Chap#4, Index No Business Statistics Quiz

= (Pn / Pn-1 ) x 100 is the formula of:

• Price Relative

• Link Relative

• Index number

• Chain Indices

Index numbers are called Barometers of:

• Statistics

• Economics

• Mathematics

• Accounting

Index number for a base period is always ___________

• 100

• NIL

• 1

• Same Number

In the Chain base method, the base period is

• Fixed

• Not Fixed

• Constant

• Zero

To measure the relative change in price or quantity, we use ____________

• Current Year

• Base year

• All past year

• All current years

First Index was calculated in:

• America

• Germany

• England

• Italy

Pn / Po x 100 Is Price relative formula

• Fixed base Index number

• Chain base Index number

• Link Relative

Index numbers are classified into:

• 2 Categories

• 3 Categories

• 4 Categories

• 5 Categories

Index number is a number that measures a relative change in a single commodity with respect to a base

• Simple Index

• Composite Index

• Chain base Index

• All of them

(Link Relative of current year X Index Number of previous year ) / 100 is the formula of:

• Fixed Base Chain Indices

• Chain Indices

• Fixed Base

• Link Relative