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Test: Index Numbers - 2 - Commerce MCQ


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15 Questions MCQ Test Economics Class 11 - Test: Index Numbers - 2

Test: Index Numbers - 2 for Commerce 2024 is part of Economics Class 11 preparation. The Test: Index Numbers - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Index Numbers - 2 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Index Numbers - 2 below.
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Test: Index Numbers - 2 - Question 1

Whose formula is considered ideal for the construction of index number?

Test: Index Numbers - 2 - Question 2

Price Relatives = Current Year Price /?×100

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Test: Index Numbers - 2 - Question 3

p01 = Σp1q0/Σp0q0 × 100 is the formula of:

Test: Index Numbers - 2 - Question 4

Fisher's index number is considered ideal because:

Test: Index Numbers - 2 - Question 5

The Paasche’s index number is based on:

Test: Index Numbers - 2 - Question 6

Indices calculated by the chain base method are free from:

Test: Index Numbers - 2 - Question 7

A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the

Test: Index Numbers - 2 - Question 8

Cost of living index is known as …………

Test: Index Numbers - 2 - Question 9

The index used to measure changes in total money value is called:

Test: Index Numbers - 2 - Question 10

We use price index numbers:

Test: Index Numbers - 2 - Question 11

Most widely used weighted index is:

Test: Index Numbers - 2 - Question 12

_____ in which current year quantities are used

Test: Index Numbers - 2 - Question 13

In chain base method, the base period is:

Test: Index Numbers - 2 - Question 14

Purchasing power of money is:

Test: Index Numbers - 2 - Question 15

Circular test is an extension of:

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