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Introduction to Index Number Test - 12

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Introduction to Index Number Test - 12
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  • Question 1
    1 / -0
    The ________  is widely used to measure the rate of inflation.
    Solution
    The WPI stands for the Wholesale Price Index, it is a widely used measure of inflation. The wholesale price index number indicates the change in the general price level. It measures the relative changes in the price of goods in the wholesale markets. Unlike the CPI, it does not have any reference to the consumer category.
  • Question 2
    1 / -0
     _______ number measures price changes from the producers perspective. 
  • Question 3
    1 / -0
    Which of these is/are not component of HDI index?

    Solution
    Health is not a component of HDI Index..
    HDI stands for Human Development Index. It can be defined as a statistic composite index of human development indicators, like, life expectancy, education, per capita income, etc. HDI helps to rank countries.
  • Question 4
    1 / -0
    If the sensex rises, it indicates _____.
  • Question 5
    1 / -0
    CPI stands for ________.
    Solution
    CPI stands for Consumer Price Index. The consumer price index is the index number which measures change in prices paid by the consumers goods purchased by consumers in the current year compared to the base year.  In India, consumer price index numbers are constructed for the following classes of people:
    1. Agricultural labourers

    2. Industrial workers

    3. Urban non-manual employees

  • Question 6
    1 / -0
    From the following detail calculate index number using Aggregate expenditure method.
    ItemsPrice in 20052005cPrice in 20112011Weight
    Milk161624241010
    Rice2020282811
    Wheat101016161515
    Total
  • Question 7
    1 / -0
    From the following detail what is the weighted average price index.
    ItemsPrice in 20052005cPrice in 20112011Weight
    Milk161624241010
    Rice2020282811
    Wheat101016161515
    Total
  • Question 8
    1 / -0
    If the index number of aluminium in 20142014 is 350350 with base year 20102010, the prices of aluminium must have increased by ____________.
  • Question 9
    1 / -0
    Given that Paasche Price index and Laspeyres index being 121.5121.5 and 117.85117.85 respectively. Find the Dorbish and Bowley price index.
  • Question 10
    1 / -0
    Given the Paasche Price index and Laspeyres index being 101.5101.5 and 107.85107.85 respectively. Find the Fisher ideal price index.
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