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Index Numbers Economics - Index Numbers

Maharashtra Board - STD 12 Commerce / Arts - Economics (MSBSHSE - English Medium). 131 questions in this chapter.

Question types

Index Numbers question types

131 questions across 9 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

131
Questions
9
Question groups
5
Question types
Sample Questions

Index Numbers questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 2Choose the correct option1 Mark
How does purchasing power changes with the increase in price level?
(a) Remains unchanged
(b) Increases
(c) Decreases
(d) None of these
  • A
    a, b and c
  • B
    b, c and d
  • ✓
    only c
  • D
    only b

Answer: C.

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Q 3Choose the correct option1 Mark
Statements related to features of Index Numbers.
These are specialised form of averages. These help to determine price index.
These are not the barometers of economic activity.
Base year is taken as 100.
  • ✓
    a, b and d
  • B
    b, c and d
  • C
    b and c
  • D
    All of these

Answer: A.

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Q 4Choose the correct option1 Mark
Index Numbers are used –
(a) to determine production
(b) to determine the level of employment
(c) to revise dearness allowance
(d) to revise cost of living
  • A
    a, b and c
  • B
    b, c and d
  • ✓
    c and d
  • D
    only d

Answer: C.

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Q 6Complete the correlation1 Mark
$ P _{01}=\frac{\Sigma p_1 q_0}{\Sigma p_0 q_0} \times 100: \text { Laspeyre's Index :: }$
$P _{01}=\frac{\Sigma p_1 q_1}{\Sigma p_0 q_1} \times 100=\ldots \ldots \ldots \ldots \ldots . . .$
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Q 39CHOOSE THE CORRECT PAIR.1 Mark
Group ‘A’Group ‘B’
(1) Index Number(a) Cost of living
(2) Dearness Allowance(b) Economic Barometer
(3) Base year(c) Wholesale Price Index
(4) Whole sale market goods(d) 100
  • ✓
    (1) – b, (2) – a, (3) – d, (4) – c
  • B
    (1)- c, (2) – d, (3)- a, (4) – b
  • C
    (1)- d, (2) c, (3)- b, (4) – a
  • D
    (1)- a, (2) b, (3) c, (4) – d

Answer: A.

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Q 40CHOOSE THE CORRECT PAIR.1 Mark

Image
  • A
    (1) – d, (2) – c, (3) – a, (4) – b
  • ✓
    (1) – d, (2) – a, (3) – b, (4) – c
  • C
    (1) – b, (2) – c, (3) – d, (4) – a
  • D
    (1) – c, (2) – d, (3) – a, (4) – b

Answer: B.

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Q 41CHOOSE THE CORRECT PAIR.1 Mark
Group ‘A’Group ‘B’
(1) Index Number(a) Cost of living
(2) Dearness Allowance(b) Economic Barometer
(3) Base year(c) Wholesale Price Index
(4) Whole sale market goods(d) 100
  • ✓
    (1) – b, (2) – a, (3) – d, (4) – c
  • B
    (1)- c, (2) – d, (3)- a, (4) – b
  • C
    (1)- d, (2) c, (3)- b, (4) – a
  • D
    (1)- a, (2) b, (3) c, (4) – d

Answer: A.

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Q 42CHOOSE THE CORRECT PAIR.1 Mark

Image
  • A
    (1) – d, (2) – c, (3) – a, (4) – b
  • ✓
    (1) – d, (2) – a, (3) – b, (4) – c
  • C
    (1) – b, (2) – c, (3) – d, (4) – a
  • D
    (1) – c, (2) – d, (3) – a, (4) – b

Answer: B.

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