MCQ Class 11 Economics Chapter 7 Index Numbers CBSE Board

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Statistics for Economics

1. What does the Consumer Food Price Index exclude?

Question 1 of 20

2. Which index indicates changes in the general price level at the wholesale level?

Question 2 of 20

3. Which of the following is not included in the Wholesale Price Index?

Question 3 of 20

4. What is meant by Headline Inflation?

Question 4 of 20

5. What is the base year of the Wholesale Price Index mentioned in the chapter?

Question 5 of 20

6. Which index measures changes in industrial production quantities?

Question 6 of 20

7. 27.What is the base year of the Index of Industrial Production mentioned in the chapter?

Question 7 of 20

8. Which of the following is not a main branch of the Index of Industrial Production?

Question 8 of 20

9. Which industrial sector has the highest weight in the Index of Industrial Production?

Question 9 of 20

10. What is the combined weight of the Eight Core Industries in the Index of Industrial Production?

Question 10 of 20

11. What is the full form of Sensex?

Question 11 of 20

12. What is the base period of Sensex?

Question 12 of 20

13. How many stocks are included in Sensex?

Question 13 of 20

14. What does a rise in Sensex generally indicate?

Question 14 of 20

15. Which of the following should be considered while selecting a base year?

Question 15 of 20

16. Why should the base year of an index number be updated regularly?

Question 16 of 20

17. What is the main consequence of using unreliable data while constructing an index number?

Question 17 of 20

18. Which index number is used to eliminate the effect of price changes on aggregates such as national income and capital formation?

Question 18 of 20

19. What is the formula for calculating the purchasing power of money?

Question 19 of 20

20. Which of the following is an important use of the Consumer Price Index?

Question 20 of 20


 

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