Introduction To Index Number CBSE Questions & Answers

Introduction To Index Number

This is Economics Class 11 Introduction to Index Number CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the
  • A
    none of the above
  • B
    price relative
  • C
    CPI
  • D
    weighted aggregate price index
    Correct
2
A weighted aggregate price index where the weight for each item is its current-period quantity is called the
  • A
    Aggregate index
  • B
    Consumer Price Index
  • C
    Laspeyres Index
  • D
    Paasche Index
    Correct
3
An index that is designed to measure changes in quantities over time is known as the
  • A
    Quantity index
    Correct
  • B
    Time index
  • C
    None of the above
  • D
    Paasche index
4
If the wholesale price index for week 1is 200 and for week 2 is 250 then rate of inflation
  • A
    300
  • B
    250
  • C
    150
  • D
    200.0
    Correct
5
Calculate index numbers from the following data by simple aggregate method taking prices of 2000 as base.
Question 5 figure 1
  • A
    140
  • B
    120.0
    Correct
  • C
    130
  • D
    150
6
Construct price index number from the following data by applying(Laspeyere’ s Method)
Question 6 figure 1
  • A
    145.93
    Correct
  • B
    145.91
  • C
    154.32
  • D
    144.82
7
Construct price index number from the following data by applying(Paasche’ s Method)
Question 7 figure 1
  • A
    148.7
    Correct
  • B
    145.5
  • C
    148.5
  • D
    144.7
8
Taking 1999 as base year calculate index number of the year 2004
Question 8 figure 1
  • A
    210
  • B
    220
  • C
    240.0
    Correct
  • D
    230
9
Construct price index number from the following data by applying(Fisher’ s ideal Method
Question 9 figure 1
  • A
    144.7
  • B
    147.3
    Correct
  • C
    147.5
  • D
    144.5
10
Compute the weighted index number for the following data.
Question 10 figure 1
  • A
    150.0
    Correct
  • B
    130
  • C
    120
  • D
    140
11
Calculate price index number for 2004 taking 1994 as the base year from the following data by simple aggregative method:
Question 11 figure 1
  • A
    140
  • B
    150
  • C
    120
  • D
    130.0
    Correct
12
Find index number for year 2005 taking 2000 as the base year from the following data by simple average of price relative method:
Question 12 figure 1
  • A
    135.32
  • B
    154.32
  • C
    121.32
  • D
    122.32
    Correct
13
From the data given below, find Paasche’s price index:
Question 13 figure 1
  • A
    69.84
    Correct
  • B
    69.82
  • C
    68.42
  • D
    68.85
14
An enquiry into the budgets of the middle class families in a certain city gave the following information : What is the cost of living index during the year 2004 as compared with 1995?
Question 14 figure 1
  • A
    134.5
  • B
    132.5
  • C
    134.49
    Correct
  • D
    131.48
15
Taking 1999 as base year calculate index number of the year 2000
Question 15 figure 1
  • A
    150
  • B
    130
  • C
    160
  • D
    140.0
    Correct