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INDEX NUMBERS

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

I am also called as Volume Index Number, Who am I?

a)

Price Index Number

b)

Quantity Index Number

c)

Value Index Number

d)

Special Purpose Index Numbers

2.

Current Year is always considered as 100

a)

True

b)

False

3.

Do you think you can use concept of Index no. to measure changes happening around you ,using the formula ?

a)

Yes

b)

No

c)

Maybe

4.

Find odd man out

a)

Price Index Number

b)

Quantity Index Number

c)

Value Index Number

d)

Index Number

5.

Base year for Price Index Number Is denoted as

a)

P0

b)

P1

c)

P0Q0

d)

P1Q1

6.

How did you find this lecture, Share your honest views 👍

4 lines
7.

Suffix for Current year is

a)

0

b)

1

c)

2

d)

3

8.

'0' is the suffix for

(a)  

9.

P0Q0 denotes

a)

Price of Base year

b)

Quantity of Base Year

c)

Value of Base year

d)

None of the above

10.

Do you think Index Numbers are useful while making the budget?

a)

Yes

b)

No

c)

Maybe