Official Statistics-Index Numbers (ISS Statistics Paper II (New 2016 MCQ Pattern)): Questions 1 - 6 of 8

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Question number: 1

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

The formula P01=P1Q1P0Q1×100 is used to calculate:

Choices

Choice (4) Response

a.

The Laspeyres price index

b.

The Paasche price index

c.

The Paasche quantity index

d.

The Laspeyres quantity index

Question number: 2

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

Which index number is considered ideal for index number constructions?

Choices

Choice (4) Response

a.

Dorbey’s and Bowley’s method

b.

Lasperey’s method

c.

Paasche’s method

d.

Fisher’s method

Question number: 3

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

The ratio of a new price to the base year price is called the:

Choices

Choice (4) Response

a.

Price relative

b.

Price decrease

c.

Price increase

d.

Price absolute

Question number: 4

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

The Laspeyres price index:

Choices

Choice (4) Response

a.

Regards the current year quantities as fixed

b.

Regards the base year prices as fixed

c.

Regards the base year quantities as fixed

d.

None of the above

Question number: 5

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

A simple aggregate price index:

Choices

Choice (4) Response

a.

Ignores relative quantities

b.

Compares absolute prices to absolute quantities

c.

Considers relative quantities

d.

Compares relative quantities to relative prices

Question number: 6

» Official Statistics » Index Numbers » Types, Need, Data Collection Mechanism, Periodicity

MCQ▾

Question

Which of the following is not the characteristic of Index Numbers?

Choices

Choice (4) Response

a.

Are specialized averages

b.

Measure the gross change in a group of related variables

c.

Measures the net change in a group of related variables

d.

Measure the effect of changes over period of time

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