Page 1 :
Test Index Number FM 50 Time 90 Min, , 1. The test of shifting the base is called, (a) Unit test (b) Time reversal test (c) Circular test (d) None, . The Circular test is an extension of, (a) Time reversal test (b) Factor reversal test, (c) Unit test (d) None of these, . In a circular test the condition must be satisfied, (a) Pos * Pi2 * Pao = 1 (b) Poz2 x Pao x =, (c) Pio * Pao * Pai = 1 (d) None of these, . The simple Aggregative formula and weighted aggregative form, (a) Factor reversal test (b) Circular test (c), . Circular test is met by, (a) Laspeyre's Index number, (b) Paasche’s Index number, (c) The simple geometric mean of price relatives aggregative with fixed weights., (d) None of these, . Circular test is not met by, (a) The simple Geometric mean of pric, (b) The weighted aggregative with fixed, (c) Laspeyre’s or Paasche’s or the\Fi f Index, (d) None of these, . Laspeyre’s method and Paa thod do not satisfy, (a) Unit test (b) Time reversal test, (d) None holds, tests., (b) Factor reversal test, (d) All the above, sche’s or the Fisher's ideal index do not satisfy, ersal test (b) Unit test (c) Circular test (d) None, , (a) Simple aggregative index number (b) Paasche's index number, (c) Laspeyre’s index number (d) None of these, , 11. Time reversal test is satisfied by following index number formula is, (a) Laspeyre's Index number, (b) Simple Arithmetic mean of price relative formula
Page 2 :
Index Number FM 50 Time 90 Min, , (c) Marshall-Edgeworth formula, (d) None of these, 12.\dentify False Statements, (a) Base year quantities are taken as weights in Laspeyre's price Index number, (b) Fisher's ideal index number formula does not satisfy time reversal test, (c) Laspeyre’s index number formula does not satisfy time reversal test, (d) None of these, 13.“Neither Laspeyre’s formula nor Paasche’s formula obeys”, (a) Time reversal and factor reversal tests of index numbers, (b) Unit test and circular tests of Index number, (c) Time reversal and unit test of index number, (d) None of these, 14, The quantity index number using Fisher's formula s, (a) Unit test, (c) Circular test, 15. The time Reversal test is not satis’, (a) Fisher's Ideal Index (b) Marshall Edge worth method, (c) Laspeyre’s and Paasche’s method, , 16. The index number due to Wal n by =P 0.0,, = ov ost, , (a) Time reversal test (b) Factor reversal test, (d) None of these, , x 100 satisfies, , (b) Paasche’s index, (d) None of these, test., (b) Circular test (c) Time reversal test (d) None of these, , $ (b) Laspeyre's index, (c) Paasche's index (d) Simple aggregative index, 20. Both the time and factor reversal tests are satisfied by, (a) Laspeyre’s index (b) Fisher's index (c) Paasche's index (d) Bowley’s index, 21.A good index number is one that satisfies, (a) Unit test (b) Time reversal test
Page 3 :
Index Number FM 50 Time 90 Min, , (c) Factors reversal test (d) All the above tests, 22.Identify the correct statement., , (a) Index Numbers are the signs and guide posts along the business highway that indicate to the, businessman how he should drive or manage, , (b) “For construction of index numbers, the best method on theoretical ground is not the best, method from practical point of view’., , (c) Weighting index numbers makes them less representative., (d) Fisher's index number is not an ideal index number., 23. Which of the following is not correct?, (a) Geometric mean is the most appropriate average to be used for cons lex number., (b) ende me result., , (c) dices - not a right, compromise, economically speaking’., , (d) “Like all statistical tools, index numbers must be use, , 24. Identify False Statements, (a) Base year quantities are taken as weight in Pa . e index number., (b) Edge worth Marshall's index numb asa e reversal test., , (c) The Arithmetic mean of Laspeyre’s, numbers., , (d) None of these, , 25. \dentify False Statements, (a) Current year price are ta, (b) Fisher's Ideal Indexefo, (c), , (d), , 27.1f with a rise of 10% in prices the wages are increased by 20% the real wage increase by, (a) 10% (b) More than 10% (c) Less than 10% (d) 20%, , 28.If the prices of all commodities in a place have increased 1.25 times in comparison to the, base period, the index number of prices of that place is now, , (a) 125 (b) 150 (c) 225 (d) None of these
