Free Printable Index Numbers

1.

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

2.

Which of the following index number is based on Geometric Mean

a)

Paasches Index Number

b)

Fishers Index Number

c)

Simple Index Number

d)

Bowleys Index Number

3.

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

4.

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

5.

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)

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

6.

Laspeyres Index Number is 112 and Paasches Index Number is 175. Fishers Index Number is

a)

112

b)

175

c)

140

d)

200

7.

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

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

8.

Fishers Index Number satisfies Factor reversal test.

a)

b)

9.

(HOTS)

Based on the year 1995, the index number of an oven for the years 1998 and 2001 are 110 and 130 respectively. Find the index number for the year 2001 based on the year 1998.

a)

117.17

b)

118.18

c)

117.2

d)

118.2

10.

The unit that we applied for Index Number is ...

a)

RM

b)

KG

c)

KM

d)

No specific unit

Index Numbers

Total questions: 10

Worksheet time: 5mins

Similar Resources on Wayground