MCQ Class 11 Economics Chapter 7 Index Numbers

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Statistics for Economics

MCQ’s For All Chapters – Economics Class 11th

1. Most widely used weighted index is:

Question 1 of 20

2. Commodities which show considerable price fluctuations could be best measured by a _________

Question 2 of 20

3. _____ in which current year quantities are used

Question 3 of 20

4. The factor reversal test is satisfied by:

Question 4 of 20

5. In chain base method, the base period is:

Question 5 of 20

6. If the index of prices is estimated to be 112 in 2018, it means that in comparison to the base year, prices in 2018 are higher by:

Question 6 of 20

7. Purchasing power of money is:

Question 7 of 20

8. A weighted aggregate price index where the weight for each item is its current-period quantity is called the

Question 8 of 20

9. Circular test is an extension of:

Question 9 of 20

10. A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the

Question 10 of 20

11. If all the values are of equal importance, the index numbers are called:

Question 11 of 20

12. Index numbers are expressed in

Question 12 of 20

13. ______ are devices for measuring differences in the magnitude of a group of related variables

Question 13 of 20

14. The industrial development of a country is reflected by ……………

Question 14 of 20

15. An index that is designed to measure changes in quantities over time is known as the

Question 15 of 20

16. Base year is also known as:

Question 16 of 20

17. The Time series analysis helps to

Question 17 of 20

18. In Laspear’s Index number _____ year quantities are used

Question 18 of 20

19. ________is the index showing changes in the Indian stock market

Question 19 of 20

20. Index numbers are expressed in

Question 20 of 20

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