In CPI household budget method also known as:_____________? A. Simple average of relatives B. Average of weightsC. Weighted average of relatives D. All of above

CPI also named as__________? A. Household price index B. Retail price indexC. Both a and b D. None of these

Most commonly used index number is___________? A. Quantity index numberB. Price index number C. Value index number D. None of these

The formula ∑pnqn/poqn x100 is used to calculate? A. The Laspeyres price index B. The Paasche price indexC. The Paasche quantity index D. The Laspeyres quantity index

The Laspeyres price index_____________? A. Regards the base year quantities as fixed B. Regards the base year price as fixed C. Regards the current year quantities as fixed D. non of these

This index measure the change from month to month in the cost of a representative ‘basket’ of goods and services of the type bought by a typical household? A. Laspeyres Price Index B. Financial time IndexC. Paasche Price Index D.…

A simple aggregate quantity index is used to______________? A. Measure the change in quantity of productB. Measure the overall change in price of a range of products C. Measure the overall change in quantity of range of product. D. Measure…

An index number is used______________? A. To measure changes in quantity B. To measure changes in priceC. To measure changes in a variable over time D. To measure changes in demand

Fisher’s ideal index number is also obtained by _______________? A. Taking A.M. of Laspeyre’s and Paasche’s indexB. Taking G.M. of Laspeyre’s and Paasche’s index C. Both (a) and (b) D. None of these

Base year quantities are used as weights in _______________? A. Laspeyre’s index B. Paasche’s index C. Fisher’s index D. None of these