exams and different tests. This page includes the Index Numbers test for the preparation of different statistics and job-related examinations. Lets us start with the index numbers quiz, which is the third test index numbers.

1. To measure how much the cost of some variable changes over time, we would use

 
 
 
 

2. Which of the following index has a downward bias?

 
 
 
 

3. The weights used in a quantity index are:

 
 
 
 

4. 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?

 
 
 
 

5. The circular test is satisfied for

 
 
 
 

6. A primary difference between the average of relatives and aggregate methods is that

 
 
 
 

7. When computing a weighted average of the relative index, we would be best able to compare indices from various periods if:

 
 
 
 

8. Depression in a business is?

 
 
 
 

9. How many steps are involved in the construction of the index number of prices:

 
 
 
 

10. To measure changes in total monetary worth, one should compute:

 
 
 
 

11. Commodities subject to considerable price variations could best be measured by

 
 
 
 

12. Which of the following describes the advantage of using the Laspeyer’s method?

 
 
 
 

13. A base period can be described as a normal period if:

 
 
 
 

14. When the base year values are used as weights, the weighted average of the relative price index is the same as

 
 
 
 

15. The consumer price index number is also known as

 
 
 
 

Index number
  • Construction of Index Numbers which follows steps (i) Object of Index Number, (ii) Choice of items, (iii) Choice of Base Period, (iv) Collection of Prices of Items, (v) Choice of Average, (vi) Selection of Proper Weights
  • Fixed Base Method
  • Chain Base Method
  • Composite Index Numbers
  • Un-Weighted Index Numbers which includes (i) Simple Aggregative Index Numbers, (ii) Simple Average of Relatives Index Numbers
  • Weighted Index Numbers which includes (i) Weighted Aggregative Index Numbers, (ii) Weighted Average of Relatives Index Numbers
  • The Weighted Aggregative Index Numbers includes (i) Laspeyre’s Index Number, (ii) Paasche’s Index Number, (iii) Fisher Idea Index Number, Value Index Number,
  • Consumer Price Index Numbers. The important steps in the construction of CPI numbers which includes (i) Choosing the class of people, (ii) Selection of commodities, (iii) Budget Inquiry, (iv) Collection of Prices, (v) Calculation of CPI Numbers

Index Numbers

 by 

MCQs Index Numbers Quiz 2

Multiple Choice Questions from Introductory Statistics for the preparation of exams and different tests. This page includes the Index Numbers quiz for the preparation of different statistics and job-related examinations. Lets us start with the MCQs index numbers quiz, which is the second quiz of MCQs index numbers.

Please go to MCQs Index Numbers Quiz 2 to view the test

Index Numbers Quiz
  • Construction of Index Numbers which follows steps (i) Object of Index Number, (ii) Choice of items, (iii) Choice of Base Period, (iv) Collection of Prices of Items, (v) Choice of Average, (vi) Selection of Proper Weights
  • Fixed Base Method
  • Chain Base Method
  • Composite Index Numbers
  • Un-Weighted Index Numbers which includes (i) Simple Aggregative Index Numbers, (ii) Simple Average of Relatives Index Numbers
  • Weighted Index Numbers which includes (i) Weighted Aggregative Index Numbers, (ii) Weighted Average of Relatives Index Numbers
  • The Weighted Aggregative Index Numbers includes (i) Laspeyre’s Index Number, (ii) Paasche’s Index Number, (iii) Fisher Idea Index Number, Value Index Number,
  • Consumer Price Index Numbers. The important steps in the construction of CPI numbers which includes (i) Choosing the class of people, (ii) Selection of commodities, (iii) Budget Inquiry, (iv) Collection of Prices, (v) Calculation of CPI Numbers

Index Numbers

 by 

MCQs Index Numbers 1

Multiple Choice Questions from Introductory Statistics for the preparation of exams and different tests. This page includes the MCqs Index Numbers for the preparation of different statistics and job-related examinations. Lets us start with the MCQs index numbers, which is the first quiz of index numbers.

Please go to MCQs Index Numbers 1 to view the test
MCQs Index Numbers
  • Construction of Index Numbers which follows steps (i) Object of Index Number, (ii) Choice of items, (iii) Choice of Base Period, (iv) Collection of Prices of Items, (v) Choice of Average, (vi) Selection of Proper Weights
  • Fixed Base Method
  • Chain Base Method
  • Composite Index Numbers
  • Un-Weighted Index Numbers which includes (i) Simple Aggregative Index Numbers, (ii) Simple Average of Relatives Index Numbers
  • Weighted Index Numbers which includes (i) Weighted Aggregative Index Numbers, (ii) Weighted Average of Relatives Index Numbers
  • The Weighted Aggregative Index Numbers includes (i) Laspeyre’s Index Number, (ii) Paasche’s Index Number, (iii) Fisher Idea Index Number, Value Index Number,
  • Consumer Price Index Numbers. The important steps in the construction of CPI numbers include (i) Choosing the class of people, (ii) Selection of commodities, (iii) Budget Inquiry, (iv) Collection of Prices, (v) Calculation of CPI Numbers

Learn about Index numbers

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