Page 4 :
Test Index Number FM 50 Time 90 Min, , 29.If the index number of prices at a place in 1994 is 250 with 1984 as base year, then the prices, have increased on average, , (a) 250% (b) 150% (c) 350% (d) None of these, , 30.If the prices of all commodities in a place have decreased 35% over the base period prices,, then the index number of prices of that place is now, , (a) 35 (b) 135 (c) 65 (d) None of these, , 31.Consumer Price Index number for the year 1957 was 313 with 1940 as 96 the, Average Monthly wages in 1957 of the workers into factory be € 160 their wage!, , (a) = 48.40 (b) = 51.12 (c) = 40.30 (d) None Se, , 32. If [Poqo = 3500 and 2Pnqo = 3850 The Cost of living Index for 1960 with to base 1950, is, , (a) 110 (b) 90, , 33. The price relative for the year 1986 with reference 0 is the percent the, price increased in 1986 over 1985 is, , (a) The price during the 1986 increased by 20% ove, , (d) None of these, , 34. With the year 1960 as the base the C: x in 1972 stood at 250. X was getting a, monthly salary of € 500 in 1960 and @ 75 n 1972 to maintain his standard of living, as in the year 1960, the extra allow, , (c) = 300 (d) None of these, , mployee was ¥% 800 p.m. The consumer price index, 00 in 194. If he has to be rightly compensated. The, , (c) = 200 (d) = 125, , e Sale prices is 152 for August 1999 compared to August 1998., et increase in prices of whole sale commodities to the extent of, , b) 35% (c) 52% (d) 48%, country in a certain year has increased 25% over the base period. The, , (b) 125 (c) 225 (d) 2500, umber of prices at a place in 1998 is 355 with 1991 as base. This means, (a) There has been on the average a 255% increase in price, (b) There has been on the average a 355% increase in price, (c) There has been on the average a 250% increase in price, (d) None of these
Page 5 :
Test Index Number FM 50 Time 90 Min, , 39.If the prices of all commodities in a place have increased 125 times in comparison to the, base period prices, then the index number of prices for the place is now, , (a) 100 (b) 125 (c) 225 (d) None of the above, , 40. The whole sale price index number or agricultural commodities in a given region at a given, date is 280. The percentage use in prices of agricultural commodities over the base period, is:, , (a) 380 (b) 280 (c) 180 (d) 80, , 41.1f now the prices of all the commodities in a place have been decrease: 85% the, base period prices, then the index number of prices is now (index nu r of prices, period = 100):, , (a) 100 (b) 135 (c) 65 (d) these, 42.From the following data with 1966 as base year, , , , Commodity Qty, , , , A, , , , , , , , , , , , , , The price per unit of commodity A in 1, (a) 25 (b) 76 (d) = 12, 43.From the data given below, , , , Commodity, , , , 250, , , , , , , , index number is, (b) 155.8 (c) 145.8 (d) None of these, , dex with base 1965 is 200 and 1985 index with base 1960 is 150, the index 1970, on base 1960 will be:, , (a) 700 (b) 300 (c) 500 (d) 600, , 45.In 1996 the average price of a commodity was 20% more than in 1995 but 20% less chan in, 1994; and more over it was 50% more than in 1997 to price relatives using 1995 as base (1995, price relative 100) Reduce the data is:, , (a) 150, 100, 120, 80 for (1994-97) (b) 135, 100, 125, 87 for (1994-97)
