Introduction to Index Number - Online Test
Q1. The price relative is a price index that is determined by
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. A composite price index based on the prices of a group of items is known as the
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. A weighted aggregate price index where the weight for each item is its base period quantity is known as the
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. A monthly price index that measures the changes in the prices of goods sold in a primary market is known as the
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. A weighted aggregate price index where the weight for each item is its current-period quantity is called the
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. An index that is designed to measure changes in quantities over time is known as the
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. If the wholesale price index for week 1is 200 and for week 2 is 250 then rate of inflation
Answer : Option A
Explaination / Solution:
No Explaination.
Q10.
Calculate index numbers from the following data by simple aggregate method taking prices of 2000 as base.
Answer : Option C
Explaination / Solution:
No Explaination.
