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index number MCQs

Practise focused index number questions with marked answers for exam preparation and subject revision.

index number Mcqs
1. Weighted Index number can be classified into _________ categories?
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A. Five

B. Two

C. Four

D. Three

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.

6. All Index numbers are not suitable for all _________________?
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A. Chain relative

B. Kind

C. Purpose

D. Price

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

9. Average calculated used in index number by __________ method?
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A. Four

B. One

C. Three

D. Two

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
19. 1. Nos. is a ____ for measuring changes in a variable or a group of related variables?
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A. variable

B. Cost

C. Region of goods

D. Device
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