Introduction to Index Number Test

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Introduction to Index Number Test - 14

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Weekly Quiz Competition

Question 1
1 / -0

If the prices of cement have gone up by $$2.10$$ times in comparison to the base period, the present index of cement is __________.

A
$$255$$

B
$$310$$

C
$$210$$

D
$$331$$
Question 2
1 / -0

Which of these is not a common tests for a good index number formula.

A
Forward test

B
Circular test

C
Factor reversal test

D
Time reversal test
Question 3
1 / -0

From the following details Laspeyre's Ideal index.
Commodity Price $$1999$$ Q$$1$$ $$1999$$ Price $$2005$$ Qt $$2005$$
A $$30$$ $$40$$ $$32$$ $$36$$
B $$34$$ $$36$$ $$30$$ $$35$$
C $$36$$ $$32$$ $$30$$ $$40$$

A
$$88$$

B
$$90$$

C
$$92.8$$

D
$$93$$
Question 4
1 / -0

Which of the following satisfies factor reversal test?

A
Laspeyres index

B
Fisher ideal index

C
Paasches Index

D
Simple aggregate average index
Question 5
1 / -0

Laspeyre's index and Paasche's index of a city for $$1999$$ are $$105.8$$ and $$110.9$$, find the index number under Dorbish and Bowley method.

A
$$109.10$$

B
$$108.35$$

C
$$110.01$$

D
$$107.90$$
Question 6
1 / -0

________ covers all those index numbers which measures the changes in total money worth during some period compared with other period.

A
Value Index Numbers

B
Quantity Index Numbers

C
Price Index Number

D
None of above
Question 7
1 / -0

________ measure the general changes in the price level from one period to another.

A
Value Index Numbers

B
Quantity Index Numbers

C
Price Index Number

D
None of above
Question 8
1 / -0

Index numbers are expressed in percentages.

A
True

B
False

C
Partly true

D
None of above
Question 9
1 / -0

If the price index of aluminium was 350 in 2007 with base year 1995, then the price of Aluminium must have increased by .

A
350 times

B
2.5 times

C
250 times

D
350%
Question 10
1 / -0

If the international price of crude oil was $60 per barrel when the base index of crude oil was 100 points. Now the index of crude oil has gone up to 125 points. What is the international price of crude oil now?

A
$85

B
$75

C
$80

D
$90

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Re-Attempt Weekly Quiz Competition

Commodity	Price $$1999$$	Q$$1$$ $$1999$$	Price $$2005$$	Qt $$2005$$
A	$$30$$	$$40$$	$$32$$	$$36$$
B	$$34$$	$$36$$	$$30$$	$$35$$
C	$$36$$	$$32$$	$$30$$	$$40$$

Introduction to Index Number Test - 14

Result

Introduction to Index Number Test - 14

Score

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Rank

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SHARING IS CARING

Question 1

$$255$$

$$310$$

$$210$$

$$331$$

Question 2

Forward test

Circular test

Factor reversal test

Time reversal test

Question 3

$$88$$

$$90$$

$$92.8$$

$$93$$

Question 4

Laspeyres index

Fisher ideal index

Paasches Index

Simple aggregate average index

Question 5

$$109.10$$

$$108.35$$

$$110.01$$

$$107.90$$

Question 6

Value Index Numbers

Quantity Index Numbers

Price Index Number

None of above

Question 7

Value Index Numbers

Quantity Index Numbers

Price Index Number

None of above

Question 8

True

False

Partly true

None of above

Question 9

350 times

2.5 times

250 times

350%

Question 10

$85

$75

$80

$90

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