Q1.
The number of test of Adequacy is :

2
3
4
5

Solution:

NA

Q2.
Suppose a business executive was earning Rs. 2,050 in the base period, what should be his salary in the current period in his standard of living is to remain the same? Given \(\sum W = 25 \) and \(\sum IW = 3544 :\)

Rs.2096
Rs. 2906
Rs.2106
Rs.2306

Solution:

NA

Q3.
Circular Test is satisfied by :

Paasche's Index Number .
The simple geometric mean of price relatives and the weighted aggregative with fixed weights .
Laspeyre's Index Number
None of these

Solution:

NA

Q4.
Cost of living index numbers are also used to find real wages by the process of :

Base shifting
Spilicing of index numbers
Deflating of index numbers
None of these

Solution:

NA

Q5.
Net monthly salary of an employee was Rs.3000 in 1980.The consumer price index number in 1985 is 250 with 1980 as base year.If he has to be rightly compensated,then the Dearness Allowance to be paid to the employee is:

Rs.4,200
Rs.4,500
Rs.4,900
Rs.7,500

Solution:

NA

Q6.
In 2004 for working class people wheat was selling at an average price of Rs.16 per 20 kg,cloth at Rs.2 per meter , house rent Rs.30 per house and other items at Rs.10 per unit By 2005 cost of wheat rose by Rs.4 per 20 kg, house rent by Rs.15 per house and other items doubled in price.The working class cost of living index for the year 2005 (with 2004 as base) was 160. By how much did cloth rose in price during the period:

1.28
0.99
1.73
1.30

Solution:

NA

Q7.
The Circular Test is known as:

P₀₁x P₁₂ x P₂₀ = 1
P₁₂x P₀₁ x P₂₀ = 1
P₀₁x P₂₀ x P₁₂ = 1
P₀₅x P₁₂ x P₂₀ = 1

Solution:

NA

Q8.
Fisher's index is based on :-

Arithmetic Mean of Laspeyre and Paasche
Geometric Mean of Laspeyre and Paasche
Harmonic Mean of Laspeyre and Paasche
Median of Laspeyre and Paasche

Solution:

NA

Q9.
In Paasche's index,weights are based on :

Current year quantities
Base year quantities
Weighted average prices
None of these

Solution:

NA

Q10.
Fisher's Ideal Index does not satisfy:

Time reversal test
Factor reversal test
Unit test
Circular test

Solution:

NA

Q11.
In Laspeyeres Index Number _______________ . are used as weight .

Base year Price
Current Year Price
Base Year Quntities
Current Year Quntities

Solution:

NA

Q12.
In the data Bowley's and Laspeyre's index number is as follows .Bowley index number = 150 , Lspreye's index number = 180 then Paesche's index number is

120
30
165
None of these

Solution:

NA

Q13.
Consumer price index is commonly known as

Chain Based Index
Ideal index
Wholesale price index
Cost of living index

Solution:

NA

Q14.
If Laspeyre's index number is 90 and Paasche's index number is 160 , then Fisher's index number will _______________ .

144
120
125
None of these

Solution:

NA

Q15.
The index number of prices at a place in the year 2008 is 225 with 2004 as the base year then there is :

averages 125% increase in prices.
averages 225% increase in prices.
averages 100% increase in prices.
None of these

Solution:

NA

Q16.
Net monthly salary of an employee was Rs 3,000. The consumer price index number in 1985 is 250 with 1980 as base year . If he has to be rightly compensated then the additional dearness allowance to be paid to the employee is :

Rs. 4,000
Rs. 4,800
Rs. 3,000
Rs. 4,500

Solution:

NA

Q17.
Time reversal test is satisfied by :

Fisher's formula
Laspeyre's formula
Paasche's formula
Dorbish formula

Solution:

NA

Q18.
Bowley's index = 150, Laspeyer's index = 180, then Paasche's index = __________________ .

120
30
100
None of these

Solution:

NA

Q19.
What is the formula for calculated the deflated value ?

