791. The weighted average of the relative price index is the same as __________ when the base year values are used as weights.
A. The laspeyer’s index
B.ThePaasche’s index
C. Fisher’s index
D. none of these

792. Which method of making consumer price index number is the laspeyer’s index number?
A. Family budget method
B. Aggregate expenditure method
C. both a and b
D. none of these

793. commodities whose price changes can be measured by a
A. Value index
B. Price index
C. Quantity index
D. none of these

794. The consumer price index number is also known as
A. The cost of living index number
B. The wholesale price index number
C. The retail price index number
D. both a and b

795. In quantity index __________ weights are used.
A. prices
B. Average of quantities
C. percentage of total quantities
D. None of these

796. _________ indices has downward bias.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these

797. In a price index ___________ weights are used.
A. prices
B. quantities
C. percentage of total quantities
D. None of these

798. When computing a weighted index which method uses quantities consumed in the current period.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these

799. In the construction of composite index, best average used is ____________
A. median
B. arithmetic mean 
C G.M
D. H.M

800. When computing a weighted index which method uses quantities consumed in the baseperiod.
A. Paasche’s index
B. Laspeyer’s Index
C. Marshall-edgeworth index
D. None of these

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