Refer to CBSE Class 11 Index Numbers MCQs provided below available for download in Pdf. The MCQ Questions for Class 11 Economics with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. Multiple Choice Questions for Chapter 8 Index Numbers are an important part of exams for Class 11 Economics and if practiced properly can help you to improve your understanding and get higher marks. Refer to more Chapter-wise MCQs for CBSE Class 11 Economics and also download more latest study material for all subjects
MCQ for Class 11 Economics Chapter 8 Index Numbers
Class 11 Economics students should refer to the following multiple-choice questions with answers for Chapter 8 Index Numbers in Class 11.
Chapter 8 Index Numbers MCQ Questions Class 11 Economics with Answers
Question : Whose formula is considered ideal for the construction of index number?
(a) Paasche's formula
(b) Laspeyer's formula
(c) Fisher's formula
(d) None of these
Answer : C
Question : Fisher’s Ideal index is the:
(a) Mean of Laspeyre’s and Paasche’s indexes
(b) Median of Laspeyre’s and Paasche’s indexes
(c) Geometric mean of Laspeyre’s and Paasche’s indexes
(d) None of the above
Answer : C
Question : Price Relatives = Current Year Price /?×100
(a) Reference year price
(b) Periodic year price
(c) Base year price
(d) Both (a) and (c)
Answer : D
Question : In notation P01, 1 stand for:
(a) current year
(b) reference year
(c) both (a) and (b)
(d) none of these
Answer : A
Question : p01=Σp1q0/Σp0q0×100 is the formula of:
(a) Laspeyre's Method
(b) Paasche's Method
(c) Fisher's Method
(d) none of these
Answer : A
Question : Fisher's method of calculating index numbers is based on:
(a) arithmetic mean
(b) harmonic mean
(c) geometric mean
(d) none of these
Answer : C
Question : Fisher's index number is considered ideal because:
(a) it is based on variable weights
(b) it satisfies Time Reversal Test
(c) it satisfies Factor Reversal Test
(d) all of these
Answer : D
Question : Consumer Price Index is also known as:
(a) Industrial Production Index
(b) Cost of Living Index
(c) Wholesale Price Index
(d) none of these
Answer : B
Question : The Paasche’s index number is based on:
(a) Base year quantities
(b) Current year quantities
(c) Average of current and base years
(d) None of the above
Answer : B
Question : Index number for the base period is always taken as:
(a) 100
(b) 50
(c) 1
(d) 200
Answer : A
Question : Indices calculated by the chain base method are free from:
(a) Seasonal variations
(b) Errors
(c) Percentages
(d) Ratios
Answer : A
Question : Index numbers helps in _____
(a) studying the trends
(b) deflating values
(c) policy formation
(d) All of these
Answer : D
Question : A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the
(a) CPI
(b) Laspeyres Index
(c) Paasche Index
(d) IIP
Answer : A
Question : The aggregate index formula using base period quantities is known as:
(a) Laspeyre’s index
(b) Fisher’s Ideal index
(c) Bowley’s index
(d) Paasche’s index
Answer : A
Question : Cost of living index is known as …………
(a) cost price index
(b) consumer price index
(c) both
(d) none
Answer : B
Question : From the following which is not a problem in the construction of Index numbers?
(a) selection of base
(b) understanding of the purpose
(c) selection of commodities
(d) selection of price
Answer : D
Question : The index used to measure changes in total money value is called:
(a) Price index
(b) Quantity index
(c) Value index
(d) None of the above
Answer : C
Question : ____ mean importance assigned to different commodities included in the index
(a) Price
(b) Weights
(c) Both
(d) None
Answer : B
Question : We use price index numbers:
(a) To measure and compare prices
(b) To compare prices
(c) To measure prices
(d) None of these
Answer : A
Question : The best average for constructing an index number is:
(a) Harmonic Mean
(b) Arithmetic Mean
(c) Geometric Mean
(d) None of these
Answer : C
Question : Most widely used weighted index is:
(a) Laspeyres Index
(b) Paasche’s Index
(c) Fisher’s ideal Index
(d) Marshall-Edgeworth Index
Answer : A
Question : Commodities which show considerable price fluctuations could be best measured by a _________
(a) price index
(b) quantity index
(c) value index
(d) quality
Answer : B
Question : _____ in which current year quantities are used
(a) Fisher’s
(b) Paasche’s
(c) None
(d) Laspeyre’s
Answer : B
Question : The factor reversal test is satisfied by:
(a) Fisher’s Ideal Index
(b) Marshall-Edgeworth Method
(c) Simple GM of price relatives
(d) All of the above
Answer : A
Question : In chain base method, the base period is:
(a) Fixed
(b) Not fixed
(c) Constant
(d) Zero
Answer : B
Question : If the index of prices is estimated to be 112 in 2018, it means that in comparison to the base year, prices in 2018 are higher by:
(a) 12%
(b) 12 × 2 = 24%
(c) 112%
(d) none of these
Answer : A
Question : Purchasing power of money is:
(a) Reciprocal of price index number
(b) Equal to price index number
(c) Unequal to price index number
(d) All of the above
Answer : A
Question : A weighted aggregate price index where the weight for each item is its current-period quantity is called the
(a) Aggregate index
(b) Laspeyres Index
(c) Paasche Index
(d) Consumer Price Index
Answer : C
Question : Circular test is an extension of:
(a) Time reversal test
(b) Factor reversal test
(c) Circular test
(d) Unit test
Answer : A
Question : A composite price index where the prices of the items in the composite are weighted by their relative importance is known as the
(a) price relative
(b) weighted aggregate price index
(c) none of the above
(d) CPI
Answer : B
Question : If all the values are of equal importance, the index numbers are called:
(a) Weighted
(b) Unweighted
(c) Composite
(d) Value index
Answer : B
Question : Index numbers are expressed in
(a) Percentage
(b) Average
(c) Both
(d) None
Answer : A
Question : ______ are devices for measuring differences in the magnitude of a group of related variables