Current value/Price index of current year
(Current value/Price index of current year) x 100
(Current value/Price index of last year) x 100
None of these

Solution:

NA

Q20.
Which of the following statements is true ?

Paasche's Index Number is based on base year quantity
Fisher's Index Number satisfies the circular test
Arithmetic Mean is the most appropriate average for constructing the Index Number
Splicing means constructing one continuous series from two different indices on the basis of common base .

Solution:

NA

Q21.
Monthly salary of an employee was Rs. 10,000 in the year 2,000 and it was increased to Rs. 20,000 in year 2013 while the consumer price index number is 240 in year 2013 with the base year 2000 . What should be his salary in comparison of consumer price index in the year 2013 ?

Rs. 20,000
Rs. 15,000
Rs. 24,000
None of the above

Solution:

NA

Q22.
In a data 2013 as the base year, the index numbers for the prices of the commodity in 2014 and 2015 are 120 and 125 respectively. alculate the index number for 2013 and 2015 if 2014 is taken as the base year.

83.33, 104.17
80, 120
75.4, 137.63
90, 100

Solution:

NA

Q23.
In a data 2014 as the base year, the index numbers for the prices of the commodity in 2016 and 2020 are 108 and 120 respectively. calculate the index number for 2020 if 2016 is taken as the base year.

122
111.11
134
142.86

Solution:

NA

Q24.
________________ play a very important role in the construction of index numbers.

Weights
Classes
Estimations
None

Solution:

NA

Q25.
Consumer price index for the year 1977, was 313, with 1960 as the base year, and was 96 for the year 1960 . The average monthly wages in 1977of the workers into factory be Rs. 160, their real wages is :

Rs . 48.40
Rs .51.12
Rs . 40.30
None of these

Solution:

NA

Q26.
Purchasing power of money is

Reciprocal of price index number
Equal to price index number
Unequal to price index number
None of these

Solution:

NA

Q27.
In the year 2010 the monthly salary of a clerk was Rs. 24,000. The consumer price index was 140 in the year 2010, which rises to 224 in the year 2016. If he has to be rightly compensated, what additional monthly salary to be paid to him ?

Rs.14,400
Rs.38,000
Rs.7,200
None of these

Solution:

NA

Q1. The number of test of Adequacy is :

Q2. Suppose a business executive was earning Rs. 2,050 in the base period, what should be his salary in the current period in his standard of living is to remain the same? Given \(\sum W = 25 \) and \(\sum IW = 3544 :\)

Q3. Circular Test is satisfied by :

Q4. Cost of living index numbers are also used to find real wages by the process of :

Q5. Net monthly salary of an employee was Rs.3000 in 1980.The consumer price index number in 1985 is 250 with 1980 as base year.If he has to be rightly compensated,then the Dearness Allowance to be paid to the employee is:

Q7. The Circular Test is known as:

Q8. Fisher's index is based on :-

Q9. In Paasche's index,weights are based on :

Q10. Fisher's Ideal Index does not satisfy:

Q11. In Laspeyeres Index Number _______________ . are used as weight .

Q12. In the data Bowley's and Laspeyre's index number is as follows .Bowley index number = 150 , Lspreye's index number = 180 then Paesche's index number is

Q13. Consumer price index is commonly known as

Q14. If Laspeyre's index number is 90 and Paasche's index number is 160 , then Fisher's index number will _______________ .

Q15. The index number of prices at a place in the year 2008 is 225 with 2004 as the base year then there is :

Q16. Net monthly salary of an employee was Rs 3,000. The consumer price index number in 1985 is 250 with 1980 as base year . If he has to be rightly compensated then the additional dearness allowance to be paid to the employee is :

Q17. Time reversal test is satisfied by :

Q18. Bowley's index = 150, Laspeyer's index = 180, then Paasche's index = __________________ .

Q19. What is the formula for calculated the deflated value ?

Q20. Which of the following statements is true ?

