MCQs For NCERT Class 11 Economics Chapter 8 Index Numbers

Please refer to the following Index Numbers Class 11 Economics MCQ Questions. These multiple choice questions have been prepared based on the latest examination pattern, NCERT book and syllabus issued by CBSE, NCERT and KVS. Students should go through all MCQ Questions for Class 11 Economics with answers as they will help them to prepare for the exams.

Index Numbers Class 11 Economics MCQ Questions

Question. The index number for base year is always.
a. 000 
b. 100
c. 200
d. None of the above

Question. Commodities that show considerable price fluctuations can be measured by a.
a. Value index
b. Price index
c. Quantity index
d. None of the above

Question. If all the values are of equal importance, the index numbers are called:
a. Weighted
b. Unweighted 
c. Composite
d . Value index

Question. Index numbers can be used for:
a. Constant prices
b. Fixed prices
c. Different prices
d. Forecasting

Question. An index number that can serve many purposes is known as a.
a. General purpose index
b. Special purpose index
c. Both a and b are incorrect
d. Both a and b are correct

Question. According to ______, the index number is a statistical measure designed to show changes and a variable or group of related variables with respect to time, geographic location, or other characteristics.
a. Bowley
b. Spiegel
c. Croxton
d. Cowden

Question. In Lasperys price index number weight is considered as.
a. prices in current year.
b. quantity during current year
c. prices in base year
d. quantity in base year

Question. 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. When index number is calculated for several variables, it is called:
a. Whole sale price index
b. Composite index 
c. Volume index
d. Simple index

Question. Indices calculated by the chain base method are free from:
a. Seasonal variations
b. Errors 
c. Percentages 
d. Ratios

Question. Price relatives are a percentage ratio of current year price and:
a. Base year quantity
b. Previous year quantity
c. Base year price
d. Current year quantity

Question. 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. The aggregative expenditure method and family budget method always give:
a. Different results
b. Approximate results
c. same results
d. None of them