McqMate
Chapters
| 1. |
A series of numerical figures which show the relative position is called |
| A. | index no. |
| B. | relative no. |
| C. | absolute no. |
| D. | none |
| Answer» A. index no. | |
| 2. |
Index no. for the base period is always taken as |
| A. | 200 |
| B. | 50 |
| C. | 1 |
| D. | 100 |
| Answer» D. 100 | |
| 3. |
play a very important part in the construction of index nos |
| A. | weights |
| B. | classes |
| C. | estimations |
| D. | none |
| Answer» A. weights | |
| 4. |
___is particularly suitable for the construction of index nos. |
| A. | H.M |
| B. | A.M. |
| C. | G.M |
| D. | None |
| Answer» C. G.M | |
| 5. |
Index nos. show changes rather than absolute amounts of change. |
| A. | Relative |
| B. | Percentage |
| C. | Both |
| D. | None |
| Answer» B. Percentage | |
| 6. |
The makes index nos. time-reversible |
| A. | A.M |
| B. | G.M. |
| C. | H.M |
| D. | None |
| Answer» B. G.M. | |
| 7. |
Index no. is equal to |
| A. | sum of price relatives |
| B. | average of the price relatives |
| C. | product of price relative |
| D. | none |
| Answer» B. average of the price relatives | |
| 8. |
The of group indices given the General Index |
| A. | H.M. |
| B. | G.M. |
| C. | A.M |
| D. | none |
| Answer» C. A.M | |
| 9. |
Circular Test is one of the tests of |
| A. | index no’s |
| B. | hypothesis |
| C. | both |
| D. | none |
| Answer» A. index no’s | |
| 10. |
____ is an extension of time reversal test |
| A. | Factor Reversal test |
| B. | Circular test |
| C. | Both |
| D. | None |
| Answer» B. Circular test | |
| 11. |
Weighted G.M. of relative formula satisfy test |
| A. | Time Reversal Test |
| B. | Circular test |
| C. | Factor Reversal Test |
| D. | None |
| Answer» A. Time Reversal Test | |
| 12. |
Factor Reversal test is satisfied by: |
| A. | Fisher’s Ideal Index |
| B. | Laspeyres Index |
| C. | Paasches Index |
| D. | None |
| Answer» A. Fisher’s Ideal Index | |
| 13. |
Laspeyre's formula does not obey: |
| A. | Factor Reversal Test |
| B. | Time Reversal Test |
| C. | Circular Test |
| D. | None |
| Answer» B. Time Reversal Test | |
| 14. |
A ratio or an average of ratios expressed as a percentage is called |
| A. | a relative no |
| B. | an absolute no. |
| C. | an index no. |
| D. | none |
| Answer» C. an index no. | |
| 15. |
The value at the base time period serves as the standard point of comparison |
| A. | False |
| B. | True |
| C. | Both |
| D. | None |
| Answer» B. True | |
| 16. |
An index time series is a list of nos. for two or more periods of time |
| A. | Index |
| B. | Absolute |
| C. | Relative |
| D. | None |
| Answer» A. Index | |
| 17. |
Index nos. are often constructed from the |
| A. | Frequency |
| B. | Class |
| C. | Sample |
| D. | None |
| Answer» C. Sample | |
| 18. |
__________ is a point of reference in comparing various data describing individual behavior. |
| A. | Sample |
| B. | Base period |
| C. | Estimation |
| D. | None |
| Answer» B. Base period | |
| 19. |
The ratio of price of single commodity in a given period to its price in another period is called the |
| A. | base period |
| B. | price ratio |
| C. | relative price |
| D. | none |
| Answer» A. base period | |
| 20. |
P01 is the index for time |
| A. | 1 on 0 |
| B. | 0 on 1 |
| C. | 1 on 1 |
| D. | 0 on 0 |
| Answer» A. 1 on 0 | |
| 21. |
When the price of a divided by the price of the preceding year, we, get: |
| A. | Value index |
| B. | Link relative |
| C. | Simple relative |
| D. | None of them |
| Answer» B. Link relative | |
| 22. |
The most appropriate average in averaging the price relatives is: |
| A. | Median |
| B. | Harmonic mean |
| C. | Arithmetic mean |
| D. | Geometric mean |
| Answer» D. Geometric mean | |
| 23. |
In constructing index number geometric mean relatives are: |
| A. | Non-reversible |
| B. | Reciprocal |
| C. | Reversible |
| D. | None of them |
| Answer» C. Reversible | |
| 24. |
The general purchasing power of the currency of a country is determined by: |
| A. | Retail price index |
| B. | Volume index |
| C. | Composite index |
| D. | Whole-sale price index |
| Answer» D. Whole-sale price index | |
| 25. |
What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices: |
| A. | Whole sale price index |
| B. | Consumer's price |
| C. | Quantity |
| D. | None of them |
| Answer» B. Consumer's price | |
| 26. |
Which of the following is a component of timer series; |
| A. | Secular trend |
| B. | Correlation |
| C. | Regression |
| D. | Consumer price index |
| Answer» A. Secular trend | |
| 27. |
Which of the following is a method of measuring trend: |
| A. | Freehand curve |
| B. | Bar graph |
| C. | Histogram |
| D. | System Analysis |
| Answer» A. Freehand curve | |
| 28. |
Cyclical variations are caused by |
| A. | Trade business cycles |
| B. | Elections |
| C. | Changes in foreign exchange |
| D. | Changes in interest rates |
| Answer» A. Trade business cycles | |
| 29. |
Periodic movements with duration longer than a year are called |
| A. | Seasonal movements |
| B. | Cyclic movements |
| C. | Social movements |
| D. | Cultural movements |
| Answer» B. Cyclic movements | |
| 30. |
Seasonal variations are short term variations with period |
| A. | less than 6 months |
| B. | less than 5 years |
| C. | less than 1 year |
| D. | more than 10 years |
| Answer» C. less than 1 year | |
| 31. |
The component of time series useful for long term forecasting is |
| A. | Secular trend |
| B. | Seasonal variation |
| C. | Cyclical variation |
| D. | Irregular variation |
| Answer» A. Secular trend | |
| 32. |
If the growth rate is constant, the trend is – |
| A. | linear |
| B. | non linear |
| C. | curvy |
| D. | wavy |
| Answer» A. linear | |
| 33. |
The trend line Y=a+bX obtained by the least Squares method is known as the line of |
| A. | best fit |
| B. | fit best |
| C. | best neutral |
| D. | nonlinear fit |
| Answer» A. best fit | |
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