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

Related Mcqs:

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

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

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

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

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

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

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

   A. Fixed Method
   B. Chain Method
   C. Aggregation Method
   D. Volume

5. The index number of base period is always:_______________?

   A. 100
   B. 200
   C. The price of that year
   D. None of these

6. 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

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. Qon means _________ for the given year?

   A. Price
   B. Commodity
   C. Quantity in current
   D. Quantity Index

10. The average monthly production of a factory for the first 8 months is 2,500 units, and for the next 4 months the production was 1,200 units. The average monthly production of the year will be_____________?

    A. 2066.55 units
    B. 5031.10 units
    C. 4021.12 units
    D. 3012.11 units