Index Number

Index number for base year is always considered as

• 1000

• 1

• 0

• 100

Index number is a special type of

• Average

• Dispersion

• Correlation

• None of the above

Index number is always expressed in

• Ratio

• Percentage

• Proportion

• None of the above

An index number of 150 indicates that value is ______ times that of the base period value.

• 150

• 1.5

• 50

• none of the above

In Laspeyre's price index number weight is considered as

• quantity in base year

• quantity during current year

• prices in base year

• prices in current year

Which of the following is used to denote prices in the base period

• 0

• 1

• 10

• 01

In Paasches price index number weight is considered as

• quantity in base year

• quantity in current year

• prices in base year

• prices in current year

A period for which index number is determined is called as

• base period

• normal period

• current period

• none of the above

If all the values are not of equal importance the index number is called

• simple

• weighted

• unweighted

• none

Price Index Numbers measures the changes in

• relative changes in prices of commodities between two periods

• Physical quantity of goods produced

• single variable

• none of the above