Index Numbers(Quiz)
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Question 1 of 10
1. Question
What is actual difference and relative change if price of a cloth in 2015 was ₹ 200 and price in 2020 is ₹ 250? CorrectIncorrect 
Question 2 of 10
2. Question
Which symbol is used for the price of the base year? CorrectIncorrect 
Question 3 of 10
3. Question
Index numbers for the base period is taken as CorrectIncorrect 
Question 4 of 10
4. Question
It is the price of the current period expressed as a percentage of the price at the base period. CorrectIncorrect 
Question 5 of 10
5. Question
Fishers method of calculating index number is based on which mean? CorrectIncorrect 
Question 6 of 10
6. Question
Base year is also known as CorrectIncorrect 
Question 7 of 10
7. Question
It is considered as ideal method for the construction of Index Number CorrectIncorrect 
Question 8 of 10
8. Question
Choose the correct option (i) In notation P_{01}, 1 stands for reference year
(ii) In notation P_{01}, 0 stands for current year
CorrectIncorrect 
Question 9 of 10
9. Question
Calculate price index number for 2020 taking 2015 as the base year from the following data by Simple Aggregative Method Commodities A B C D Price in 2015 (in ₹) 3 5 5 3 Price in 2020 (in ₹) 6 6 6 4 CorrectIncorrect 
Question 10 of 10
10. Question
Calculate index number from the following by Fisher’s method Commodities A B C Price in 2015 (in ₹) 12 8 2 Price in 2020 (in ₹) 30 15 3 Quantity in 2015 5 3 3 Quantity in 2020 3 2 4 CorrectIncorrect
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