This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household?

Related Mcqs:

1. An Index number which measure the change of a _____ is called Aggregative 1. No?

   A. Industrial activity
   B. Retail price
   C. Cost of living
   D. Goods consumed

2. Measure the change in quantity of goods are called ________________?

   A. Simple 1. No.
   B. Aggregative 1. No.
   C. Appropriate
   D. Quantity Index Number

3. 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

4. The index numbers are used to measure seasonal and cyclical variations in __________?

   A. Commodities
   B. Time Series
   C. Whole sale
   D. Realtives

5. 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

6. The Index number are used to measure seasonal and cyclical variations in ____________?

   A. Wholesale
   B. Relatives
   C. commodities
   D. Time series

7. An Index number of an average quality of wheat in Lahore__________ Index?

   A. Volume Index Number
   B. value Index Number
   C. Quantity Index Number
   D. Weighted Index Number

8. The measure of dispersion is changed by a change of_____________?

   A. Origin
   B. Scale
   C. Algebraic Signs
   D. None

9. Index Number is an important role in the field of Economic and ________________?

   A. Science
   B. Education
   C. Intelligence
   D. Business

10. The object of Index number also determines its _______________?

    A. Index Number
    B. Special purpose
    C. Reliable
    D. Scope