index number Mcqs
2. Link relative = ________________?
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A. Pn/Po x10

B. Pn/Po x100

C. None of these

D. Pn/pn-1 x100
3. The Laspeyres and Paasche index are examples of_________________?
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A. Weighted index numbers

B. Aggregate index numbers

C. Weighted quantity index only

D. Weighted price index only

4. Consumer price Index Number also called _________ is designed to measure changes?
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A. Cost Living Index number

B. weighted Index Number

C. Consumer Index Number

D. Whole Sale Index number

5. Measure the change in quantity of goods are called ________________?
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A. Simple 1. No.

B. Appropriate

C. Quantity Index Number

D. Aggregative 1. No.

7. The ratio of a new price to the base year price is called the___________?
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A. Price decrease

B. Price increase

C. Price relative

D. Price absolute

8. Fishers ideal index number is also obtained by _______________?
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A. Taking A.M. of Laspeyres and Paasches index

B. Taking G.M. of Laspeyres and Paasches index

C. Both (a) and (b)

D. None of these

10. A simple aggregate quantity index is used to______________?
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A. Measure the overall change in price of a range of products

B. Measure the change in quantity of product

C. Measure the change in price of a product

D. Measure the overall change in quantity of range of product.

11. Price in proceeding year used in the method is called __________?
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A. Fixed Method

B. Chain Method

C. Aggregation Method

D. Volume

12. The index number of base period is always:_______________?
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A. None of these

B. 200

C. The price of that year

D. 100
13. Volume index in Marshall is _______________?
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A. ?pn(qo + qn)/?pn

B. ?pn(Po + Pn)/ ?pn (Po + Pn)

C. ?qn(qo + qn)/?qn(po + pn) x100

D. ?qn(Po + Pn)/ ?qo (Po + Pn) x100
14. CPI also named as__________?
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A. Household price index

B. Retail price index

C. Both a and b

D. None of these

15. G.M. between __________ is called to be Fishers Index Number?
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A. Fisher and Paasches

B. Paasches Index Number

C. Marshall and Laspeyres

D. Laspeyres and Paasches
16. Most commonly used index number is___________?
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A. Value index number

B. None of these

C. Quantity index number

D. Price index number
17. The object of Index number also determines its _______________?
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A. Special purpose

B. Reliable

C. Scope

D. Index Number

18. An Index number of an average quality of wheat in Lahore__________ Index?
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A. Weighted Index Number

B. value Index Number

C. Volume Index Number

D. Quantity Index Number
20. The Laspeyres price index_____________?
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A. Regards the base year quantities as fixed

B. non of these

C. Regards the current year quantities as fixed

D. Regards the base year price as fixed

22. Qon means _________ for the given year?
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A. Commodity

B. Quantity Index

C. Price

D. Quantity in current

23. Base year quantities are used as weights in _______________?
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A. Fishers index

B. None of these

C. Laspeyres index

D. Paasches index

24. Volume Index in Marshall is ____________?
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A. ?Pn(qo + qn)/?Pn

B. ?Pn(Po + Pn)/?Pn(Po + Pn) x100

C. ?Pn(Po + Pn)/?Pn(Po + Pn)

D. Non of these

25. A simple aggregate price index_____________?
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A. Ignores relative quantities

B. Compares absolute prices to absolute quantities

C. Compares relative quantities to relative prices

D. Compares relative quantities

27. An Index number which measure the change of a _____ is called Aggregative 1. No?
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A. Industrial activity

B. Goods consumed

C. Cost of living

D. Retail price

28. An Index Number calculated for more than one items is called ___________?
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A. Consumer Index Number

B. Sensitive Price Index number

C. Simple Aggregation 1. Number

D. Chain Indices

29. In Chain base method, the base period is ________________?
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A. Change

B. None of these

C. Constant

D. Fixed

30. In CPI household budget method also known as:_____________?
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A. All of above

B. Average of weights

C. Weighted average of relatives

D. Simple average of relatives

31. Which of the formula is used in chain indices: ________________?
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A. ?pn/?po x100

B. pn/po x100

C. pn/pn-1 x100

D. Both (a) and (b) but not (c)

32. An index number is used______________?
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A. To measure changes in a variable over time

B. To measure changes in quantity

C. To measure changes in price

D. To measure changes in demand

33. The formula ?pnqn/poqn x100 is used to calculate?
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A. The Laspeyres price index

B. The Paasche quantity index

C. The Paasche price index

D. The Laspeyres quantity index

34. The formula ?poqn/?poqo x100 is used to calculate_______________?
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A. The Laspeyres quantity index

B. The Laspeyres price index

C. The Paasche price index

D. The Paasche quantity index

35. The weighty system changed with _______________?
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A. Basely

B. Yearly

C. Averagely

D. Timely
36. Link relative = ________________?
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A. Pn/ Pn-1 x100

B. Pn/P1 x 100

C. Pn/Po x 100

D. Pn/Po x 100

38. A scaling factor is used to_________________?
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A. Convert the Paasche index to a Laspeyres index

B. Change the base year

C. Change a simple index to a weight index

D. change an aggregate index to a weighted index

39. Ratio between given year and base year is called __________ in percentage?
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A. Price relative

B. Link relative

C. Retail prices

D. None of these

40. Paasches Index number is ______________?
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A. ?pnqn/?poqo

B. ?pnqo/?poqo

C. ?pnqn/?poqn x100

D. ?pnqo/?pnqo x100