Fisher's Index number is called as ideal index number

because it is satisfying.

• Factor reversal test

• Time reversal test

• Both factor and time reversal test

• Circular test

Weighted guarantee means of relative formula

satisfies _____ test while as factor reversal test is satisfied by_.

• Time reversal Fisher's Ideal index

• Time reversal Laspeyre's Index

• Factor reversal Paasche's index

• Factor reversal Fisher's ideal index

Which of the following index measures the change

from month to month in the cost of a representative basket

of goods and services of the type which are bought by a

typical household?

• Retail Price Index

• Laspeyre's Index

• Fisher's Index

• Paasche's Index

If Fisher's index number is 160 and paasche's index

number is 140 laspeyre's Index 40 is

• 187.77

• 182.86

• 183.25

• NONE

Which of the following index is computed taking the

average of base year and current year?

• Marshall- Edgeworth's index

• Paasche's index

• Laspeyre's Index

• Fisher's index

Geometric mean method used in which index number

to find it out

• Laspeyres

• Paasches

• Fishers index Number

• None

• 112.32

• 112.25

• 112.26

• 112.20

When the prices for quantities consumed of all

commodities are changing in the same ratio, then the index

numbers due to Laspeyre's and Paasche's will be.

• Equal

• Reciprocal of Marshall Edge worth Index Number

• Unequal

• Reciprocal of Fisher Index Number

The cost-of-living index is always

• Price index number

• Quantity index number

• Weighted index number

• Value index number

Index Numbers are expressed as

• Squares

• Ratio

• Percentages

• Combinations

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