Choose the most appropriate option (a) (b) (c) or (d)
Q.A series of numerical figures which show the relative position is called
Index no. for the base period is always taken as
_________ play a very important part in the construction of index nos.
________ is particularly suitable for the construction of index nos.
Index nos. show _________ changes rather than absolute amounts of change.
The ________ makes index nos. time-reversible.
Price relative is equal to
Index no. is equal to
The ________ of group indices given the General Index
Circular Test is one of the tests of
__________ is an extension of time reversal test
Circular test Is an extension of time reversal test
Weighted G.M. of relative formula satisfy ________test
Factor Reversal test is satisfied by
Laspeyres formula does not obey
A ratio or an average of ratios expressed as a percentage is called
The value at the base time period serves as the standard point of comparison
An index time series is a list of _______ nos. for two or more periods of time
Index nos. are often constructed from the
__________ is a point of reference in comparing various data describing individual behaviour.
The ratio of price of single commodity in a given period to its price in another period is called the
Chain index is equal to
P01 is the index for time
P10 is the index for time
When the product of price index and the quantity index is equal to the corresponding value index then
The formula should be independent of the unit in which or for which price and quantities are quoted in
Laspeyres method and Paasche’s method do not satisfy
Correct Answer :- B
The purpose determines the type of index no. to use
The index no. is a special type of average
The choice of suitable base period is at best temporary solution
Fisher’s Ideal Formula for calculating index nos. satisfies the _______ tests
Fisher’s Ideal Formula dose not satisfy _________ test
_________________ satisfies circular test
Laspeyre's and Paasche’s method _________ time reversal test
There is no such thing as unweighted index numbers
Theoretically, G.M. is the best average in the construction of index nos. but in practice, mostly the A.M. is used
Laspeyre’s or Paasche’s or the Fisher’s ideal index do not satisfy
___________ is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base
The test of shifting the base is called
Which among the following statements is INCORRECT?