Study Simplify Special
All Questions
Showing 52 of 52 questions
Which method is useful to compare the long term variations in the values of the variable?
Which consumption is used in the calculation of Laspeyre's index number?
Which prices are considered in the construction of the cost of living index number?
Which expenditure of items is assigned as weights in the method of family budget?
Which average is considered as the best average in construction of the index number?
Which index number gives idea of the standard of living of people?
The price of an item increased by 4.5 times in the current year as compared to the base year. What will be the price index number?
If the purchasing power of money is 0.75 in the year 2016 with respect to the base year 2015 then what will be the price index number for the year 2016?
If the cost of living index number for the people of a class is 200 for the year 2016 with respect to the year 2015, which of the following statements is true?
If , which of the following statements is true?
If the average disposable income of families of a class is ₹ 20,000 in the year 2013 and if the cost of living index number of that class for the year 2015 with the base year 2013 is 130, what should be the average disposable income of the families of this class in the year 2015?
What weight is assigned as expenditure to the price relatives of the items to obtain the formula for Paashe's index number?
What is a price relative?
Which method is more suitable to compare the changes in a variable at two different time periods?
If the quantity index number of an item for a certain year is 130, interpret it.
What is a base year?
Write the formula for the conversion of chain base index number into fixed base index number.
Define the index number.
Define the cost of living index number.
What is weight?
What is implicit weight?
Name the important basic tests of index numbers.
What is a chain base index number?
'The price index number of oil is ₹ 500.' State whether this statement is true or false and if false, correct and rewrite it.
Which index number is used to find the rate of inflation? Write the formula to find the rate of inflation.
Which index number is used in India to find the rate of dearness allowance?
State the main difference between fixed base method and chain base method.
In which method does the base year change each year?
Which is the appropriate average for the construction of index number?
How should be the base year in the calculation of index number?
What is the general index number for a group? Write its formula.
What is the difference between absolute measure and relative measure of change?
State five characteristics of index number.
Why is index number called a special average?
State any five uses of index number.
Why is index number called the 'barometer of the economy'?
What are the criteria for selecting a good base year?
What is the difference between base year and current year?
Define the Fixed Base Method of constructing index numbers.
State the merits of Fixed Base Method.
State the limitations of Fixed Base Method.
State the merits of Chain Base Method.
State the limitations of Chain Base Method.
Differentiate between Fixed Base Method and Chain Base Method.
State Laspeyre's formula for index number.
State Paasche's formula for index number.
What is Fisher's ideal index number? Why is it called ideal?
Write Fisher's formula in terms of and .
State two limitations of Cost of Living Index Number.
What is the formula to convert Fixed Base index numbers to Chain Base index numbers?
What is the formula for the general index number using weighted average method?
What is the value of index number for the base year?