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Statistics for Economics

Index No.

Question Very short answer type questions Marks
No

1. ------------ is not a problem of construction of Index no.. 1
a) Selection of Base year
b) purpose
c) selection of average
d) CPI
2. Which of the following methods is anexample of weighted 1
Index no
a) Karl pearson’s
b) Laspeyre’s
c) Spearman’s
d) All of these
3. The value of Index no is always taken as- 1
a) 1000
b) 200
c) 100
d) None of these

4. Which of the following is a feature of Index no? 1
a) Specialized averages
b) Never expressed in percentages
c) Both a and b
d) None of these
5. ---------------- is taken as price of the base year.(P1/P0) 1

6. What is index no? 1
7. What is the full form of WPI ?.. 1
8. What is a base year ? 1
9. State whether the statement is true or false. 1
The difference between the base year and the current year
should be too large.
10. What is the full form of CPI? 1
short type questions of ¾ marks and long questions of 6 marks
11 Explain the concept of inflation and Index no.. 3 or 4

12 Explain the two problems in the construction of Index no. 3 or 4