Question 1

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

Accepted Answer

A) Value index 
B) Link relative 
C) Simple relative 
D) None of them 
A) Value index 
B) Link relative 
C) Simple relative 
D) None of them

Question 2

The value at the base time period serves as the standard point of comparison

Accepted Answer

A) False 
B) True 
C) Both 
D) None 
A) False 
B) True 
C) Both 
D) None

Question 3

The makes index nos. time-reversible

Accepted Answer

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

Question 4

Index nos. show changes rather than absolute amounts of change.

Accepted Answer

A) Relative 
B) Percentage 
C) Both 
D) None 
A) Relative 
B) Percentage 
C) Both 
D) None

Question 5

Factor Reversal test is satisfied by:

Accepted Answer

A) Fisher's Ideal Index 
B) Laspeyres Index 
C) Paasches Index 
D) None 
A) Fisher's Ideal Index 
B) Laspeyres Index 
C) Paasches Index 
D) None

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

The value at the base time period serves as the standard point of comparison