Description

This mock test of Test: Index Numbers- 6 for CA Foundation helps you for every CA Foundation entrance exam.
This contains 40 Multiple Choice Questions for CA Foundation Test: Index Numbers- 6 (mcq) to study with solutions a complete question bank.
The solved questions answers in this Test: Index Numbers- 6 quiz give you a good mix of easy questions and tough questions. CA Foundation
students definitely take this Test: Index Numbers- 6 exercise for a better result in the exam. You can find other Test: Index Numbers- 6 extra questions,
long questions & short questions for CA Foundation on EduRev as well by searching above.

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.

Solution:

QUESTION: 2

Circular Test is satisfied by

Solution:

QUESTION: 3

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

Solution:

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:

Solution:

QUESTION: 5

Paasche index is based on

Solution:

QUESTION: 6

Fisher ideal index number is

Solution:

QUESTION: 7

Time reversal Test is satisfied by following index number formula is

Solution:

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

Solution:

QUESTION: 9

The factor reversal test is satisfied by

Solution:

QUESTION: 10

Fisher index number is based on

Solution:

QUESTION: 11

The circular test is satisfied by

Solution:

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

Solution:

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

Solution:

QUESTION: 14

The time reversal test is satisfied by

Solution:

QUESTION: 15

The best average for constructing an index numbers is

Solution:

QUESTION: 16

Simple aggregate of quantities is a type of

Solution:

QUESTION: 17

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

Solution:

QUESTION: 18

Laspeyre or Paasche or the Fisher ideal index do not satisfy

Solution:

QUESTION: 19

Fisher Ideal Formula does not satisfy _________test

Solution:

QUESTION: 20

Laspeyre and Paasche method _________time reversal test

Solution:

QUESTION: 21

The number of test of Adequacy is

Solution:

QUESTION: 22

There is no such thing as unweighted index numbers

Solution:

QUESTION: 23

The test of shifting the base is called

Solution:

QUESTION: 24

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

Solution:

QUESTION: 25

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

Solution:

QUESTION: 26

We use price index numbers

Solution:

QUESTION: 27

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

Solution:

QUESTION: 28

________________satisfies circular test

Solution:

QUESTION: 29

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

Solution:

**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 **

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

Solution:

QUESTION: 31

Index numbers are often constructed from the

Solution:

QUESTION: 32

Laspeyre method and Paasche method do not satisfy

Solution:

QUESTION: 33

P_{10} is the index for time

Solution:

QUESTION: 34

P_{01} is the index for time

Solution:

QUESTION: 35

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

Solution:

QUESTION: 36

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

Solution:

QUESTION: 37

Fisher Ideal Formula for calculating index numbers satisfied the __________tests

Solution:

QUESTION: 38

The purpose determines the type of index number to use

Solution:

QUESTION: 39

The index number is a special type of average

Solution:

QUESTION: 40

The choice of suitable base period is at best temporary solution

Solution:

### Weighted Index Numbers

Video | 17:00 min

### PPT - Index Numbers

Doc | 51 Pages

### NCERT Solutions - Index Numbers

Doc | 10 Pages

### Index Numbers Chapter 8

Doc | 14 Pages

- Test: Index Numbers- 6
Test | 40 questions | 40 min

- Test: Index Numbers- 4
Test | 40 questions | 40 min

- Test: Index Numbers
Test | 10 questions | 10 min

- Test: Index Numbers- 5
Test | 40 questions | 40 min

- Test: Index Numbers- 1
Test | 40 questions | 40 min