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Test: Index Numbers- 1 - CA Foundation MCQ


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30 Questions MCQ Test - Test: Index Numbers- 1

Test: Index Numbers- 1 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Index Numbers- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Index Numbers- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Index Numbers- 1 below.
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Test: Index Numbers- 1 - Question 1

Choose the most appropriate option (a) (b) (c) or (d)

Q.A series of numerical figures which show the relative position is called

Test: Index Numbers- 1 - Question 2

Index no. for the base period is always taken as

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Test: Index Numbers- 1 - Question 3

_________ play a very important part in the construction of index nos.

Test: Index Numbers- 1 - Question 4

________ is particularly suitable for the construction of index nos.

Test: Index Numbers- 1 - Question 5

Index nos. show _________ changes rather than absolute amounts of change.

Test: Index Numbers- 1 - Question 6

The ________ makes index nos. time-reversible.

Test: Index Numbers- 1 - Question 7

Price relative is equal to

Test: Index Numbers- 1 - Question 8

Index no. is equal to

Test: Index Numbers- 1 - Question 9

The ________ of group indices given the General Index

Test: Index Numbers- 1 - Question 10

Circular Test is one of the tests of

Test: Index Numbers- 1 - Question 11

__________ is an extension of time reversal test

Detailed Solution for Test: Index Numbers- 1 - Question 11

Circular test Is an extension of time reversal test 

Test: Index Numbers- 1 - Question 12

Weighted G.M. of relative formula satisfy ________test

Test: Index Numbers- 1 - Question 13

Factor Reversal test is satisfied by

Test: Index Numbers- 1 - Question 14

Laspeyre's method and Paasche's method do not satisfy -

Detailed Solution for Test: Index Numbers- 1 - Question 14

The correct option is B—all of these.
Laspeyres' method and Paasche's method are both used in price statistics to calculate price indexes.

Test: Index Numbers- 1 - Question 15

A ratio or an average of ratios expressed as a percentage is called

Test: Index Numbers- 1 - Question 16

The value at the base time period serves as the standard point of comparison

Test: Index Numbers- 1 - Question 17

An index time series is a list of _______ nos. for two or more periods of time

Test: Index Numbers- 1 - Question 18

Index nos. are often constructed from the

Test: Index Numbers- 1 - Question 19

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

Test: Index Numbers- 1 - Question 20

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

Test: Index Numbers- 1 - Question 21

Test: Index Numbers- 1 - Question 22

Chain index is equal to

Test: Index Numbers- 1 - Question 23

P01 is the index for time

Test: Index Numbers- 1 - Question 24

P10 is the index for time

Test: Index Numbers- 1 - Question 25

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

Test: Index Numbers- 1 - Question 26

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

Test: Index Numbers- 1 - Question 27

Laspeyres method and Paasche’s method do not satisfy

Detailed Solution for Test: Index Numbers- 1 - Question 27

Correct Answer :- B

 

Test: Index Numbers- 1 - Question 28

The purpose determines the type of index no. to use

Test: Index Numbers- 1 - Question 29

The index no. is a special type of average

Test: Index Numbers- 1 - Question 30

The choice of suitable base period is at best temporary solution

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