WorksheetsFINAL EXAM - MATH
Total questions: 50
Worksheet time: 50mins
Name
Class
Date
1.
An orderly set of data arranged in accordance with their time of occurrence is called:
a)
Arithmetic series
b)
Harmonic series
c)
Geometric series
d)
Time series
2.
A time series consists of:
a)
Short-term variations
b)
Long-term variations
c)
Irregular variations
d)
All of the choices
3.
The graph of time series is called:
a)
Histogram
b)
Straight line
c)
Ogive
d)
Historigram
4.
The secular trend is measured by the method of semi-averages when:
a)
Time series based on yearly values
b)
Time series consists of even number of values
c)
None of the choices
d)
Trend is linear
5.
Increase in the number of patients in the hospital due to heat stroke is:
a)
Secular trend
b)
Irregular variation
c)
Cyclical variation
d)
Seasonal variation
6.
The systematic components of time series which follow regular pattern of variations are called:
a)
Noise
b)
Additive model
c)
Multiplicative model
d)
Signal
7.
The unsystematic sequence which follows irregular pattern of variations is called:
a)
Noise
b)
Linear
c)
Non-linear
d)
Signal
8.
In time series seasonal variations can occur within a period of:
a)
Four years
b)
Three years
c)
Nine years
d)
One year
9.
Wheat crops badly damaged on account of rains is:
a)
Cyclical movement
b)
Secular trend
c)
Seasonal movement
d)
Random movement
10.
The method of moving average is used to find the:
a)
Seasonal variation
b)
Cyclical variation
c)
Irregular variation
d)
Secular trend
11.
A price index which is based on the prices of the items in the composite, weighted by their relative index is called
a)
Weighted aggregative price index
b)
price relative
c)
Consumer price index
d)
Simple aggregative index
12.
A weighted aggregate price index in which the weight for each variable is considered its current-period quantity is:
a)
Paasche’s’ index
b)
Aggregative index
c)
Laspeyres Index
d)
Consumer Price index
13.
An index constructed to measure changes in quantities over a period of time is
a)
Quantity index
b)
Quality index
c)
Time series index
d)
Value index
14.
Index number is a special type of
a)
Average
b)
Correlation
c)
Dispersion
d)
None of the choices
15.
Index number is always expressed in
a)
Percentage
b)
Proportion
c)
Ratio
d)
None of the choices
16.
In Laspeyres price index number weight is considered as
a)
Quantity in base year
b)
Prices in base year
c)
Quantity in current year
d)
Prices in current year
17.
In Paasche’s price index number weight is considered as
a)
Quantity in base year
b)
Prices in base year
c)
Quantity in current year
d)
Prices in current year
18.
When the prices of rice are to be compared, we compute:
a)
Price index
b)
Volume index
c)
Value index
d)
Aggregative index
19.
Purchasing power of money can be accessed through:
a)
Consumer price index
b)
Simple index
c)
Value index
d)
Volume index
20.
Cost of living at two different cities can be compared with the help of:
a)
Consumer price index
b)
Un-weighted index
c)
Value index
d)
Volume index
21.
Simple aggregate of quantities is a type of
a)
Quantity indices
b)
Quantity control
c)
Both Quantity indices and Quantity control
d)
None of the choices
22.
There is no such thing as unweighted index numbers
a)
False
b)
True
c)
Both True and False
d)
None of the choices
23.
____________ play a very important part in the construction of index numbers.
a)
Weights
b)
Classes
c)
Estimations
d)
None of the choices
24.
____________ is a point of reference in comparing various data describing individual behavior.
a)
Base period
b)
Sample
c)
Estimation
d)
None of the choices
25.
A series of numerical figures which show the relative position is called
a)
Index number
b)
Relative number
c)
Absolute number
d)
None of the choices
26.
Index numbers show_________ changes rather than absolute amounts of change.
a)
Percentage
b)
Relative
c)
Both Percentage and Relative
d)
None of the choices
27.
An index time series is a list of_______ numbers for two or more periods of time.
a)
Index
b)
Relative
c)
Absolute
d)
None of the choices
28.
The ratio of price of single commodity in a given period to its price in another period is called the
a)
Base period
b)
Price ratio
c)
Relative price
d)
None of the choices
29.
A ratio or an average of ratios expressed as a percentage is called
a)
An index number
b)
A relative number
c)
An absolute number
d)
None of the choices
30.
What is the index number of the base period?
a)
100
b)
10
c)
200
d)
300
31.
In semi averages method, if the number of values is odd then we drop:
a)
Middle value
b)
First value
c)
Last value
d)
Middle two values
32.
For even number of years when origin is in the center and the unit of X being half year, then X can be coded as:
a)
X = (year – average of years)/0.5
b)
X = year – average of years
c)
X = (year – average year)/2
d)
X = year – ½ average of years
33.
For even number of years when origin is in the center and the unit of X being one year, then X can be coded as:
a)
X = year – average of years
b)
X = year – 0.5 average of years
c)
X = (year – average year)/2
d)
X = average of years – year
34.
For odd number of year, formula to code the values of X by taking origin at center is:
a)
X = year – average of years
b)
X = year – last year
c)
X = year – first year
d)
X = year – ½ average of years
35.
The straight line is fitted to the time series when the movements in the time series are:
a)
Linear
b)
Nonlinear
c)
Irregular
d)
Upward
36.
When the production of thing is decreasing, this stage is called:
a)
Recession
b)
Recovery
c)
Prosperity
d)
Depression
37.
When the production of thing is increasing towards prosperity, this stage is called as:
a)
Recession
b)
Recovery
c)
Boom
d)
Depression
38.
When the production of a thing is minimum, this stage is called:
a)
Recession
b)
Recovery
c)
Prosperity
d)
Depression
39.
When the production of a thing is maximum, this stage is called:
a)
Recession
b)
Recovery
c)
Boom
d)
Depression
40.
A business cycle has:
a)
One stage
b)
Two stages
c)
Three stages
d)
Four stages
41.
A pattern that is repeated throughout a time series and has a recurrence period of at most one year is called:
a)
Cyclical variation
b)
Irregular variation
c)
Long term variation
d)
Seasonal variation
42.
The difference between the actual value of the time series and the forecasted value is called:
a)
All of the choices
b)
Sum of squares of residual
c)
Sum of variation
d)
Residual
43.
A time series has:
a)
Two components
b)
Three components
c)
Five components
d)
Four components
44.
The rise and fall of a time series over periods longer than one year is called:
a)
Secular trend
b)
Seasonal variation
c)
Irregular variation
d)
Cyclical variation
45.
Moving-averages:
a)
Give the trend in a straight line
b)
Measure the seasonal variations
c)
None of the choices
d)
Smooth-out the time series
46.
Depression in business is:
a)
Secular trend
b)
Seasonal
c)
Irregular
d)
Cyclical
47.
The best fitting trend is one which the sum of squares of residuals is:
a)
Negative
b)
Zero
c)
Maximum
d)
Least
48.
In moving average method, we cannot find the trend values of some:
a)
Middle periods
b)
End periods
c)
Starting periods
d)
Between extreme periods
49.
The general pattern of increase or decrease in economics or social phenomena is shown by:
a)
Seasonal trend
b)
Cyclical trend
c)
Irregular trend
d)
Secular trend
50.
Damages due to floods, droughts, strikes fires and political disturbances are:
a)
Trend
b)
Seasonal
c)
Cyclical
d)
Irregular
100 %
