Test: Index Numbers- 2 - CA Foundation MCQ

We use price index numbers

When the ratio of a sum of prices in the current period to the sum of prices in the base period is expressed in the form of a percentage, it is known as :

Each of the following statements is either True or False. Write your choice of the answer by writing F for false.

The best average for constructing an index numbers is

The time reversal test is satisfied by

The factor reversal test is satisfied by

The circular test is satisfied by

Fisher’s index number is based on

Paasche index is based on

Fisher’s ideal index number is

Price-relative is expressed in term of

Paasehe’s index number is expressed in terms of :

Time reversal Test is satisfied by following index number formula is

Cost of living Index number (C. L. I.) is expressed in terms of :

If the ratio between Laspeyre’s index number Paasche’s Index number is 28 : 27. Then the Missing figure in the following table P is :

If the prices of all commodities in a place have increased 1.25 times in comparison to the base period, the index number of prices of that place is now

If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices have increased on average

If the prices of all commodities in a place have decreased 35% over the base period prices, then the index number of prices of that place is now

Link relative index number is expressed for period n is

Fisher’s Ideal Index number is expressed in terms of :

Factor Reversal Test According to Fisher is

Marshall Edge worth Index formula after interchange of p and q is impressed in terms of :

If ∑ P_nq_n= 249, ∑ P_oq_o = 150, Paasche’s Index Number = 150 and Drobiseh and Bowely’s Index number = 145. Then the Fisher’s Ideal Index Number is

Consumer Price index number for the year 1957 was 313 with 1940 as the base year 96 the Average Monthly wages in 1957 of the workers into factory be Rs. 160/- their real wages is

If ∑ P_oq_o = 3500, ∑ P_nq_o = 3850. Then the Cost of living Index (C.L.T.) for 1950 w.r. to base 1960 is

From the following table by the method of relatives using Arithmetic mean the price Index number is

Each of the following statements is either True or False with your choice of the answer by writing F for False.