Introduction to Index Number Test

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Introduction to Index Number Test - 20

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Weekly Quiz Competition

Question 1
1 / -0

If the index number of prices at a place in $$1994$$ is $$250$$ with $$11984$$ as base year, then the prices have increased on average :

A
$$250$$%

B
$$150$$%

C
$$350$$%

D
None of above
Question 2
1 / -0

If the $$1970$$ index with base $$1965$$ is $$200$$ and $$1965$$ index with base $$1960$$ is $$150$$, the index $$1970$$ on base $$1960$$ will be :

A
$$700$$

B
$$300$$

C
$$500$$

D
$$600$$
Question 3
1 / -0

Year-to-year indices in the chain-base method are called ______.

A
chain indices

B
link relatives

C
fixed based indices

D
all the above
Question 4
1 / -0

The weighted price relatives with selective weights can be reduced to __________.

A
Laspeyre's formula

B
Paasche's formula

C
both (a) and (b)

D
neither (a) nor (b)
Question 5
1 / -0

If the old series is connected with the new series of index numbers, it is known as ______.

A
base shifting

B
backward splicing

C
forward splicing

D
none of the above
Question 6
1 / -0

The index number of base year is 100.

A
Yes

B
No

C
May be

D
none of them
Question 7
1 / -0

Fisher named the geometric cross formula as an ideal index formula in the year ______.

A
$$1901$$

B
$$1910$$

C
$$1920$$

D
$$1950$$
Question 8
1 / -0

Paasche's index number formula uses the weights of the _______.

A
base period

B
current period

C
any arbitrarily chosen period

D
none of the above.
Question 9
1 / -0

Fisher's ideal formula does not satisfy _______.

A
time reversal test

B
circular test

C
factor reversal test

D
unit test
Question 10
1 / -0

Geometric cross formula for index number is known as _________.

A
Walsh ideal formula

B
Fisher's ideal formula

C
Bowley's standard formula

D
none of the above.

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Introduction to Index Number Test - 20

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Introduction to Index Number Test - 20

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Question 1

$$250$$%

$$150$$%

$$350$$%

None of above

Question 2

$$700$$

$$300$$

$$500$$

$$600$$

Question 3

chain indices

link relatives

fixed based indices

all the above

Question 4

Laspeyre's formula

Paasche's formula

both (a) and (b)

neither (a) nor (b)

Question 5

base shifting

backward splicing

forward splicing

none of the above

Question 6

Yes

No

May be

none of them

Question 7

$$1901$$

$$1910$$

$$1920$$

$$1950$$

Question 8

base period

current period

any arbitrarily chosen period

none of the above.

Question 9

time reversal test

circular test

factor reversal test

unit test

Question 10

Walsh ideal formula

Fisher's ideal formula

Bowley's standard formula

none of the above.

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My Perfomance

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-

Rank

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