In CPI household budget method also known as:_____________?

In CPI household budget method also known as:_____________?

A. Simple average of relatives
B. Average of weights
C. Weighted average of relatives
D. All of above

CPI also named as__________?

CPI also named as__________?

A. Household price index
B. Retail price index
C. Both a and b
D. None of these

Most commonly used index number is___________?

Most commonly used index number is___________?

A. Quantity index number
B. Price index number
C. Value index number
D. None of these

The formula ∑pnqn/poqn x100 is used to calculate?

The formula ∑pnqn/poqn x100 is used to calculate?

A. The Laspeyres price index
B. The Paasche price index
C. The Paasche quantity index
D. The Laspeyres quantity index

The Laspeyres price 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?

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 Index
C. Paasche Price Index
D. Retail Price Index

A simple aggregate quantity index is used to______________?

A simple aggregate quantity index is used to______________?

A. Measure the change in quantity of product
B. Measure the overall change in price of a range of products
C. Measure the overall change in quantity of range of product.
D. Measure the change in price of a product

An index number is used______________?

An index number is used______________?

A. To measure changes in quantity
B. To measure changes in price
C. To measure changes in a variable over time
D. To measure changes in demand

Fisher’s ideal index number is also obtained by _______________?

Fisher’s ideal index number is also obtained by _______________?

A. Taking A.M. of Laspeyre’s and Paasche’s index
B. 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 _______________?

Base year quantities are used as weights in _______________?

A. Laspeyre’s index
B. Paasche’s index
C. Fisher’s index
D. None of these