Chapter:

# 30+ Unit 4 Solved MCQs

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Chapter: Unit 4
1.

A. index no.
B. relative no.
C. absolute no.
D. none
2.

A. 200
B. 50
C. 1
D. 100
3.

A. weights
B. classes
C. estimations
D. none
4.

A. H.M
B. A.M.
C. G.M
D. None
5.

A. Relative
B. Percentage
C. Both
D. None
6.

A. A.M
B. G.M.
C. H.M
D. None
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.

A. H.M.
B. G.M.
C. A.M
D. none
9.

A. index no’s
B. hypothesis
C. both
D. none
10.

## ____ is an extension of time reversal test

A. Factor Reversal test
B. Circular test
C. Both
D. None
11.

## Weighted G.M. of relative formula satisfy test

A. Time Reversal Test
B. Circular test
C. Factor Reversal Test
D. None
12.

## Factor Reversal test is satisfied by:

A. Fisher’s Ideal Index
B. Laspeyres Index
C. Paasches Index
D. None
13.

## Laspeyre's formula does not obey:

A. Factor Reversal Test
B. Time Reversal Test
C. Circular Test
D. None
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
15.

A. False
B. True
C. Both
D. None
16.

A. Index
B. Absolute
C. Relative
D. None
17.

A. Frequency
B. Class
C. Sample
D. None
18.

A. Sample
B. Base period
C. Estimation
D. None
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
20.

A. 1 on 0
B. 0 on 1
C. 1 on 1
D. 0 on 0
21.

## When the price of a divided by the price of the preceding year, we, get:

A. Value index
C. Simple relative
D. None of them
22.

## The most appropriate average in averaging the price relatives is:

A. Median
B. Harmonic mean
C. Arithmetic mean
D. Geometric mean
23.

## In constructing index number geometric mean relatives are:

A. Non-reversible
B. Reciprocal
C. Reversible
D. None of them
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
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
26.

## Which of the following is a component of timer series;

A. Secular trend
B. Correlation
C. Regression
D. Consumer price index
27.

## Which of the following is a method of measuring trend:

A. Freehand curve
B. Bar graph
C. Histogram
D. System Analysis
28.

## Cyclical variations are caused by

B. Elections
C. Changes in foreign exchange
D. Changes in interest rates
29.

## Periodic movements with duration longer than a year are called

A. Seasonal movements
B. Cyclic movements
C. Social movements
D. Cultural 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
32.

A. linear
B. non linear
C. curvy
D. wavy
33.

A. best fit
B. fit best
C. best neutral
D. nonlinear fit