(a) Mean
(b) Time numbers
(c) Standard deviation
(d) Index numbers
Answer : D
Question : The industrial development of a country is reflected by ……………
(a) index of cost of living
(b) All
(c) index of industrial production
(d) weighted price index
Answer : C
Question : An index that is designed to measure changes in quantities over time is known as the
(a) Time index
(b) None of the above
(c) Paasche index
(d) Quantity index
Answer : D
Question : Base year is also known as:
(a) current year
(b) reference year
(c) periodic year
(d) both (a) and (c)
Answer : B
CBSE Class 11 Economics Indian Economy on the Eve of Independence MCQs |
CBSE Class 11 Economics Liberalisation, Privatisation and Globalisation: An Appraisal MCQs |
CBSE Class 11 Economics Poverty MCQs |
CBSE Class 11 Economics Human Capital Formation In India MCQs |
CBSE Class 11 Economics Rural Development MCQs |
CBSE Class 11 Economics Employment Growth Informalisation and Other Issues MCQs |
CBSE Class 11 Economics Infrastructure MCQs |
CBSE Class 11 Economics Environment And Sustainable Development MCQs |
CBSE Class 11 Economics Comparative development Experiences Of India and Its Neighbors MCQs |
CBSE Class 11 Economics Indian Economy 1950-1990 MCQs |
CBSE Class 11 Introduction MCQs |
CBSE Class 11 Collection of Data MCQs |
CBSE Class 11 Organisation of Data MCQs |
CBSE Class 11 Presentation of Data MCQs |
CBSE Class 11 Measures of Central Tendency MCQs |
CBSE Class 11 Measures of Dispersion MCQs |
CBSE Class 11 Correlation MCQs |
CBSE Class 11 Index Numbers MCQs |
CBSE Class 11 Use of Statistical Tools MCQs |
MCQs for Economics CBSE Class 11 Chapter 8 Index Numbers
Expert teachers of studiestoday have referred to NCERT book for Class 11 Economics to develop the Economics Class 11 MCQs. If you download MCQs with answers for the above chapter daily, you will get higher and better marks in Class 11 test and exams in the current year as you will be able to have stronger understanding of all concepts. Daily Multiple Choice Questions practice of Economics and its study material will help students to have stronger understanding of all concepts and also make them expert on all critical topics. After solving the questions given in the MCQs which have been developed as per latest course books also refer to the NCERT solutions for Class 11 Economics designed by our teachers
Chapter 8 Index Numbers MCQs Economics CBSE Class 11
All MCQs given above for Class 11 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 11 can refer to the answers which have been also provided by our teachers for all MCQs of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided lot of MCQ questions for Class 11 Economics so that you can solve questions relating to all topics given in each chapter. All study material for Class 11 Economics students have been given on studiestoday.
Chapter 8 Index Numbers CBSE Class 11 MCQs Economics
Regular MCQs practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Chapter 8 Index Numbers concepts. MCQs play an important role in developing understanding of Chapter 8 Index Numbers in CBSE Class 11. Students can download and save or print all the MCQs, printable assignments, practice sheets of the above chapter in Class 11 Economics in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 11 Economics MCQ Test for the same chapter
CBSE MCQs Economics Class 11 Chapter 8 Index Numbers
CBSE Class 11 Economics best textbooks have been used for writing the problems given in the above MCQs. If you have tests coming up then you should revise all concepts relating to Chapter 8 Index Numbers and then take out print of the above MCQs and attempt all problems. We have also provided a lot of other MCQs for Class 11 Economics which you can use to further make yourself better in Economics
You can download the CBSE MCQs for Class 11 Economics Chapter 8 Index Numbers for latest session from StudiesToday.com
Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 8 Index Numbers Class 11 for Economics
Yes, the MCQs issued by CBSE for Class 11 Economics Chapter 8 Index Numbers have been made available here for latest academic session
You can easily access the links above and download the Chapter 8 Index Numbers Class 11 MCQs Economics for each topic
There is no charge for the MCQs and their answers for Class 11 CBSE Economics Chapter 8 Index Numbers you can download everything free
Regular revision of MCQs given on studiestoday for Class 11 subject Economics Chapter 8 Index Numbers can help you to score better marks in exams
Multiple Choice Questions (MCQs) for Chapter 8 Index Numbers Class 11 Economics are objective-based questions which provide multiple answer options, and students are required to choose the correct answer from the given choices.
Learning Chapter 8 Index Numbers based MCQs will help students improve their overall understanding of important concepts and topics and help to score well in Class 11 Economics exams.
You can practice Chapter 8 Index Numbers for CBSE Class 11 through worksheets, textbooks and online quizzes provided by studiestoday.com.
You can find CBSE Class 11 Economics Chapter 8 Index Numbers MCQs on educational websites like studiestoday.com, online tutoring platforms, and in sample question papers provided on this website.
To prepare for Chapter 8 Index Numbers MCQs, refer to the concepts links provided by our teachers and download sample papers for free.
Yes, there are many online resources that we have provided on studiestoday.com available such as practice worksheets, question papers, and online tests for learning MCQs for Class 11 Economics Chapter 8 Index Numbers
Yes, you can find printable Chapter 8 Index Numbers worksheets for CBSE Class 11 Economics on studiestoday.com.
We have provided full database of free multiple choice questions with answers on studiestoday.com for CBSE Class 11 Economics Chapter 8 Index Numbers