Price Index

Q.

Identify the examples of stock variables.

1. Stock of capital

2. Number of persons employed

3. Total money supply

4. All of the above

Q. Which of the following is not a type of price index?

1. CPI
2. WPI
3. FBI
4. FPI

Q. What does the price index indicate?

1. Change in time period
2. Change in inflation
3. Change in prices of the items
4. Change in government

Q. Price index only compares the prices of a set of items for different years.

1. False
2. True

Q. helps in measuring the change in prices.

1. Inflation
2. Standard of living
3. Price index
4. Budgeting

Q. Which statistical device is used to calculate inflation?

1. Regression
2. Price index
3. Mean
4. Standard deviation