Q. Fisher’s ideal index Number satisfies
✅ Correct Answer: (A)
time reversal & factor reversal list
Quantitative Methods for Economic Analysis 2 MCQs and Notes
Q. The day to day irregularities in business activity are the example of
✅ Correct Answer: (D)
random or erratic fluctuations
Q. Simple fixed quantity relative
✅ Correct Answer: (C)
× 100
Q. Index Numbers measure
✅ Correct Answer: (A)
the change in base year prices
Q. Consumer price index number indicates
✅ Correct Answer: (A)
the general price level
Q. In consumer price index number weights are determing on the basis of ………..
✅ Correct Answer: (B)
the consumption pattern of the class of population
Q. Which of the following statement is not correct ? Fishers’ index :
✅ Correct Answer: (B)
is the arithmetic mean of l & p
Q. The major purpose of price index is to measure change in the …………
✅ Correct Answer: (C)
buying power of money
Q. If the Paasches’ index is 196 and Fishers index is 210, What is the value of the Laspeyres’ index?
✅ Correct Answer: (C)
225
Q. Which one of the following index numbers is based on Geometric Mean ?
✅ Correct Answer: (B)
fischer’s index number