# Test: Index Numbers- 6

## 40 Questions MCQ Test Quantitative Aptitude for CA CPT | Test: Index Numbers- 6

Description
Attempt Test: Index Numbers- 6 | 40 questions in 40 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Quantitative Aptitude for CA CPT for CA Foundation Exam | Download free PDF with solutions
QUESTION: 1

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QUESTION: 2

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QUESTION: 3

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

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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

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QUESTION: 6

Fisher ideal index number is

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QUESTION: 7

Time reversal Test is satisfied by following index number formula is

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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

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QUESTION: 9

The factor reversal test is satisfied by

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QUESTION: 10

Fisher index number is based on

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QUESTION: 11

The circular test is satisfied by

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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

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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

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QUESTION: 14

The time reversal test is satisfied by

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QUESTION: 15

The best average for constructing an index numbers is

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QUESTION: 16

Simple aggregate of quantities is a type of

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QUESTION: 17

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

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QUESTION: 18

Laspeyre or Paasche or the Fisher ideal index do not satisfy

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QUESTION: 19

Fisher Ideal Formula does not satisfy _________test

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QUESTION: 20

Laspeyre and Paasche method _________time reversal test

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QUESTION: 21

The number of test of Adequacy is

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QUESTION: 22

There is no such thing as unweighted index numbers

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QUESTION: 23

The test of shifting the base is called

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QUESTION: 24

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

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QUESTION: 25

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

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QUESTION: 26

We use price index numbers

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QUESTION: 27

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

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QUESTION: 28

________________satisfies circular test

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QUESTION: 29

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

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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

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QUESTION: 31

Index numbers are often constructed from the

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QUESTION: 32

Laspeyre method and Paasche method do not satisfy

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QUESTION: 33

P10 is the index for time

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QUESTION: 34

P01 is the index for time

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QUESTION: 35

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

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QUESTION: 36

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

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QUESTION: 37

Fisher Ideal Formula for calculating index numbers satisfied the __________tests

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QUESTION: 38

The purpose determines the type of index number to use

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QUESTION: 39

The index number is a special type of average

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QUESTION: 40

The choice of suitable base period is at best temporary solution

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