Stats Multiple choice from past papers
1. If all values are considered equal in calculating an index, the index is
A. simple
B. weighted
C. un-weighted
D. None of these
2. Which price indices is made by Federal Bureau of statistics?
A. Consumer price index
B. Sensitive price index
C. The whole seller price index
D. All of the above
3. The weighted average of the relative price index is the same as __________ when the base year values are used as weights.
A. The laspeyer’s index
B, The Paasche’s index
C. Fisher’s index
D. none of these
4. Which method of making consumer price index number is the laspeyer’s index number?
A. Family budget method
B. Aggregate expenditure method
C. both a and b
D. none of these
5.commodities whose price changes can be measured by a
A. Value index
B. Price index
C. Quantity index
D. none of these
6. The consumer price index number is also known as
A. The cost of living index number
B. The wholesale price index number
C. The retail price index number
D. both a and b
7. In quantity index __________ weights are used.
A. prices
B. Average of quantities
C. percentage of total quantities
D. None of these
8. _________ indices has downward bias.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these
9. In a price index ___________ weights are used.
A. prices
B. quantities
C. percentage of total quantities
D. None of these
10. When computing a weighted index which method uses quantities consumed in the current period.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these
11. In the construction of composite index, best average used is ____________
A. median
B. arithmetic mean
C G.M
D. H.M
12. When computing a weighted index which method uses quantities consumed in the base period.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these