Top 150+ Solved Quantitative Methods for Economic Analysis 2 MCQ Questions Answer
Q. Index Numbers measure
a. the change in base year prices
b. the change in current year prices
c. real changes
d. none of the above
Q. The day to day irregularities in business activity are the example of
a. secular trend
b. seasonal fluctuations
c. cyclical fluctuations
d. random or erratic fluctuations
Q. Fisher’s ideal index Number satisfies
a. time reversal & factor reversal list
b. only time reversal list
c. only factor reversal list
d. circular list
Q. Fishers ideal index is obtained as :
a. the sum of laspeyre’s & paasche’s indices
b. the geometric mean of laspeyer’s & paasche’s indices
c. the arithemetic mean of laspeyer’s & paasche’s indices
d. the harmonic mean of laspeyre’s & paasche’s indices
Q. Laspeyres index measures change in
a. fixed market basket
b. current consumption
c. both fixed and current market basket
d. none
Q. is the formula for calculating
a. fishers index
b. bowley’s method
c. laspeyre’s index
d. paasche’s index
Q. Recurrent variations in time series that usually last longer than a year is known as ……………
a. seasonal variation
b. secular trend
c. irregular variation
d. cyclical variation
Q. Paasche’s index measures change in
a. fixed market basket
b. current consumption
c. both fixed and current market
d. none
Q. A lock-out in a factory for a month is associated with the component of timeseries
a. trend
b. seasonal variation
c. cyclic variation
d. irregular variation
Q. Consumer price index number is constructed for
a. a well defined section of people
b. workers only
c. all people
d. all the above
Q. Which one is not the test of index Number
a. unit test
b. time reversal test
c. triangular test
d. factor reversal test
Q. The average of Laspeyre’s and Paasche’s index number which gives Fisher’sindex number is
a. am
b. gm
c. hm
d. weighted average
Q. Factor reversal list permits the interchange of
a. base periods
b. price & quantity
c. weights
d. none of the above