Price in proceeding year used in the method is called __________?

Related Mcqs:

1. The ratio of a new price to the base year price is called the___________?

   A. Price decrease
   B. Price absolute
   C. Price increase
   D. Price relative

2. Ratio between given year and base year is called __________ in percentage?

   A. Price relative
   B. Link relative
   C. Retail prices
   D. None of these

3. Average calculated used in index number by __________ method?

   A. Three
   B. Two
   C. Four
   D. One

4. Consumer price Index Number also called _________ is designed to measure changes?

   A. Cost Living Index number
   B. Whole Sale Index number
   C. weighted Index Number
   D. Consumer Index Number

5. In Chain base method, the base period is ________________?

   A. Fixed
   B. Constant
   C. Change
   D. None of these

6. In CPI household budget method also known as:_____________?

   A. Simple average of relatives
   B. Average of weights
   C. Weighted average of relatives
   D. All of above

   Submitted by: Nimra Shaheen

7. A simple aggregate price index_____________?

   A. Ignores relative quantities
   B. Compares relative quantities to relative prices
   C. Compares absolute prices to absolute quantities
   D. Compares relative quantities

8. The Laspeyres price index_____________?

   A. Regards the base year quantities as fixed
   B. Regards the base year price as fixed
   C. Regards the current year quantities as fixed
   D. non of these

9. G.M. between __________ is called to be Fisher’s Index Number?

   A. Paasche’s Index Number
   B. Marshall and Laspeyr’es
   C. Laspeyre’s and Paasche’s
   D. Fisher and Paasche’s

10. Base year quantities are used as weights in _______________?

    A. Laspeyre’s index
    B. Paasche’s index
    C. Fisher’s index
    D. None of these