Quantitative Methods For Economic Analysis II Set 2
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This set of Quantitative Methods for Economic Analysis 2 Multiple Choice Questions & Answers (MCQs) focuses on Quantitative Methods For Economic Analysis II Set 2
Q1 | Area of the rejection region depends on
- size of α
- size of β
- test-statistic
- number of values
Q2 | Level of significance is also called
- power of the test
- size of the test
- level of confidence
- confidence coefficient
Q3 | Critical region is also called
- acceptance region
- rejection region
- confidence region
- statistical region
Q4 | The weighted average of price relations using basic values as weights is same asthe ………………
- laspeyres quantity index
- paasches’ price index
- laspeyres price index
- kelly’s price index
Q5 | Which one of the following indices satisfies both time reversal and factor reversallist ?
- lasperyres index number
- fischer’s index number
- paasches index number
- bowley’s index number
Q6 | Which one of the following index numbers is based on Geometric Mean ?
- lasperyres index number
- fischer’s index number
- paasches index number
- bowley’s index number
Q7 | If the Paasches’ index is 196 and Fishers index is 210, What is the value of theLaspeyres’ index?
- 220
- 215
- 225
- 230
Q8 | The major purpose of price index is to measure change in the …………
- standard of living
- gold content of money
- buying power of money
- capacity to produce
Q9 | Which of the following statement is not correct ?Fishers’ index :
- lies between laspeyres’ (l) & paasches’ index
- is the arithmetic mean of l & p
- is the geometric mean of l & p
- is equal to l or p if l = p
Q10 | In consumer price index number weights are determing on the basis of ………..
- actual price of the index
- the consumption pattern of the class of population
- actual consumption expenditure
- both price & consumption expenditure
Q11 | Consumer price index number indicates
- the general price level
- the wholesale price level
- export price
- all of these
Q12 | Index Numbers measure
- the change in base year prices
- the change in current year prices
- real changes
- none of the above
Q13 | The day to day irregularities in business activity are the example of
- secular trend
- seasonal fluctuations
- cyclical fluctuations
- random or erratic fluctuations
Q14 | Fisher’s ideal index Number satisfies
- time reversal & factor reversal list
- only time reversal list
- only factor reversal list
- circular list
Q15 | Fishers ideal index is obtained as :
- the sum of laspeyre’s & paasche’s indices
- the geometric mean of laspeyer’s & paasche’s indices
- the arithemetic mean of laspeyer’s & paasche’s indices
- the harmonic mean of laspeyre’s & paasche’s indices
Q16 | ∑ ∑ × 100 is the formula for calculating ……..
- bowley’s index
- fisher’s index
- laspeyer’s index
- paasche’s index
Q17 | Laspeyres index measures change in
- fixed market basket
- current consumption
- both fixed and current market basket
- none
Q18 | is the formula for calculating
- fishers index
- bowley’s method
- laspeyre’s index
- paasche’s index
Q19 | Recurrent variations in time series that usually last longer than a year is known as ……………
- seasonal variation
- secular trend
- irregular variation
- cyclical variation
Q20 | Paasche’s index measures change in
- fixed market basket
- current consumption
- both fixed and current market
- none
Q21 | A lock-out in a factory for a month is associated with the component of timeseries
- trend
- seasonal variation
- cyclic variation
- irregular variation
Q22 | Consumer price index number is constructed for
- a well defined section of people
- workers only
- all people
- all the above
Q23 | Which one is not the test of index Number
- unit test
- time reversal test
- triangular test
- factor reversal test
Q24 | The average of Laspeyre’s and Paasche’s index number which gives Fisher’sindex number is
- am
- gm
- hm
- weighted average