MCQs Index Numbers Quiz 4

1. Commodities subject to considerable prices variations can best be measured by a

2. Index numbers computed by considering the relative importance of variables are called

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

4. If all values are not of equal importance the index number is called

5. The following table shows the index of prices (1995=100) for a certain commodity over the period 1995-2000:

The percentage increase in the price between 2002 and 2004 is nearest to

6. If the index for 2003 were to be 116 and the RPI 204, express the index for 2003 at constant 1998 prices.

7. Which index number may be weighted

8. If the average wages index for 2003 at constant 1998 prices were to be 96, which of the following comments would be correct?

9. The following table shows the index of prices (1995=100) for a certain commodity over the period 1995-2000:

It has been decided to rebase the index so that 2005=100. The index for 2003 will now be nearest to

10. The weights used in the price index are

11. Chaining process used to make comparison of index number is

12. Price relative = $\frac{?}{p_0}\times$

13. Price relatives computed for chain base method are called

14. If all the items are given equal weights the index number is called

15. In index numbers __________ can be used as average

16. Index for the base period is always taken as

17. The most suitable average for index numbers is

18. Weighted price index numbers include

19. Express the following average weekly wages as index numbers with base 1998.

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