index number

Question 1

chain index number

Answer 1

link relative of cy X chain index of py /
100

Question 2

deflating time series includes

Answer 2

deflated value
current value
real wages

Question 3

deflated value

Answer 3

current value/
price index of cy

Question 4

current value

Answer 4

base price/
current price

Question 5

real wages

Answer 5

(actual wages / CLl) x 100

Question 6

shifting

Answer 6

original rpice index/.
price index of the year on which it has o be shifted

Question 7

test of adequacy how mnay

Answer 7

4

Question 8

unit test

Answer 8

satisfied by all except simple unweightaged aggregative index

Question 9

time reversal test

Answer 9

p01 x p10 = 1
satisfed by fishers

Question 10

factor reversal test

Answer 10

p01 x q01 = v01

Question 11

circular test

Answer 11

p01 x p12 x p20 = 1
satisified by
simple gm of price relatives
weighted agg with fixed weights

Question 12

time reversal and factor reversal are

Answer 12

test of consistency

Question 13

a series of nuerical figures which show the realtive positons

Answer 13

index number

Question 14

the circular test is an extension of

Answer 14

time reversal test

Question 15

index number are expressed as

Answer 15

percentages

Question 16

index no. are not helpful in

Answer 16

indentifying errors

Question 17

the cost of living index is alwas

Answer 17

weightaged index number

Question 18

which test is known for shift base index no.

Answer 18

circular test

Question 19

which of the following is not apporparatie for caluclation o index number

Answer 19

price relative test

Question 20

which of the following index measures the change from month to month in the cost of a represntative basket of goods and services of the type which are bought by a typical household

Answer 20

retail price index

Question 21

in price index when a new commodity is required to be added which index is used

Answer 21

shifted price index

Question 22

purhcasinf power of money is

Answer 22

reciprocal of price index number

Question 23

the formula should be indpeendent of the unit in wich or for which price and qunities are quoted in

Answer 23

unit test

Question 24

the best avg for ocnstructing index no. is

Answer 24

gm

Question 25

the weighted average fo price realtived=s of commodities when the wegiht is equal to the vale of ocmmodities in base yar yiels —— index number

Answer 25

laspyres

Question 26

which test should be considered nexessarilty to verify the consistency while we select ana ppropraiate index formula

Answer 26

time reversal and factor reversal

Question 27

simple aggregative method- aka and formula

Answer 27

aka unwieghtaged method
summaiton pn / EPo X 100

Question 28

simple avg of price relatives

Answer 28

summation ((pn/po)x 100) / N

Question 29

geometric mean of price relatives

Answer 29

pn pn
— x. —— ……., whole raise 1/n
po po

Question 30

weighted average method aka

Answer 30

general index
cost of living index number

Question 31

weighted average of relatives

Answer 31

.Pn
summation( —– x (PoQo) )
. Po
——————– x 100
summation PoQo

Question 32

value indices

Answer 32

summation PoQo

summation Vn
summation Vo