NCERT Class 11 Economics MCQ Chapter 8 Index Numbers Solutions to each chapter is provided in the list so that you can easily browse through different chapters NCERT Class 11 Economics MCQ Chapter 8 Index Numbers Question Answer and select need one. NCERT Class 11 Economics MCQ Chapter 8 Index Numbers Solutions Download PDF. NCERT Class 11 Statistics For Economics Multiple Choice Solutions.
NCERT Class 11 Economics MCQ Chapter 8 Index Numbers
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Economics Objective Type Solutions are part of All Subject Solutions. Here we have given CBSE Class 11 Economics Multiple Choice Question and Answer, HS First Year Economics MCQ Solutions for All Chapters, You can practice these here.
Index Numbers
Chapter: 8
PART – (A) STATISTICS FOR ECONOMICS
MCQ
1. Index numbers are also called the barometer of pulse of _____________.
(a) Statistical observations.
(b) Data calculation.
(c) Economy.
(d) None of these.
Ans: (c) Economy.
2. Index number for base period is taken as:
(a) 100
(b) 150
(c) 75
(d) 200
Ans: (a) 100
3. Index numbers are expressed in:
(a) Percentage.
(b) Average.
(c) Both of these.
(d) None of these.
Ans: (a) Percentage.
4. Commodities which show considerable price fluctuations could be best measured by a ____________.
(a) Price index.
(b) Quantity index.
(c) Value index.
(d) Quality.
Ans: (b) Quantity index.
5. The index used to measure changes in total money value is called _____________.
(a) Quantity index.
(b) Price index.
(c) Value index.
(d) None of these.
Ans: (c) Value index.
6. A consumer price index is also known as:
(a) Wholesale Price Index.
(b) Welfare Index.
(c) Cost of Living Index.
(d) None of these.
Ans: (c) Cost of Living Index.
7. Consumer price index is used for ____________.
(a) Formulation of price policy.
(b) Product evaluation.
(c) Both (a) and (b).
(d) Neither (a) nor (b).
Ans: (a) formulation of price policy.
8. The base year for index numbers should be ____________.
(a) A normal period.
(b) A year only.
(c) A period at a distant part.
(d) None of these.
Ans: (a) A normal period.
9. An appropriate method for working out consumer price index is:
(a) Weighted aggregate expenditure method.
(b) Family budget method.
(c) Price relative method.
(d) None of the above.
Ans: (b) Family budget method.
10. A weighted aggregate price index where the weight for each item is its current-period quantity is called:
(a) Aggregate index.
(b) Laspeyres Index.
(c) Paasche’s Index.
(d) Consumer Price Index.
Ans: (c) Paasche’s. Index.
11. Laspeyres Index number is based on:
(a) Current year quantities.
(b) Average of current and base year quantities.
(c) Base year quantities.
(d) None of these.
Ans: (c) base year quantities.
12. Purchasing power of money and real wages are determined by:
(a) Index of Industrial Production.
(b) Consumer Price Index.
(c) Wholesale Price Index.
(d) None of these.
Ans: (a) Index of Industrial Production.
13. Rapid increase in price index numbers implies _____________ rate of inflation.
(a) Higher.
(b) Lower.
(c) Constant.
(d) None of these.
Ans: (a) Higher.
14. Generally, inflation is measured with the help of:
(a) Cost of Living Index.
(b) Welfare Index.
(c) Wholesale Price Index.
(d) None of these.
Ans: (c) Wholesale Price Index.
15. Which of the following index numbers indicates the change in industrial production?
(a) NIFTY.
(b) GDP.
(c) CPI Industrial Worker.
(d) IIP.
Ans: (d) IIP.
16. Price of top 30 shares of Bombay Stock Exchange increased, which of these will increase?
(a) WPI.
(b) CPI.
(c) Inflation rate.
(d) Sensex.
Ans: (d) Sensex.
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