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This mock test of Test: Index Numbers- 1 for CA Foundation helps you for every CA Foundation entrance exam.
This contains 40 Multiple Choice Questions for CA Foundation Test: Index Numbers- 1 (mcq) to study with solutions a complete question bank.
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QUESTION: 1

Choose the most appropriate option (a) (b) (c) or (d)

**Q.A series of numerical figures which show the relative position is called**

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QUESTION: 2

Index no. for the base period is always taken as

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QUESTION: 3

_________ play a very important part in the construction of index nos.

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QUESTION: 4

________ is particularly suitable for the construction of index nos.

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QUESTION: 5

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

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QUESTION: 6

The ________ makes index nos. time-reversible.

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QUESTION: 7

Price relative is equal to

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QUESTION: 8

Index no. is equal to

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QUESTION: 9

The ________ of group indices given the General Index

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QUESTION: 10

Circular Test is one of the tests of

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QUESTION: 11

__________ is an extension of time reversal test

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Circular test Is an extension of time reversal test

QUESTION: 12

Weighted G.M. of relative formula satisfy ________test

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QUESTION: 13

Factor Reversal test is satisfied by

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QUESTION: 14

Laspeyres formula does not obey

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QUESTION: 15

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

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QUESTION: 16

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

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QUESTION: 17

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

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QUESTION: 18

Index nos. are often constructed from the

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QUESTION: 19

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

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QUESTION: 20

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

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QUESTION: 21

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QUESTION: 22

Chain index is equal to

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QUESTION: 23

P_{01} is the index for time

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QUESTION: 24

P_{10} is the index for time

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QUESTION: 25

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

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QUESTION: 26

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

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QUESTION: 27

Laspeyres method and Paasche’s method do not satisfy

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**Correct Answer :- B**

**Explanation :** Unit test is a level of software testing. By this test, every unit of the software is tested. Laspeyres method and Paasche's method do not satisfy unit test

QUESTION: 28

The purpose determines the type of index no. to use

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QUESTION: 29

The index no. is a special type of average

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QUESTION: 30

The choice of suitable base period is at best temporary solution

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QUESTION: 31

Fisher’s Ideal Formula for calculating index nos. satisfies the _______ tests

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QUESTION: 32

Fisher’s Ideal Formula dose not satisfy _________ test

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QUESTION: 33

_________________ satisfies circular test

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QUESTION: 34

Laspeyre's and Paasche’s method _________ time reversal test

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QUESTION: 35

There is no such thing as unweighted index numbers

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QUESTION: 36

Theoretically, G.M. is the best average in the construction of index nos. but in practice, mostly the A.M. is used

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QUESTION: 37

Laspeyre’s or Paasche’s or the Fisher’s ideal index do not satisfy

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QUESTION: 38

___________ is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base

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QUESTION: 39

The test of shifting the base is called

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QUESTION: 40

Which among the following statements is INCORRECT?

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### Index Numbers (Part - 1)

Video | 14:04 min

### Weighted Index Numbers

Video | 17:00 min

### Unit I: Index Numbers (Part - 1)

Doc | 14 Pages

### Unit 1: Index Numbers (Part-2)

Doc | 1 Page

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