Important questions on Index Number for M entrance exam-2014 Q1. The Paasche’s index number is based on (A) Base year Quantities (B) Current year quantities (C) Average of current and base year (D) None of these Q2. Fisher’s ideal index is the? (A) Arithmetic mean of Laspeyre’s and Paasche’s indexes (B) Median of Laspeyre’s and Paasche’s indexes (C) Geometric mean of Laspeyre’s and Paasche’s indexes (D) None of these Q3. The circular test is satisfied by (A) Simple aggregate index (B) Paasche’s index (C) Fisher’s index (D) Laspeyre’s index Q4. The index used to measure changes in total money value is called? (A) Price tax (B) Quantity tax (C) Value tax (D) None of these Q5. Fisher’s ideal index formula satisfies? (A) Circular test (B) Time reversal test (C) Factor reversal test (D) Both B and C
Posted on: Fri, 20 Sep 2013 17:52:10 +0000