Q1.
The index number of base year is
(a) 100 (b) 120 (c) 50 (d) None of these
Solution.
(a) 100
Solution
Q2.
Which Index number is ideal Index Number ?
(a) Paasche's (b) Lespeyer's (c) Fisher's (d) None of these
(c) Fisher's
Solution
Q3.
There are __________ test of adequacy .
(a)1 (b) 2 (c) 3 (d) 4
Solution.
(d) 4
Solution
Q4.
The A.M. of Lespeyer's and Paasche's Index Number = ________________.
(a)Dorbish Bowley (b) Marshall Edgeworth
(c) Fisher's (d) Kelly's
Solution.
(a)Dorbish Bowley
Solution
Q5.
_______________ Index Number is Geometric Mean of Lespeyer's and Paasche's Index Number .
(a) Fisher's (b) Dorbish Bowley
(c) Marshall Edgeworth (d) None of these
Solution.
(a) Fisher's
Solution
Q6.
Which one is not the test of adequacy
(a) Unit test (b) Time reversal test (c) Factor reversal test (d) moving
average method .
Solution.
(d) Moving average method .
Solution
Q7.
In time reversal test P01 x P10 = ____________ .
(a) 1 (b) 2 (c) 3 (d) None of these
Solution.
(a) 1
Solution
Q8.
Which test gives value index number , as we multiple price index number and quantity index number .
Solution.
Factor Reversal test .
Solution
Q9.
In Paasche's index , weights are based on
Solution.
Current Year Quantities
Solution
Q10.
Consumer price index is commonly known as
Solution.
Cost of living Index .
Solution
