# CBSE Class 11 Index Numbers MCQs

Refer to CBSE Class 11 Index Numbers MCQs provided below. CBSE Class 11 Economics MCQs with answers available in Pdf for free download. The MCQ Questions for Class 11 Economics with answers have been prepared as per the latest syllabus, CBSE books and examination pattern suggested in Class 11 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 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. These MCQ questions with answers for Class 11 Economics will come in exams and help you to score good marks

### 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

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

Question : Price Relatives = Current Year Price /?×100
(a) Reference year price
(b) Periodic year price
(c) Base year price
(d) Both (a) and (c)

Question : In notation P01, 1 stand for:
(a) current year
(b) reference year
(c) both (a) and (b)
(d) none of these

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

Question : Fisher's method of calculating index numbers is based on:
(a) arithmetic mean
(b) harmonic mean
(c) geometric mean
(d) none of these

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

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

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

Question : Index number for the base period is always taken as:
(a) 100
(b) 50
(c) 1
(d) 200

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

Question : Index numbers helps in _____
(a) studying the trends
(b) deflating values
(c) policy formation
(d) All of these

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

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

Question : Cost of living index is known as …………
(a) cost price index
(b) consumer price index
(c) both
(d) none

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

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

Question : ____ mean importance assigned to different commodities included in the index
(a) Price
(b) Weights
(c) Both
(d) None

Question : We use price index numbers:
(a) To measure and compare prices
(b) To compare prices
(c) To measure prices
(d) None of these

Question : The best average for constructing an index number is:
(a) Harmonic Mean
(b) Arithmetic Mean
(c) Geometric Mean
(d) None of these

Question : Most widely used weighted index is:
(a) Laspeyres Index
(b) Paasche’s Index
(c) Fisher’s ideal Index
(d) Marshall-Edgeworth Index

Question : Commodities which show considerable price fluctuations could be best measured by a _________
(a) price index
(b) quantity index
(c) value index
(d) quality

Question : _____ in which current year quantities are used
(a) Fisher’s
(b) Paasche’s
(c) None
(d) Laspeyre’s

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

Question : In chain base method, the base period is:
(a) Fixed
(b) Not fixed
(c) Constant
(d) Zero

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

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

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

Question : Circular test is an extension of:
(a) Time reversal test
(b) Factor reversal test
(c) Circular test
(d) Unit test

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

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 are expressed in
(a) Percentage
(b) Average
(c) Both
(d) None

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

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

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

Question : Base year is also known as:
(a) current year
(b) reference year
(c) periodic year
(d) both (a) and (c)

 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

## More Study Material

### CBSE Class 11 Economics Chapter 8 Index Numbers MCQs

We hope students liked the above MCQs for Chapter 8 Index Numbers designed as per the latest syllabus for Class 11 Economics released by CBSE. Students of Class 11 should download the Multiple Choice Questions and Answers in Pdf format and practice the questions and solutions given in above Class 11 Economics MCQs Questions on daily basis. All latest MCQs with answers have been developed for Economics by referring to the most important and regularly asked topics which the students should learn and practice to get better score in school tests and examinations. Studiestoday is the best portal for Class 11 students to get all latest study material free of cost.

### 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. You can easily download and save all MCQs for Class 11 Economics also from www.studiestoday.com without paying anything in Pdf format. 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

Where can I download latest CBSE MCQs for Class 11 Economics Chapter 8 Index Numbers

You can download the CBSE MCQs for Class 11 Economics Chapter 8 Index Numbers for latest session from StudiesToday.com

Can I download the MCQs of Chapter 8 Index Numbers Class 11 Economics in Pdf

Yes, you can click on the links above and download topic wise MCQs Questions PDFs for Chapter 8 Index Numbers Class 11 for Economics

Are the Class 11 Economics Chapter 8 Index Numbers MCQs available for the latest session

Yes, the MCQs issued by CBSE for Class 11 Economics Chapter 8 Index Numbers have been made available here for latest academic session

How can I download the Chapter 8 Index Numbers Class 11 Economics MCQs

You can easily access the links above and download the Chapter 8 Index Numbers Class 11 MCQs Economics for each topic

Is there any charge for the MCQs with answers for Class 11 Economics Chapter 8 Index Numbers

There is no charge for the MCQs and their answers for Class 11 CBSE Economics Chapter 8 Index Numbers you can download everything free

How can I improve my MCQs in Class 11 Economics Chapter 8 Index Numbers

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

What are MCQs for Class 11 Economics Chapter 8 Index Numbers

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.