Test: Index Numbers- 1 - CA Foundation MCQ

________ is particularly suitable for the construction of index nos.

Index nos. show _________ changes rather than absolute amounts of change.

The ________ makes index nos. time-reversible.

Price relative is equal to

Index no. is equal to

The ________ of group indices given the General Index

Circular Test is one of the tests of

__________ is an extension of time reversal test

Weighted G.M. of relative formula satisfy ________test

Factor Reversal test is satisfied by

Laspeyre's method and Paasche's method do not satisfy -

A ratio or an average of ratios expressed as a percentage is called

The value at the base time period serves as the standard point of comparison

An index time series is a list of _______ nos. for two or more periods of time

Index nos. are often constructed from the

__________ is a point of reference in comparing various data describing individual behaviour.

The ratio of price of single commodity in a given period to its price in another period is called the

Chain index is equal to

P₀₁ is the index for time

P₁₀ is the index for time

When the product of price index and the quantity index is equal to the corresponding value index then

The formula should be independent of the unit in which or for which price and quantities are quoted in

Laspeyres method and Paasche’s method do not satisfy

The purpose determines the type of index no. to use

The index no. is a special type of average

The choice of suitable base period is at best temporary solution