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Worksheets

CA FOUNDATION ELITE

Total questions: 17

Worksheet time: 17mins

Name
Class
Date
1.

Fisher's Index number is called as ideal index number

because it is satisfying.

a)

Factor reversal test

b)

Time reversal test

c)

Both factor and time reversal test

d)

Circular test

2.

Weighted guarantee means of relative formula

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

a)

Time reversal Fisher's Ideal index

b)

Time reversal Laspeyre's Index

c)

Factor reversal Paasche's index

d)

Factor reversal Fisher's ideal index

3.

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?

a)

Retail Price Index

b)

Laspeyre's Index

c)

Fisher's Index

d)

Paasche's Index

4.

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

number is 140 laspeyre's Index 40 is

a)

187.77

b)

182.86

c)

183.25

d)

NONE

5.

Which of the following index is computed taking the

average of base year and current year?

a)

Marshall- Edgeworth's index

b)

Paasche's index

c)

Laspeyre's Index

d)

Fisher's index

6.

Geometric mean method used in which index number

to find it out

a)

Laspeyres

b)

Paasches

c)

Fishers index Number

d)

None

7.
a)

112.32

b)

112.25

c)

112.26

d)

112.20

8.

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.

a)

Equal

b)

Reciprocal of Marshall Edge worth Index Number

c)

Unequal

d)

Reciprocal of Fisher Index Number

9.

The cost-of-living index is always

a)

Price index number

b)

Quantity index number

c)

Weighted index number

d)

Value index number

10.

Index Numbers are expressed as

a)

Squares

b)

Ratio

c)

Percentages

d)

Combinations

Page

11.

The sale of Cold Drink would go up in summers and go

down in the winters is an example of

a)

Trend Variation

b)

Cyclical Variation

c)

Seasonal Variation

d)

Irregular Variation

12.

Which of the following statement is true?

a)

Paasche's Index Number is based on the base year

quantity

b)

Fisher's Index Number is the Arithmetic Mean of

Laspreyre's Index Number and Paasche's Index number

c)

Arithmetic Mean is the most appropriate average for

constructing the index number

d)

Fisher's Index Number is an Ideal Index Number

13.

The cost-of-living index numbers in years 2015 and

2018 were 97.5 and 115 respectively. The salary of a worker

in 2015 was ₹ 19500. How much additional salary was

required for him in 2018 to maintain some standard of living

as in 2015?

a)

3000

b)

4000

c)

3500

d)

4500

14.

The monthly income of an employee was ₹ 8,000 in

2014. The consumer price index number was 160 in 2014,

which rose to 200 in 2017. If he has to be rightly

compensated, the additional dearness allowance to be paid

to him in 2017 would be:

a)

2400

b)

2750

c)

2500

d)

NONE

15.
a)

148.25

b)

146.41

c)

144.25

d)

NONE

16.

The suitable index number for the comparison of

changes in price level of every year is __

a)

Fixed Base Index Number

b)

Fisher's Ideal Index Number

c)

Chain Base Index Number

d)

Both (a) and (c)

17.

In year 2005 the wholesale price index number is 286

with 1995 as base year, then how much the prices have

increased in 2005 in comparison to 1995?

a)

286%

b)

386%

c)

86%

d)

186%