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Index Numbers

Theory and Formula



Question

Q1. Consumer Price Index is also named as :

(a) Cost of living index

(b) Whole sale price index

(c) Agricultural price index

(d) None

Solution. a
Cost of living index
Solution

Q2. The whole sale price index numbers are constructed in India on the ___________ basis .

(a) Daily

(b) Weekly

(c) Monthly

(d) Yearly

Solution.b
Weekly
Solution

Q3. Government used consumer price index numbers to develop policies on ______________ .

(a) Values

(b) quantities

(c) prices

(d) none

Solution. c
prices
Solution

Q4. A consumer price index measures

(a) retail prices

(b) wholesale prices

(c) industrial prices

(d) none

Solution. a
retail prices
Solution

Q5. Consumer price indices are also known ___________ .

(a) wholesale indices

(b) cost of living indices

(c) agricultural indices

(d) none

Solution. b
cost of living indices
Solution