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

Question 1

In constructing index number geometric mean relatives are:

A)Non-reversible
B)Reciprocal
C)Reversible
D)None of them

Answer 1

Reversible

Question 2

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

A)Retail price index
B)Volume index
C)Composite index
D)Whole-sale price index

Answer 2

Whole-sale price index

Question 3

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

A)Whole sale price index
B)Consumer's price
C)Quantity
D)None of them

Answer 3

Consumer's price

Question 4

Which of the following is a component of timer series;

A)Secular trend
B)Correlation
C)Regression
D)Consumer price index

Question 5

Which of the following is a method of measuring trend:

A)Freehand curve
B)Bar graph
C)Histogram
D)System Analysis

Question 6

Cyclical variations are caused by

A)Trade business cycles
B)Elections
C)Changes in foreign exchange
D)Changes in interest rates

Question 7

Periodic movements with duration longer than a year are called

A)Seasonal movements
B)Cyclic movements
C)Social movements
D)Cultural movements

Question 8

Seasonal variations are short term variations with period

A)less than 6 months
B)less than 5 years
C)less than 1 year
D)more than 10 years

Question 9

The component of time series useful for long term forecasting is

A)Secular trend
B)Seasonal variation
C)Cyclical variation
D)Irregular variation

Question 10

If the growth rate is constant, the trend is -

A)linear
B)non linear
C)curvy
D)wavy

Question 11

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

A)best fit
B)fit best
C)best neutral
D)nonlinear fit

Question 12

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

A)100
B)101
C)200
D)201

Question 13

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

A)Average
B)dispersion
C)correlation
D)none of the above

Question 14

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

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

Question 15

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

A)110
B)108
C)100
D)109

Question 16

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

A)Circular test
B)Factor reversal test
C)All of the above

Question 17

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

A)75.65
B)0.5
C)1
D)intereminable

Question 18

How many type of data are there in Statistics

A)2
B)3
C)4
D)5

Question 19

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

A)Primary data
B)Secondary data
C)both
D)none

Question 20

What are the method of collecting Primary Data

A)Interview
B)observation
C)Questionnair
D)All of the above

Question 21

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

A)Central Tendency
B)Mean
C)Median
D)Mode

Question 22

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

A)11
B)12
C)15
D)13

Question 23

how many types of series are there

A)3
B)2
C)5
D)4