Skip to content
We use only essential cookies to keep you signed in and remember your preferences. See our Cookie Policy.
TestStop
MocksPracticeResourcesIndiaBlogPricing
Sign in
Questions › Statistics › Index numbers and time-series basics

Index numbers and time-series basics: previous year questions

Asked 25 times in 6 exams across 15 years. Newest first.

Practise Index numbers and time-series basics, easy to hard →

Jump to a subtopic
  • Constructing price indices 15
  • Properties and tests of index numbers 7
  • Time-series components and smoothing 3

Constructing price indices

Building an index from prices and quantities with different weighting schemes.

  1. IIT JAM 2026 Q21Which one of the following statements is CORRECT in the context of price indices?
  2. JNU 2021 Q57The Fisher's Price Index is the ................of Laspeyre’s and Paasche’s price index numbers.
  3. JNU 2020 Q32Fisher’s index is:
  4. UoH 2018 Q34Which of the following statements on the calculation of the consumer price index using the Laspeyres index is correct:
  5. UoH 2017 Q12When the base year values are used as weights, the weighted average of relatives price index number is the same as the:
  6. UoH 2017 Q28Consider three consumer goods: A, B, and C. 100 units of each them are purchased at a price of Rs.1 in the base year. If the current year price of…
  7. UoH 2016 Q39Consumer Price Index (CPI) falls in the category of
  8. UoH 2015 Q71Fishers index number is:
  9. UoH 2014 Q29Laspeyre's index is
  10. UoH 2014 Q46The Current weighted price index is otherwise also known as:
  11. UoH 2014 Q68Consumer Price Index (CPI) falls in the category of
  12. JNU 2013 Q33Fuel and power have a weight of 15 percent in India’s official wholesale price index. If there is a 20 percent increase in the price index for the…
  13. UoH 2010 Q63If p¹_z and q¹_b are price and quantity in year 1 and p^o_z and q^o_b are price and quantity in year O (Base Year), which of the following is true?
  14. DSE 2008 Q27Data on India's exports of Jute and Tea, 2000-2003: Jute quantity ('000 t) 871, 706, 724, 627 and price (Rs '00000/1000 t) 202, 320, 311, 302; Tea…
  15. DSE 2006 Q8The price and quantity combinations of two services (trim and perm) sold at the 'Be Handsome' beauty parlour are as follows (Pₜ and Qₜ denote the…

Properties and tests of index numbers

Checking an index against desirable properties and comparing the main indices.

  1. UGC-NET 2023 Q18In March 2023 the consumer price index (CPI) of a country with a 1982 base index of 100 was 234.7. This means the cost of purchasing the market…
  2. JNU 2020 Q27We consider Fisher’s index as an ideal index because it satisfies:
  3. UoH 2020 Q66Which among the following statements is incorrect?
  4. UoH 2017 Q33Wholesale Price Index is not considered to reflect well the cost of living of people because it contains prices of
  5. UoH 2016 Q82Which one of the following indices satisfies both time reversal and factor reversal tests?
  6. UoH 2011 Q96The CPI has increased from 300 to 330 and money wages for agricultural labour have increased from Rs. 40 to Rs. 47 per day. Which of the following…
  7. DSE 2008 Q1In the context of ideal price index numbers, consider: S1: the index should be invariant to the choice of base, i.e. Pᵣₛ· Pₛᵣ=1. S2: an index that…

Time-series components and smoothing

Splitting a series into trend, seasonal and other parts, and smoothing it.

  1. CUET-PG 2025 Q72Match List-I (Categories of Time Series Patterns) with List-II (Their meaning): List-I: (A) Seasonal Variation; (B) Random Fluctuation; (C) Business…
  2. JNU 2021 Q89Given below are two statements for time series I. The component of time series attached to long term variation is secular trend II. The component of…
  3. UoH 2014 Q67Exponential Smoothing is