Test: Index Numbers- 3 - CA Foundation MCQ

From the following data for the 5 groups combined

The general Index number is

From the following data with 1966 as base year

Q. The price per unit of commodity A in 1966 is

The index number in whole sale prices is 152 for August 1999 compared to August 1998.During the year there is net increase in prices of whole sale commodities to the extent of

Fishers price index number is the ------- 

Purchasing Power of Money is

The price level of a country in a certain year has increased 25% over the base period.The index number is

The index number of prices at a place in 1998 is 355 with 1991 as base. This means

If the price of all commodities in a place have increased 125 times in comparison to the base period prices, then the index number of prices for the place is now

The whole sale price index number or agricultural commodities in a given region at a given date is 280. The percentage use in prices of agricultural commodities over the base year is :

If now the prices of all the commodities in a place have been decreased by 85% over the base period prices, then the index number of prices for the place is now (index number of prices of base period = 100)

From the data given below

Q. Then the suitable index number is

Bowley’s Index number is expressed in terms of :

From the following data

Q. The simple Aggregative Index is

With regard to Laspeyre’s and Paasche’s price index number, it is maintained that “If the prices of all the goods change in the same ratio, the two indices will be equal for them the weighting system is irrelevant; or if the quantities of all the goods change in the same ratio, they will be equal, for them the two weighting systems are the same relatively”.Then the above statements satisfy.

The quantity Index number using Fisher’s formula satisfies :

For constructing consumer price Index is used :

The cost of living Index (C.L.I.) is always :

The Time Reversal Test is not satisfied to :

Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)

Q. Then weighted average of price Relative Index is : 

The Factor Reversal Test is as represented symbolically is :

If the 1970 index with base 1965 is 200 and 1965 index with base 1960 is 150, the index 1970 on base 1960 will be :

Circular Test is not met by :

Circular test is satisfied by: 

The value index is equal to :The value index is equal to :

Time Reversal Test is represented symbolically by :

In 1996 the average price of a commodity was 20% more than in 1995 but 20% less than in 1994; and more over it was 50% more than in 1997 to price relatives using 1995 as base (1995 price relative 100) Reduce the data is :

From the following data

Q. The price index number for the year 1934 is :