Question 1

What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:

Accepted Answer

A)  Whole sale price index
B)  Consumer's price
C)  Quantity
D)  None of themE) A) and B)
F) B) and D)

Question 2

is data that is collected by a researcher from first-hand sources

Accepted Answer

A)  Primary data
B)  Secondary data
C)  both
D)  noneE) C) and D)
F) B) and C)

Question 3

Index number calculated by Fisher's formula is ideal because it satisfy:

Accepted Answer

A)  Circular test
B)  Factor reversal test
D)  All of the aboveE) A) and D)
F) All of the above

Question 4

Find the mean of 13,18,13,14,13,16,14,21,13

Accepted Answer

A)  11
B)  12
C)  15
D)  13E) A) and C)
F) All of the above C

Question 5

A measure of is a single value that attempts to describe a set of data by identifying the central position within that set of

Accepted Answer

A)  Central Tendency
B)  Mean
C)  Median
D)  ModeE) A) and B)
F) C) and D)

Question 6

A period for which index number is determined is called as ------

Accepted Answer

A)  current period
B)  base period
C)  . Normal period.
D)  None of the aboveE) B) and C)
F) None of the above A

Question 7

Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:

Accepted Answer

A)  110
B)  108
C)  100
D)  109E) A) and B)
F) C) and D)

Question 8

The general purchasing power of the currency of a country is determined by:

Accepted Answer

A)  Retail price index
B)  Volume index
C)  Composite index
D)  Whole-sale price indexE) None of the above
F) A) and B)

Question 9

Index number is a special type of ----------

Accepted Answer

A)  Average
B)  dispersion
C)  correlation
D)  none of the aboveE) B) and C)
F) A) and C)

Question 10

How many type of data are there in Statistics

Accepted Answer

A)  2
B)  3
C)  4
D)  5E) A) and B)
F) B) and C)

Question 11

Index number for base year is always considered as------

Accepted Answer

A)  100
B)  101
C)  200
D)  201E) A) and B)
F) All of the above

Question 12

In the regression equation Y = 75.65 + 0.50X, the intercept is

Accepted Answer

A)  75.65
B)  0.5
C)  1
D)  intereminableE) None of the above
F) B) and D)

Question 13

Which of the following is a component of timer series;

Accepted Answer

A)  Secular trend
B)  Correlation
C)  Regression
D)  Consumer price indexE) None of the above
F) A) and B)

Question 14

Which of the following is a method of measuring trend:

Accepted Answer

A)  Freehand curve
B)  Bar graph
C)  Histogram
D)  System AnalysisE) A) and B)
F) None of the above

Question 15

Periodic movements with duration longer than a year are called

Accepted Answer

A)  Seasonal movements
B)  Cyclic movements
C)  Social movements
D)  Cultural movementsE) A) and B)
F) A) and C)

Question 16

If the growth rate is constant, the trend is -

Accepted Answer

A)  linear
B)  non linear
C)  curvy
D)  wavyE) B) and C)
F) All of the above

Question 17

Cyclical variations are caused by

Accepted Answer

A)  Trade business cycles
B)  Elections
C)  Changes in foreign exchange
D)  Changes in interest ratesE) None of the above
F) All of the above

Question 18

The trend line Y=a+bX obtained by the least Squares method is known as the line of

Accepted Answer

A)  best fit
B)  fit best
C)  best neutral
D)  nonlinear fitE) A) and C)
F) A) and D) A

Question 19

how many types of series are there

Accepted Answer

A)  3
B)  2
C)  5
D)  4E) B) and D)
F) All of the above

Question 20

The component of time series useful for long term forecasting is

Accepted Answer

A)  Secular trend
B)  Seasonal variation
C)  Cyclical variation
D)  Irregular variationE) None of the above
F) B) and C)

Exam 6: Index Numbers, Time Series and Data Collection Methods

What type of index number can help the government to formulate its price policies and to take appropriate economic measures to control prices:

Correct AnswerverifiedShow Answer

is data that is collected by a researcher from first-hand sources

Correct AnswerverifiedShow Answer

Index number calculated by Fisher's formula is ideal because it satisfy:

Correct AnswerverifiedShow Answer

Find the mean of 13,18,13,14,13,16,14,21,13

Correct AnswerverifiedC

A measure of is a single value that attempts to describe a set of data by identifying the central position within that set of

Correct AnswerverifiedShow Answer

A period for which index number is determined is called as ------

Correct AnswerverifiedA

Laspeyre's index = 110, Paasche's index = 108, then Fisher's Ideal index is equal to:

Correct AnswerverifiedShow Answer

The general purchasing power of the currency of a country is determined by:

Correct AnswerverifiedShow Answer

Index number is a special type of ----------

Correct AnswerverifiedShow Answer

How many type of data are there in Statistics

Correct AnswerverifiedShow Answer

Index number for base year is always considered as------

Correct AnswerverifiedShow Answer

In the regression equation Y = 75.65 + 0.50X, the intercept is

Correct AnswerverifiedShow Answer

Which of the following is a component of timer series;

Correct AnswerverifiedShow Answer

Which of the following is a method of measuring trend:

Correct AnswerverifiedShow Answer

Periodic movements with duration longer than a year are called

Correct AnswerverifiedShow Answer

If the growth rate is constant, the trend is -

Correct AnswerverifiedShow Answer

Cyclical variations are caused by

Correct AnswerverifiedShow Answer

The trend line Y=a+bX obtained by the least Squares method is known as the line of

Correct AnswerverifiedA

how many types of series are there

Correct AnswerverifiedShow Answer

The component of time series useful for long term forecasting is

Correct AnswerverifiedShow Answer

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