Free Index Numbers and Time Series MCQs with Answers
34 Index Numbers and Time Series MCQs from Statistics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
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34 questions · page 4 of 4
31. Weighted Index number can be classified into _________ categories?
- A. Four
- B. Three
- C. Five
- D. Two
Explanation: Weighted index numbers are commonly divided into two main categories: weighted aggregative indices and weighted average-of-price-relatives indices. Therefore, the number of categories is two.
Correct answer: Two32. Ratio between given year and base year is called __________ in percentage?
- A. Price relative
- B. Link relative
- C. Retail prices
- D. None of these
Explanation: The price relative is the current-year price divided by the base-year price, multiplied by 100. A link relative instead compares the current period with the immediately preceding period.
Correct answer: Price relative33. An Index Number calculated for more than one items is called ___________?
- A. Sensitive Price Index number
- B. Consumer Index Number
- C. Simple Aggregation 1. Number
- D. Chain Indices
Explanation: An index covering several items is an aggregate or composite index; the listed option refers to a simple aggregative index number. A consumer price index is a particular type of composite index, not the general definition asked here.
Correct answer: Simple Aggregation 1. Number34. The index numbers are used to measure seasonal and cyclical variations in __________?
- A. Commodities
- B. Time Series
- C. Whole sale
- D. Realtives
Explanation: Seasonal and cyclical movements are components of a time series, and index-number techniques can help measure such variations. Commodities and wholesale prices are subjects that may be studied, not the statistical series itself.
Correct answer: Time Series