Q. Earthquake is an example of
✅ Correct Answer: (D)
irregular variation
Quantitative Methods for Economic Analysis 2 MCQs and Notes
Q. Data which are collected, observed or recorded at successive intervals of time is known as ……
✅ Correct Answer: (B)
time series
Q. Test to determine whether a given method will work both forward & backward
✅ Correct Answer: (C)
time reversal test
Q. Which of the following is described as ‘barometers of economic activity’?
✅ Correct Answer: (A)
index number
Q. Measures of change in the level of phenomenon is called
✅ Correct Answer: (D)
index numbers
Q. Paasches index number is based on
✅ Correct Answer: (B)
current year quantity
Q. Cost of living index is known as
✅ Correct Answer: (A)
consumer price index
Q. The method which is not used for estimating seasonal components of a time series
✅ Correct Answer: (D)
method of least squares
Q. Factor reversal list permits the interchange of
✅ Correct Answer: (B)
price & quantity
Q. Purchasing power of money
✅ Correct Answer: (C)
100/