Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Class 11 Economics (Statistics For Economics) Chapter 8 Index Numbers Quiz 1 (25 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Product APrice Index in year 2020 based on year 2019 = 140Price at year 2019 = RM1.50Price at year 2020 = .....
2. Additive model of time series does not require the assumption of independence of its components.
3. The govt. annonces dearness allownce or bonus to its employees on the basis of
4. In year 2007, a copy of newspaper was sold at RM1.20. However, in year 2008, a consumer has to pay RM1.50 for the same copy of newspaper. Calculate the price index of the newspaper for the year 2008 based on the year 2007
5. Correlation coefficientcis equal to ..... of regression coefficients.
6. A factory produces 8000 cans of drink in the year 2000 and 12000 cans of drink in the year 2001. Calculate the index number for the production of cans of drink in year 2001 based on year 2000.
7. In Paasches price index number weight is considered as
8. The term regression was introduced by .....
9. The consumer price index number for 1981 and 1982 to the base 1974 are 320 and 400 respectively.The consumer price index for 1981 to the base 1982 is
10. Quantity Index is called as Volume Index.
11. The Index No. of the base year is always .....
12. Product APrice Index in the year 2020 based on the year 2019 = 140Price at the year 2019 = RM1.50Price at the year 2020 = .....
13. The following formula of construction of Index No. is constructed by one of the following person, P01= $P01=\\frac{\sum_{ }^{ }P1Q0}{\sum_{ }^{ }P0Q0}\times100$
14. What is an index number
15. How many sectors of the economy are represented by 30 stocks of SENSEX?
16. Product BPrice Index in the year 2020 based on the year 2019 = 125Price at the year 2019 = ..... Price at the year 2020 = RM2.00
17. A series of numbers which show the relative position is known as
18. The unit that we applied for Index Number is .....
19. (HOTS) Based on the year 1995, the index number of an oven for the years 1998 and 2001 are 110 and 130 respectively. Find the index number for the year 2001 based on the year 1998.
20. If the index for 1990 to the base 1980 is 250, the index number for 1980 to the base 1990 is
21. In simple aggregate method, the aggregate price of all items in the given year is expressed as percentage of the same in the
22. Which index number is used to eliminate the effect of changes in prices on aggregates such as national income, capital formation etc.?
23. How many coefficients do you need to estimate in a simple linear regression model (One independent variable)?
24. Price Index Numbers measures the changes in
25. What letter do we use to represent correlation coefficient?
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books