Skip to content
p.paperbanao.
Continue

Punjab (PTB) · Chapter test · Free

2nd Year Business Statistics Chapter 4 TestIndex Numbers

30 marks · 40 minutes · 21 questions. Covers: CHAP 4: Index Numbers.

Your school name

2nd Year Business Statistics Chapter 4 Test

2nd Year · Business Statistics · Punjab (PTB)

Name: ____________Roll No: ________Class/Section: ________Date: ________Total marks: 30Time: 40 minutes

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

  1. The ratio obtained by dividing the price in a given year by the price in proceeding year are called:

    1. Volume relatives

    2. Price relatives

    3. Link relatives

    4. None

  2. Index numbers are basically classified into:

    1. 2 categories

    2. 3 categories

    3. 4 categories

    4. 5 categories

  3. Index number for base year period is always:

    1. Mean

    2. Mode

    3. Unknown

    4. 100

  4. If laspeyre's index = 116 and Passche's index = 110. Then Fisher's index is equal to:

    1. 110

    2. 116

    3. 113

    4. 112.96

  5. If lespeyre price index number is 200, Passche's price index number is 200, then Fisher price index number is:

    1. 100

    2. 200

    3. 40000

    4. None of these

  6. Price relatives are equal to:

  7. In fixed base method, the base price should be:

    1. Far-away

    2. Normal

    3. Abnormal

    4. None of these

  8. The price of wheat as a single commodity are compared by:

    1. Simple index

    2. Composite index

    3. Price relatives

    4. Link relatives

  9. Fisher's ideal index written as:

    4. None of these

  10. index numbers are called the barometers of:

    1. Statistics

    2. Econimics

    3. Mathematics

    4. None of these

Q2. Short questions (Attempt any 6 of 8 · 6 × 2 = 12)

  1. Define quantity index number.

  2. Given  then find current year a weighted index number.

  3. Why index numbers are called economic barometers.

  4. Give that . Find Laspeyre's price index number.

  5. Explain the differnce between simple and composite index number.

  6. Given . Find Laspeyre's index number.

  7. Given  compute base year weighted index number.

  8. Distinguish between weighted and unweighted index numbers.

Q3. Long questions (Attempt any 2 of 3 · 2 × 4 = 8)

  1. The price of wheat (per 40 kg) is given below. compute chain indicies using 1999 as base year:

    Years 1999 2000 2001 2002 2003 2004 2005
    Price 550 550 600 640 690 750 800

  2. From the following data. take 1953 as base and compute:

    Price Quantity
    Item 1953 1963 1953 1963
    A 10 12 120 100
    B 8 10 150 130
    C 12 13 80 70
    D 15 20 60 50

  3. Given annual prices of commodities, construct price index number by taking 1930 as base year:

    Years Wheat Rice Cotton Ghee
    1930 2 5 20 40
    1931 3 6 22 45
    1932 5 10 25 50
    1933 6 8 30 60