1. A series of numerical figures which show the relative position is called
A) index number ✓
B) relative number
C) absolute number
D) none
CA Foundation Paper 3
Index Numbers MCQ
Chapter 18 • 100 Questions from ICAI Study Material
Questions
100
Est. Time
75 min
Source
ICAI Book
Question 1 of 100 0 correct | 0 wrong
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Sample Questions: Index Numbers
Preview 8 of 100 MCQs from Chapter 18
2. Index number for the base period is always taken as
A) 200
B) 50
C) 1 ✓
D) 100
3. _______ play a very important part in the construction of index numbers.
A) weights
B) classes
C) estimations ✓
D) none
4. _______ is particularly suitable for the construction of index numbers.
A) H.M. ✓
B) A.M.
C) G.M.
D) none
5. Index numbers show _______ changes rather than absolute amounts of change.
A) relative
B) percentage
C) both
D) none ✓
6. The _______ makes index numbers time-reversible.
A) A.M.
B) G.M.
C) H.M.
D) none ✓
7. Price relative is equal to
A) Price in the given year x 100 / Price in the base year ✓
B) Price in the year base year x 100 / Price in the given year
C) Price in the given year x 100
D) Price in the base year x 100
8. Index number is equal to
A) sum of price relatives
B) average of the price relatives ✓
C) product of price relative
D) none