Free Printable Index Number

1.

Index number for base year is always considered as

a)

1000

b)

1

c)

0

d)

100

2.

In Laspeyre's price index number weight is considered as

a)

quantity in base year

b)

quantity during current year

c)

prices in base year

d)

prices in current year

3.

In Paasches price index number weight is considered as

a)

quantity in base year

b)

quantity in current year

c)

prices in base year

d)

prices in current year

4.

A period for which index number is determined is called as

a)

base period

b)

normal period

c)

current period

d)

none of the above

5.

If all the values are not of equal importance the index number is called

a)

simple

b)

weighted

c)

unweighted

d)

none

6.

Price Index Numbers measures the changes in

a)

relative changes in prices of commodities between two periods

b)

Physical quantity of goods produced

c)

single variable

d)

none of the above

7.

A company sold 1200 units of brand X smartphones in the year 2015 and 1500 units in the year 2018. Calculate the index number for the number of smartphones sold in the year 2018 based on the year 2015

a)

125

b)

150

c)

175

d)

120

8.

The number of students in a school decreased from 1600 students in the year 2017 to 1520 students in the year 2018. Calculate the index number to show the change in the number of students in they year 2018 based on the year 2017.

a)

97

b)

100

c)

95

d)

98

9.

The price index of a double storey terrace in the year 2000 based on the year 1984 was 150. If the price of the terrace was RM 139 500 in the year 2000, find its price in the year 1984.

a)

RM 53 000

b)

RM 93 000

c)

RM 90 000

d)

RM 50 000

10.

The average monthly telephone bill for a school in the year 2005 was RM 70.00. The index number of the telephone bill is 125 in the year 2012, using of the year 2005 as the base year. Calculate the average monthly telephone bill for the school in the year 2012.

a)

RM 83.50

b)

RM 80.00

c)

RM 89.60

d)

RM 87.50

11.

The price index for a bowl of curry mee in the year 1996 based on the year 1990 was 140 and the price index for a bowl of curry mee in the year 2000 based on the year 1996 was 105. Find the price index of bowl of curry mee in the year 2000 based on the year 1990.

a)

165

b)

147

c)

139

d)

150

12.

If $p_0$ & $p_1$ represents the base and current year prices. Price relative is ...

a)

$\frac{\text{}P_1}{P_0}$

b)

$\frac{\text{}P_1}{P_1}$

c)

$\frac{\text{}P_0}{P_1}$

d)

None of the above

13.

The index number which uses both Base and Current year quantities is

a)

Paasches Index Number

b)

Laspeyres Index Number

c)

Fisher Index Number

d)

None of the above

14.

Equation for Simple aggregative Index Number is....

a)

$\frac{\sum_{ }^{ }P_1}{\sum_{ }^{ }P_0}\times100$

b)

$\frac{\sum_{ }^{ }P_0}{\sum_{ }^{ }P_1}\times100$

c)

None of these

15.

Example for a weighted Index Number

a)

$\frac{\sum_{ }^{ }P_1}{\sum_{ }^{ }P_0}\times100$

b)

$\frac{\sum_{ }^{ }P_0}{\sum_{ }^{ }P_1}\times100$

c)

None of these

d)

$\frac{\sum_{ }^{ }P_1Q_0}{\sum_{ }^{ }P_0Q_0}\times100$

16.

$\frac{\sum_{ }^{ }p_1q_0}{\sum_{ }^{ }p_0q_0}\times100$

Identify the index number with the above formula

a)

Paasches Index Number

b)

Laspeyres Index Number

c)

Fisher Index Number

d)

None of the above

17.

The value of base year is always 100

a)

TRUE

b)

FALSE

18.

The following is the uses of index number except

a)

measure the living cost

b)

analyse the market price of goods

c)

measure the difference of production

d)

calculate the fixed deposit dividend

19.

The production of health food in the year 2020 is 11 151 boxes. If the production index of the health food in the year 2020 based on year 2017 is 135 , find the total production of the health food in the year 2017.

a)

11 500

b)

8 200

c)

8 260

d)

15 054

20.

The price index for a kilogram of garlic in the year 2016 based on the year 2014 is 115. If the kilogram of the garlic in the year 2014 is RM7.00 , find the price per kilogram of the garlic in the year 2016.

a)

RM 8.05

b)

RM 6.09

c)

RM 7.14

d)

RM 1.05

21.

The value of weightage in composite index can be represents by percentage only.

a)

TRUE

b)

FALSE

22.

The price index for three items A,B and C in the year 2019 based on the year 2011 is 115,120 and 140 respectively. Find the composite index for all three items in the year 2011.

a)

25

b)

75

c)

125

d)

175

23.

The production quantity index for three item X,Y and Z in the year 2020 based on the year 2010 is 110 ,120 and 80 respectively with the ratio of 3:2:5 . Calculate the composite index for all three items in the year 2020 based on the year 2010.

a)

113

b)

97

c)

103

d)

197

24.

15 % price increase ”

Which number index represents the statement above

a)

85

b)

185

c)

115

d)

15

25.

Calculate the price at year 2018 for item F

(a)

26.

Calculate the price at year 2017 for item G.

(a)

27.

Calculate the price index for item D.

(a)

28.

Calculate the price index for item C.

(a)

29.

Calculate the price at year 2017 for item E.

(a)

30.

Calculate the price index for item B.

(a)

31.

Calculate the price index for item A.

(a)

Index Number

Total questions: 31

Worksheet time: 16mins

Similar Resources on Wayground