Top 150+ Solved Quantitative Methods for Economic Analysis 1 MCQ Questions Answer
Q. Fisher's Ideal Formula for calculating index nos. satisfies the________ tests
a. units test
b. factor reversal test
c. both a and b
d. do not satisfy any test
Q. _______________ is particularly suitable for the construction of index nos
a. harmonic mean
b. arithmetic mean
c. geometric mean
d. none
Q. The________ of group indices given the General Index
a. harmonic mean
b. arithmetic mean
c. geometric mean
d. none of the above
Q. In computing Index Numbers, ___________ is concerned with the measurement of pricechanges over a period of years, when it is desirable to shift the base
a. unit test
b. circular test
c. time reversal test
d. none of the above
Q. The formula should be independent of the unit in which or for which price and quantitiesare quoted in
a. unit test
b. time reversal test
c. factor reversal test
d. none of the above
Q. Factor Reversal test is satisfied by
a. fisher\s ideal index
b. laspeyres index
c. paasches index
d. none of the above
Q. Laspeyre's method and Paasche's method do not satisfy
a. unit test
b. time reversal test
c. factor reversal test
d. none of the above
Q. We use price index numbers
a. to measure and compare prices
b. to measure prices
c. to compare prices
d. none of the above
Q. Simple aggregate of quantities is a type of
a. quantity control
b. quantity indices
c. both
d. none of the above
Q. The test of shifting the base is called
a. unit test
b. time reversal test
c. circular test
d. none of the above
Q. The price relative is a price index that is determined by
a. (price in period t/base period price)(100)
b. (base period price/price in period t)(100)
c. (price in period t + base period price)(100)
d. none of the above
Q. A composite price index based on the prices of a group of items is known as the
a. laspeyres index
b. paasche index
c. aggregate price index
d. consumer price index
Q. A weighted aggregate price index where the weight for each item is its base periodquantity is known as the
a. paasche index
b. consumer price index
c. producer price index
d. laspeyres index