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.
Circular Test is satisfied by
The price level of a country in a certain year has increased 25% over the base period. The index number is
If the ratio between Laspeyre index number and Paasche Index number is 28:27. Then the missing figure in the following table P is:
Paasche index is based on
Fisher ideal index number is
Time reversal Test is satisfied by following index number formula is
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
The factor reversal test is satisfied by
Fisher index number is based on
The circular test is satisfied by
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
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
The time reversal test is satisfied by
The best average for constructing an index numbers is
Simple aggregate of quantities is a type of
Theoretically, G.M. is the best average in the construction of index numbers. but in practise, mostly the A.M. is used
Laspeyre or Paasche or the Fisher ideal index do not satisfy
Fisher Ideal Formula does not satisfy _________test
Laspeyre and Paasche method _________time reversal test
The number of test of Adequacy is
There is no such thing as unweighted index numbers
The test of shifting the base is called
Each of the following statements is either True or False. Write your choice of the answer by writing F for false.
_______________is concerned with the measurement of price changes over a period of years, when it is desirable to shift the base
We use price index numbers
Each of the following statements is either True or False write your choice of the answer by writing T for True
________________satisfies circular test
The ratio of price of single commodity in a given period to its price in another period is called the
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
When the product of price index and the quantity index is equal to the corresponding value index then the test that holds is
Index numbers are often constructed from the
Laspeyre method and Paasche method do not satisfy
P_{10} is the index for time
P_{01} is the index for time
The formula should be independent of the unit in which or for which price and quantities are quoted in
____________is a point of reference in comparing various data describing individual behaviour.
Fisher Ideal Formula for calculating index numbers satisfied the __________tests
The purpose determines the type of index number to use
The index number is a special type of average
The choice of suitable base period is at best temporary solution
Use Code STAYHOME200 and get INR 200 additional OFF

Use Coupon Code 








