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An index number is a/an __________ measure.

• Average

• General

• Relative

• Absolute

Index number used to determine the need of foreign exchange is ________.

• Wholesale price index number

• Index number of national income

• Industrial index number

• Index number of import export

In the construction of an index number , the ideal average is _____________.

• geometric mean

• arithmetic mean

• harmonic mean

• none

The percentage ratio of wage to cost of living index number is _________.

• real wage

• natural wage

• original wage

• artificial wage

___________ method is useful to compare the short term variations in the values of the variable.

• Chain base method

• Laspeyre's method

• Fixed base method

• Paasche's method

_____________ index number is used to find rate of inflation.

• Retail price

• Wholesale price

• average price

• fixed price