Statistics MCQs

Page No. 22

Consumer price Index Number also called _________ is designed to measure changes?


aCost Living Index number


bWhole Sale Index number


cweighted Index Number


dConsumer Index Number



All Index numbers are not suitable for all _________________?


aKind


bChain relative


cPurpose


dPrice


View Answer Purpose

A scaling factor is used to_________________?


aChange a simple index to a weight index


bConvert the Paasche index to a Laspeyres index


cChange the base year


dchange an aggregate index to a weighted index


View Answer Change the base year

The formula ∑poqn/∑poqo x100 is used to calculate_______________?


aThe Laspeyres price index


bThe Paasche quantity index


cThe Laspeyres quantity index


dThe Paasche price index



The Laspeyres and Paasche index are examples of_________________?


aAggregate index numbers


b Weighted index numbers


cWeighted price index only


dWeighted quantity index only



A simple aggregate price index_____________?


aIgnores relative quantities


bCompares relative quantities to relative prices


c Compares absolute prices to absolute quantities


dCompares relative quantities



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


aPrice decrease


bPrice absolute


c Price increase


dPrice relative


View Answer Price relative

The index number of base period is always:_______________?


a100


b200


cThe price of that year


dNone of these


View Answer 100

Which of the formula is used in chain indices: ________________?


a∑pn/∑po x100


bpn/po x100


cpn/pn-1 x100


dBoth (a) and (b) but not (c)


View Answer pn/pn-1 x100

Paasche’s Index number is ______________?


a∑pnqo/∑poqo


b∑pnqo/∑pnqo x100


c∑pnqn/∑poqo


d∑pnqn/∑poqn x100


View Answer ∑pnqo/∑poqo

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