Index Numbers

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 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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The post is about McQs on Index Numbers Quiz with Answers. There are 20 multiple-choice questions covering index numbers, price index numbers, weighted index numbers, and chain-based methods. Let us start with MCQs on the Index Numbers Quiz.

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

MCQs on Index Numbers Quiz

• All values of equal importance are used in calculating an index, the index is called:
• The Basic types of index numbers are:
• The weights used in a quantity index are:
• A relative obtained by dividing the price in a given year price in the base year and expressed as a percentage is called:
• A relative obtained by dividing the price in a given year by the price in the proceeding year and expressed as a percentage is called:
• In simple price index numbers, the base period is
• In chain base methods the base period is:
• For calculating weighted index numbers, which of the following methods are useful quantities consumed in the base period as weight:
• $P_{on} = \frac{\Sigma p_n q_n}{\Sigma p_0 q_n}\times 100$ is the formula of:
• The time reversal test is satisfied by
• The index number for the base year is
• An index number that can serve many purposes is called
• The index numbers used to measure the changes in the price of commodities is called
• Consumer’s price index numbers are calculated by:
• The variation in two or more variables studied by the index is called:
• In Laspeyre’s Price Index, the quantities use weight related to
• Commodities subject to considerable price variations can best be measured by a
• The weights used in a quantity index are
• Theoretically best average used in the construction of a composite index is
• Which of the following price indices are prepared by the Federal Bureau of Statistics?

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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.

Please go to Important MCQs Index Numbers 1 to view the test

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

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