Test: Index Numbers- 6

# Test: Index Numbers- 6

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## 40 Questions MCQ Test Business Mathematics and Logical Reasoning & Statistics | Test: Index Numbers- 6

Test: Index Numbers- 6 for CA Foundation 2022 is part of Business Mathematics and Logical Reasoning & Statistics preparation. The Test: Index Numbers- 6 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Index Numbers- 6 MCQs are made for CA Foundation 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Index Numbers- 6 below.
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Test: Index Numbers- 6 - Question 1

### With regard to Laspeyre and Paasche price index numbers, 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.

Test: Index Numbers- 6 - Question 2

### Circular Test is satisfied by

Test: Index Numbers- 6 - Question 3

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

Test: Index Numbers- 6 - Question 4

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

Test: Index Numbers- 6 - Question 5

Paasche index is based on

Test: Index Numbers- 6 - Question 6

Fisher ideal index number is

Test: Index Numbers- 6 - Question 7

Time reversal Test is satisfied by following index number formula is

Test: Index Numbers- 6 - Question 8

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 by

Test: Index Numbers- 6 - Question 9

The factor reversal test is satisfied by

Test: Index Numbers- 6 - Question 10

Fisher index number is based on

Test: Index Numbers- 6 - Question 11

The circular test is satisfied by

Test: Index Numbers- 6 - Question 12

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 now is

Test: Index Numbers- 6 - Question 13

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

Test: Index Numbers- 6 - Question 14

The time reversal test is satisfied by

Test: Index Numbers- 6 - Question 15

The best average for constructing an index numbers is

Test: Index Numbers- 6 - Question 16

Simple aggregate of quantities is a type of

Test: Index Numbers- 6 - Question 17

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

Test: Index Numbers- 6 - Question 18

Laspeyre or Paasche or the Fisher ideal index do not satisfy

Test: Index Numbers- 6 - Question 19

Fisher Ideal Formula does not satisfy _________test

Test: Index Numbers- 6 - Question 20

Laspeyre and Paasche method _________time reversal test

Test: Index Numbers- 6 - Question 21

The number of test of Adequacy is

Test: Index Numbers- 6 - Question 22

There is no such thing as unweighted index numbers

Test: Index Numbers- 6 - Question 23

The test of shifting the base is called

Test: Index Numbers- 6 - Question 24

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

Test: Index Numbers- 6 - Question 25

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

Test: Index Numbers- 6 - Question 26

We use price index numbers

Test: Index Numbers- 6 - Question 27

Each of the following statements is either True or False write your choice of the answer by writing T for True

Test: Index Numbers- 6 - Question 28

________________satisfies circular test

Test: Index Numbers- 6 - Question 29

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

Detailed Solution for Test: Index Numbers- 6 - Question 29

Option (a) base period is right answer.

Explanation:-

Base period or reference period refers to the period of time used as the basis for an index number, for comparison with other periods

Test: Index Numbers- 6 - Question 30

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

Test: Index Numbers- 6 - Question 31

Index numbers are often constructed from the

Test: Index Numbers- 6 - Question 32

Laspeyre method and Paasche method do not satisfy

Test: Index Numbers- 6 - Question 33

P10 is the index for time

Test: Index Numbers- 6 - Question 34

P01 is the index for time

Test: Index Numbers- 6 - Question 35

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

Test: Index Numbers- 6 - Question 36

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

Test: Index Numbers- 6 - Question 37

Fisher Ideal Formula for calculating index numbers satisfied the __________tests

Test: Index Numbers- 6 - Question 38

The purpose determines the type of index number to use

Test: Index Numbers- 6 - Question 39

The index number is a special type of average

Test: Index Numbers- 6 - Question 40

The choice of suitable base period is at best temporary solution

## Business Mathematics and Logical Reasoning & Statistics

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## Business Mathematics and Logical Reasoning & Statistics

81 videos|101 docs|87 tests