Q21. Monthly salary of an employee was Rs. 10,000 in the year 2,000 and it was increased to Rs. 20,000 in year 2013 while the consumer price index number is 240 in year 2013 with the base year 2000 . What should be his salary in comparison of consumer price index in the year 2013 ?

Q22. In a data 2013 as the base year, the index numbers for the prices of the commodity in 2014 and 2015 are 120 and 125 respectively. alculate the index number for 2013 and 2015 if 2014 is taken as the base year.

Q23. In a data 2014 as the base year, the index numbers for the prices of the commodity in 2016 and 2020 are 108 and 120 respectively. calculate the index number for 2020 if 2016 is taken as the base year.

Q24. ________________ play a very important role in the construction of index numbers.

Q25. Consumer price index for the year 1977, was 313, with 1960 as the base year, and was 96 for the year 1960 . The average monthly wages in 1977of the workers into factory be Rs. 160, their real wages is :

Q26. Purchasing power of money is

Q27. In the year 2010 the monthly salary of a clerk was Rs. 24,000. The consumer price index was 140 in the year 2010, which rises to 224 in the year 2016. If he has to be rightly compensated, what additional monthly salary to be paid to him ?

Q1.
The number of test of Adequacy is :

Q2.
Suppose a business executive was earning Rs. 2,050 in the base period, what should be his salary in the current period in his standard of living is to remain the same? Given \(\sum W = 25 \) and \(\sum IW = 3544 :\)

Q3.
Circular Test is satisfied by :

Q4.
Cost of living index numbers are also used to find real wages by the process of :

Q5.
Net monthly salary of an employee was Rs.3000 in 1980.The consumer price index number in 1985 is 250 with 1980 as base year.If he has to be rightly compensated,then the Dearness Allowance to be paid to the employee is:

Q7.
The Circular Test is known as:

Q8.
Fisher's index is based on :-

Q9.
In Paasche's index,weights are based on :

Q10.
Fisher's Ideal Index does not satisfy:

Q11.
In Laspeyeres Index Number _______________ . are used as weight .

Q12.
In the data Bowley's and Laspeyre's index number is as follows .Bowley index number = 150 , Lspreye's index number = 180 then Paesche's index number is

Q13.
Consumer price index is commonly known as

Q14.
If Laspeyre's index number is 90 and Paasche's index number is 160 , then Fisher's index number will _______________ .

Q15.
The index number of prices at a place in the year 2008 is 225 with 2004 as the base year then there is :

Q16.
Net monthly salary of an employee was Rs 3,000. The consumer price index number in 1985 is 250 with 1980 as base year . If he has to be rightly compensated then the additional dearness allowance to be paid to the employee is :

Q17.
Time reversal test is satisfied by :

Q18.
Bowley's index = 150, Laspeyer's index = 180, then Paasche's index = __________________ .

Q19.
What is the formula for calculated the deflated value ?

Q20.
Which of the following statements is true ?

Q21.
Monthly salary of an employee was Rs. 10,000 in the year 2,000 and it was increased to Rs. 20,000 in year 2013 while the consumer price index number is 240 in year 2013 with the base year 2000 . What should be his salary in comparison of consumer price index in the year 2013 ?

Q22.
In a data 2013 as the base year, the index numbers for the prices of the commodity in 2014 and 2015 are 120 and 125 respectively. alculate the index number for 2013 and 2015 if 2014 is taken as the base year.

Q23.
In a data 2014 as the base year, the index numbers for the prices of the commodity in 2016 and 2020 are 108 and 120 respectively. calculate the index number for 2020 if 2016 is taken as the base year.

Q24.
________________ play a very important role in the construction of index numbers.

Q25.
Consumer price index for the year 1977, was 313, with 1960 as the base year, and was 96 for the year 1960 . The average monthly wages in 1977of the workers into factory be Rs. 160, their real wages is :

Q26.
Purchasing power of money is

Q27.
In the year 2010 the monthly salary of a clerk was Rs. 24,000. The consumer price index was 140 in the year 2010, which rises to 224 in the year 2016. If he has to be rightly compensated, what additional monthly salary to be paid to him ?