Ca Foundation Maths Practice Sets
1. Index number are the
(a) Economic
(b) Statistics
(c) (a) and (b)
(d) None of these
2. If Laspeyre’s index number (L) and Paasche’s index number (P) are known, then one can
compute Fisher’s index number (F) by;
(a) √𝐹 = 𝐿𝑃
(b) 𝐹 = 𝐿𝑃
1
(c) 𝐹 =
𝐿𝑃
(d) 𝐹2 𝐿𝑃
3. For consumer price index, prices are collected from:
(a) Retail traders
(b) Wholesale traders
(c) Fair price shop
(d) Government Depots
4. The number of test of Adequacy is
(a) 2
(b) 3
(c) 4
(d) 5
5. A technique of changing old base period to new base period is known as –
(a) Splicing
(b) Base shifting
(c) Deflating
(d) None of these
6. Circular test is satisfied when –
(a) P01 × P12 × P22 = 1
(b) P01 × P12 × P20 = 1
(c) P10 × P12 × P20 = 1
(d) P02 × P12 × P20 = 1
7. If with rise of 10% in prices, the wages are increased by 20%, the real wage increase in
by 10%
(a) False
(b) True
(c) Both (a) and (b)
(d) Neither (a) nor (b)
8. We use price index numbers
(a) To measure and compare prices
(b) To measure prices
(c) To compare prices
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, (d) none
Σ𝑝 𝑞
0 0
9. Factor Reversal Test is satisfied when P01 × Q01 = Σ𝑝1𝑞1
(a) True
(b) False
(c) Both (a) and (b)
(d) Neither (a) nor (b)
10. Circular test is satisfied by
(a) Laspeyre’s Index number
(b) Paasche’s Index number
(c) The simple geometric mean of price relatives and the weighted aggregative with
fixed weight
(d) None of these
11. Which index is based on base year quantities –
(a) Fisher’s Index
(b) Paasche’s Index
(c) Dorbish & Bowley
(d) Laspeyre’s Index
12. If Σ𝑃𝑛𝑞𝑛 = 249, Σ𝑃0𝑞0 = 150, Paasche’s Index Number = 150 and Dorbish & Bowley’s
Index number = 145, then the Fisher’s Ideal Number is
(a) 75
(b) 62.68
(c) 145.97
(d) None of these
13. Consumer Price Index number for the year 2007 was 313 with 1990 as the base year 96
the Average Monthly wages in 2007 of the workers in a factory is Rs. 160, their real
wage is
(a) Rs. 48.40
(b) Rs. 49.07
(c) Rs. 40.30
(d) None of these
14. The index number of prices at a place in 1998 is 355 with 1991 as base. This means
(a) There has been on the average a 255% increase in prices.
(b) There has been on the average 355% increases in prices.
(c) There has been on the average of 250% increase in prices.
(d) None of these.
15. Which index is based on current year quantities –
(a) Laspeyre’s Index
(b) Dorbish & Bowley
(c) Paasche’s Index
(d) Fisher’s Index
16. is the geometric mean of Laspeyre’s and .
(a) Bowley’s Index, Paasche’s Index
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1. Index number are the
(a) Economic
(b) Statistics
(c) (a) and (b)
(d) None of these
2. If Laspeyre’s index number (L) and Paasche’s index number (P) are known, then one can
compute Fisher’s index number (F) by;
(a) √𝐹 = 𝐿𝑃
(b) 𝐹 = 𝐿𝑃
1
(c) 𝐹 =
𝐿𝑃
(d) 𝐹2 𝐿𝑃
3. For consumer price index, prices are collected from:
(a) Retail traders
(b) Wholesale traders
(c) Fair price shop
(d) Government Depots
4. The number of test of Adequacy is
(a) 2
(b) 3
(c) 4
(d) 5
5. A technique of changing old base period to new base period is known as –
(a) Splicing
(b) Base shifting
(c) Deflating
(d) None of these
6. Circular test is satisfied when –
(a) P01 × P12 × P22 = 1
(b) P01 × P12 × P20 = 1
(c) P10 × P12 × P20 = 1
(d) P02 × P12 × P20 = 1
7. If with rise of 10% in prices, the wages are increased by 20%, the real wage increase in
by 10%
(a) False
(b) True
(c) Both (a) and (b)
(d) Neither (a) nor (b)
8. We use price index numbers
(a) To measure and compare prices
(b) To measure prices
(c) To compare prices
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, (d) none
Σ𝑝 𝑞
0 0
9. Factor Reversal Test is satisfied when P01 × Q01 = Σ𝑝1𝑞1
(a) True
(b) False
(c) Both (a) and (b)
(d) Neither (a) nor (b)
10. Circular test is satisfied by
(a) Laspeyre’s Index number
(b) Paasche’s Index number
(c) The simple geometric mean of price relatives and the weighted aggregative with
fixed weight
(d) None of these
11. Which index is based on base year quantities –
(a) Fisher’s Index
(b) Paasche’s Index
(c) Dorbish & Bowley
(d) Laspeyre’s Index
12. If Σ𝑃𝑛𝑞𝑛 = 249, Σ𝑃0𝑞0 = 150, Paasche’s Index Number = 150 and Dorbish & Bowley’s
Index number = 145, then the Fisher’s Ideal Number is
(a) 75
(b) 62.68
(c) 145.97
(d) None of these
13. Consumer Price Index number for the year 2007 was 313 with 1990 as the base year 96
the Average Monthly wages in 2007 of the workers in a factory is Rs. 160, their real
wage is
(a) Rs. 48.40
(b) Rs. 49.07
(c) Rs. 40.30
(d) None of these
14. The index number of prices at a place in 1998 is 355 with 1991 as base. This means
(a) There has been on the average a 255% increase in prices.
(b) There has been on the average 355% increases in prices.
(c) There has been on the average of 250% increase in prices.
(d) None of these.
15. Which index is based on current year quantities –
(a) Laspeyre’s Index
(b) Dorbish & Bowley
(c) Paasche’s Index
(d) Fisher’s Index
16. is the geometric mean of Laspeyre’s and .
(a) Bowley’s Index, Paasche’s Index
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