MCQs of Statistics - INDEX NUMBER – Multiple Choice Question

Question 1 of 40

1. Question

The index numbers are used to measure seasonal and cyclical variations in ________

Commodities
Time Series
Whole sale
Realtives

Question 2 of 40

2. Question

All Index numbers are not suitable for all _________

Kind
Chain relative
Purpose
Price

Question 3 of 40

3. Question

An Index Number calculated for more than one items is called _______

Sensitive Price Index number
Consumer Index Number
Simple Aggregation 1. Number
Chain Indices

Question 4 of 40

4. Question

Consumer price Index Number also called ____ is designed to measure changes.

Cost Living Index number
Whole Sale Index number
weighted Index Number
Consumer Index Number

Question 5 of 40

5. Question

Ratio between given year and base year is called ______ in percentage.

Price relative
Link relative
Retail prices
None of these

Question 6 of 40

6. Question

An Index number of an average quality of wheat in Lahore______ Index.

Volume Index Number
value Index Number
Quantity Index Number
Weighted Index Number

Question 7 of 40

7. Question

G.M. between ____ is called to be Fisher’s Index Number.

Paasche's Index Number
Marshall and Laspeyr'es
Laspeyre's and Paasche's
Fisher and Paasche's

Question 8 of 40

8. Question

Weighted Index number can be classified into _____ categories.

Four
Three
Five
Two

Question 9 of 40

9. Question

Average calculated used in index number by ____ method.

Three
Two
Four
One

Question 10 of 40

10. Question

Price in proceeding year used in the method is called ______

Fixed Method
Chain Method
Aggregation Method
Volume

Question 11 of 40

11. Question

The object of Index number also determines its _______

Index Number
Special purpose
Reliable
Scope

Question 12 of 40

12. Question

Measure the change in quantity of goods are called _______

Simple 1. No.
Aggregative 1. No.
Appropriate
Quantity Index Number

Question 13 of 40

13. Question

An Index number which measure the change of a _____ is called Aggregative 1. No.

Industrial activity
Retail price
Cost of living
Goods consumed

Question 14 of 40

14. Question

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

variable
Region of goods
Device
Cost

Question 15 of 40

15. Question

Single number which shows _____ changes in a phenomenon is called an Index Number

Overall
Same
Variation
Capable

Question 16 of 40

16. Question

Index Number is an important role in the field of Economic and ______

Science
Education
Intelligence
Business

Question 17 of 40

17. Question

Link relative = ______

P_n/P_o x 100
P_n/P_o x 100
P_n/ P_n-1 x100
P_n/P₁ x 100

Question 18 of 40

18. Question

Qon means _____ for the given year.

Price
Commodity
Quantity in current
Quantity Index

Question 19 of 40

19. Question

The weighty system changed with ______

Yearly
Basely
Timely
Averagely

Question 20 of 40

20. Question

Volume Index in Marshall is ____

∑P_n(P_o + P_n)/∑P_n(P_o + P_n)
∑P_n(q_o + q_n)/∑P_n
∑P_n(P_o + P_n)/∑P_n(P_o + P_n) x100

Question 21 of 40

21. Question

In computation of index number averages to be used are A.M., G.M. and _____

H.M.
Median
Mode

Question 22 of 40

22. Question

In Chain base method, the base period is ______

Fixed
Constant
Change
None of these

Question 23 of 40

23. Question

The Index number are used to measure seasonal and cyclical variations in ______

Wholesale
Relatives
commodities
Time series

Question 24 of 40

24. Question

Link relative = _______

P_n/p_n-1 x100
P_n/P_o x10
P_n/P_o x100
None of these

Question 25 of 40

25. Question

Volume index in Marshall is ______

∑p_n(P_o + P_n)/ ∑p_n (P_o + P_n)
∑q_n(q_o + q_n)/∑q_n(p_o + p_n) x100
∑p_n(q_o + q_n)/∑p_n
∑q_n(P_o + P_n)/ ∑q_o (P_o + P_n) x100

Question 26 of 40

26. Question

Paasche’s Index number is _____

∑p_nq_o/∑p_oq_o
∑p_nq_o/∑p_nq_o x100
∑p_nq_n/∑p_oq_o
∑p_nq_n/∑p_oq_n x100

Question 27 of 40

27. Question

Base year quantities are used as weights in :______

Laspeyre's index
Paasche's index
Fisher's index
None of these

Question 28 of 40

28. Question

Which of the formula is used in chain indices: _______

∑p_n/∑p_o x100
p_n/p_o x100
p_n/p_n-1 x100
Both (a) and (b) but not (c)

Question 29 of 40

29. Question

Fisher’s ideal index number is also obtained by: ________

Taking A.M. of Laspeyre's and Paasche's index
Taking G.M. of Laspeyre's and Paasche's index
Both (a) and (b)
None of these

Question 30 of 40

30. Question

The index number of base period is always:________

100
200
The price of that year
None of these

Question 31 of 40

31. Question

An index number is used:

To measure changes in quantity
To measure changes in price
To measure changes in a variable over time
To measure changes in demand

Question 32 of 40

32. Question

The ratio of a new price to the base year price is called the:

Price decrease
Price absolute
Price increase
Price relative

Question 33 of 40

33. Question

A simple aggregate quantity index is used to:

Measure the change in quantity of product
Measure the overall change in price of a range of products
Measure the overall change in quantity of range of product.
Measure the change in price of a product

Question 34 of 40

34. Question

A simple aggregate price index:

Ignores relative quantities
Compares relative quantities to relative prices
Compares absolute prices to absolute quantities
Compares relative quantities

Question 35 of 40

35. Question

This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household:

Laspeyres Price Index
Financial time Index
Paasche Price Index
Retail Price Index

Question 36 of 40

36. Question

The Laspeyres and Paasche index are examples of:

Aggregate index numbers
Weighted index numbers
Weighted price index only
Weighted quantity index only

Question 37 of 40

37. Question

The Laspeyres price index:

Regards the base year quantities as fixed
Regards the base year price as fixed
Regards the current year quantities as fixed

Question 38 of 40

38. Question

The formula ∑p_oq_n/∑p_oq_o x100 is used to calculate:

The Laspeyres price index
The Paasche quantity index
The Laspeyres quantity index
The Paasche price index

Question 39 of 40

39. Question

The formula ∑p_nq_n/p_oq_n x100 is used to calculate:

The Laspeyres price index
The Paasche price index
The Paasche quantity index
The Laspeyres quantity index

Question 40 of 40

40. Question

A scaling factor is used to:

Change a simple index to a weight index
Convert the Paasche index to a Laspeyres index
Change the base year
change an aggregate index to a weighted index

Statistics - INDEX NUMBER

Quiz-summary

Information

Results

Categories