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Ca Foundation Maths Practice Sets
1
...
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
...
The number of test of Adequacy is
(a) 2
(b) 3
(c) 4
(d) 5
5
...
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
...
We use price index numbers
(a) To measure and compare prices
(b) To measure prices
(c) To compare prices

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Factor Reversal Test is satisfied when P01 × Q01 = Σ𝑝1𝑞1

True
False
Both (a) and (b)
Neither (a) nor (b)
10
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Which index is based on base year quantities –
(a) Fisher’s Index
(b) Paasche’s Index
(c) Dorbish & Bowley
(d) Laspeyre’s Index
12
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68
(c) 145
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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
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48
...
49
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40
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The index number of prices at a place in 1998 is 355 with 1991 as base
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(b) There has been on the average 355% increases in prices
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(d) None of these
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Which index is based on current year quantities –
(a) Laspeyre’s Index
(b) Dorbish & Bowley
(c) Paasche’s Index
(d) Fisher’s Index
16
...

(a) Bowley’s Index, Paasche’s Index
(a)
(b)
(c)
(d)

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(c) Bowley’s Index, Fisher’s Index
(d) Fisher’s Index, Paasche’s Index

17
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Then the above statement satisfy
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Which of the following is correct?
(a) The choice of suitable base period is at best a temporary solution
...

(c) There is no such thing as unweighted index numbers
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19
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24,000
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If he has to be rightly
compensated, what additional monthly salary to be paid him?
(a) Rs
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38,400
(c) Rs
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The index number for the year 2012 taking 2011 as the base year from the data given
below by using simple average price relative method is
...
Which of the following is correct?
(a) Current year prices are taken as weight in Paasche’s quantity index number
(b) Fisher’s ideal index formula satisfies factor Reversal Test
(c) The sum of the quantities of the base period and current period is taken as
weights in Laspeyre’s index number
(d) None of these
22
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M
...
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(c) loglon =

1
2𝑚

𝑚

Σ log

𝑃𝑛

𝑃0

𝑃0

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if Fisher’s Index = 150 and Paasche’s Index = 144, then Laspeyre’s index is
(a) 147
(b) 156
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17
(d) 138
24
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If Σ𝑃1𝑄0 = 1180, Σ𝑃0𝑄0 = 1170, Σ𝑃1𝑄1 = 1064, Σ𝑃0𝑄1 = 1100
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73
(b) 98
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77
(d) 100
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Which of the following is correct?
(a) Simple Aggregative and simple Geometric mean of price relatives formula satisfy
circular test
(b) Base year price are taken as weights in Laspeyre’s quantity index numbers
(c) Fisher’s Ideal Index formula obeys time reversal and factor reversal tests
...
Time reversal and factor reversal are:
(a) Quantity Index
(b) Ideal Index
(c) Price Index
(d) Test of Consistency
28
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(a) Weights
(b) Classes
(c) Estimations
(d) None
29
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10,000 in a year 2000 and it was increased to Rs
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is 240 in year 2013 with the
base year 2000
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20,000
(b) Rs
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16,000
(d) Rs
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The monthly income of an employee was Rs
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The consumer price index
number was 160 in 2014, which rose to 200 in allowance to be paid to him in 2017
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(a) Rs
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10,000
(c) Rs
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c
6
...
d
16
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c
26
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d
7
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c
17
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b
27
...
a
8
...
b
18
...
b
28
...
c
9
...
a
19
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a
29
...
b
10
...
c
20
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c
30
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