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[1] The number of test of Adequacy is :, , (a)2 (b) 3 (c)4 (a) 5, , , , The consumer price index for 2006 on the basis of 2005 from the following data ¢:, , Commodities Quantities Price Prices f, consumed in 2005 in 2006, in 2005, , , , 515 600ow, 5.00 8.00, 6.00 9.00, 8.00 10.00, 2.00 | 1.60 9, 20.00 | 18.00, , ‘ |, (a) 128.77 (b) 148.77 (c) 138.77 114.77, , , , , , , , , , , , , , Suppose a business executive was earning Rs.2, 050 inthe base period. what should be his, salary in the current period if his stage of living is to remain the same? Given £W = 25, and DW = 3544:, , (a) Rs.2095 (b)Rs.2906 > (c) Rs.2106 (6) Rs.2306, , Bowley's index number is expressed in terms of :, , (a) f, _ Laspeyre's + Paasche's, | SF a, , Laspeyre's x Paasche's, , P 2, (c), - Laspeyre's — Paasche's, ‘ ss 2, (d) ; None of these, , Fisher's ideal formula for calculating index number satisfies the, (a) Unit Test (b) Factor Reversal Test (c) Both (a) &(b) — (d) None of these, , [6] Calculate the Fisher ideal index from the following data :, Price (Rs.) Quantity, (000 kg.)
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Commodity 2004 | 2005 | 2004, Rice 9300 45 100, 64 3.7 WU, 5.4 27 5, , (a) 49.13 (b) 48.13 (c) 84.13 (d) 46.12, Circular Test is satisfied by :, , (a) Paasche's Index Number., , (b) The simple geometric mean of price relatives and the weighted aggregative with fixed weights, (c) Laspeyre's Index Number, , (d) Nona of these, , From the following data :, Group: A 8, Group Index : 120 132, | Weight: 5 |3, The general index is given by :, , , , , , , , , , , , , , , , , , (a) 113.54 (b) 115.30 (c) 117.92 (d) 111.30, Cost of living index numbers are also used to find real wages by the process of :, , (a) Base shifting (b) Splicing of index numbers, (c) Deflating of index numbers (d) None of these, , The prices of a commodity in the year 1975 and 1980 were 25 and 30 respectively. Taking, 1980 as the base year the price relative is :, , (a) 113.25 (b) 83.33 (c) 109.78 (d) None, , [11] From the following data :, , , , Base Year Current Year, Commodity Price | Quantity Prico | Quantity, 7 7 13 26, , 6 23 7 25, , ah] 14 13 15, , 4 10 8 8, , The Marshal Edgeworth index number is :, , , , , , , , , , , , , , (a) 144.19 (b) 143.91 (c) 4900 (d) 140.31, , [12] 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:
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(a) Rs.4,200 (b) Rs.4,500 (c) Rs.4,900 (d) Rs.7,500, [13] Pro is the index for time :, (a)Oon1 (b) 1 on 0 (c)10n1 (d)0on0, , [14] An enquiry into the budgets of middle class families in a village gave the following, information :, , Expenses on © Food Rent ‘Clothing Fuel Others:, , 0% 1% 2% 10% 26% ‘, , Price in 100 20 i. » 40 ~|, , Rs. in 1887:, , , , , , , , Price in, Rs. in 1967:, , , , , , , , , , , , , , =ZPW = 10101.5 ZW log P = 199.494. The price Index number based on Weighted Arithmetic, Mean of price relatives is :, , (a) 111.015 (b) 101.015 (c) 0.0197 (@) None, , [15] Shifted Price index, Original Price Index, , = Price index of the year on which It has tobosbifted x 100;, , (a) True (b) False (Co) Partly True (d) Partly False, , [16] Given the following information :, , , , , , , , Commodity, A, B, te, Which of the following is true :, , , , , , , , , , , , , , (a) Marshall Edgeworth index for 2003 is 105.13, , (b) Fisher's index for 2003 is 90.15., , (c) Marshall Edgeworth Index Number is good approximation to Fisher's Index Number, (d) None of these, , [17] Laspeyare's and Paasche's Method Time Reversal Test :, (a) Do not satisfy (b) Satisfy (c) Depends on the Case (d) Can't say., , [18] Chain Index is equal to:, (a)
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link relative of current year x, chain index of the current year, 100, , link relative of current year x, chain index of the previous year, 100, , link relative of previous year x, chain index of the current year, , 100, (d) None of these, , [19] 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 :, , (a) 1.28 (b) 0.99 (c) 1.73 (d) 1.30, , [20] The ratio of price of the single commodity in a given period to its price In another period is, called :, , (a) Price Ratio (b) Price Relative (c) Base Period (d) None of these, , [21] Consumer Price Index Number goes up from 100 to 200 and salary of a worker is also raised, from 300 to 500, , (a) 300 (b) 250 (c) 600 (d) 350, , [22] Using following data, find Paasche's Index Number, Base Year Current Year, Commodity Price | Quantity Price Quantity, 5 25 € 30, 3 8 4, 2 10 3 8, 3, , , , , , , , 10, , 10 4 5, , , , , , , , , , (a) 109.21 (b) 105.28 (c) 110.32 (d) 120.21, [23] The Circular Test is known as :, , (a) Pot xP12 x Pao= 1 (b) P12 xPo1 P20 = 1, (c) Paox P12 Por= 1 (d) Paz x Pa: Pir2=1, , [24] Fisher's Index is based on:
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(a) Arithmetic Mean of Laspeyre and Paasehe (b) Geometric Mean of Laspeyre and Paasche, (c) Harmonic Mean of Laspeyre and Pesache (d) Median of Laspeyre and Paasche., , [25] In Passche's index, weights are based on :, , (a) Current year quantities (b) Base year quantifies, (c) Weighted average prices (d) None of these, , [26] Fisher's Ideal Index does not satisfy :, , (a) Time Reversal Test (b) Factor Reversal Test, (c) Unit Test (d) Circular test, , [27] Por Qar= me which of following test satisfies the above?, , (a) Time Reversal Test (b) Factor Reversal Test, (c) Circular Test (d) None of these., , [28] Time reversal & factor reversal are:, , (a) Quantity Index (b) Ideal Index (c) Price Index (d) Test of Consistency, [29] In Laspeyeres Index Number. are used as weights?, , (a) Base year price (b) Current year price, , (c) Base year quantities (d) Current year quantities, , [30] In the data group Bowley's and Laspeyre's index number Is as follows. Bewley's Index, number = 150, Lspeyre's index number = 180 then Paesche's index number is, , (a) 120 (b) 30 (c) 165 (d) None of these, , [31] Consumer price Index is commonly known as, , (a) Chain Based index (b) Ideal index, (c) Wholesale price index (d) Cost of living index., , [32] Find the paasche's index number for prices from the following data taking 1970 as the base, , year., 1570 1975, Commodity | Price | Commodity | Price | Commodity, a 7 é 3, 3 8, 4, , , , 5, 5 5 5, c a 10 é, , , , , , , , , , , , , , (a) 261.36 (b) 265.48 (c) 274.32 (d) 282, , [33] The life expectancy, E of male is o linear function of time (year). It is given that in 1980 the
