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Class 11 Economics: Index Numbers — Chapter Test 1

Class 11 • Economics • Index Numbers • Chapter Test

MediumFREE

15

Questions

20 min

Duration

15

Marks (1 each)

No

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

  • • Read each question carefully and pick the correct answer.
  • • You can mark questions for review and come back to them.
  • • Answers are saved automatically.
  • • The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15
An index number measures:
A
absolute changes
B
relative changes in a variable over time
C
averages only
D
correlation
View Correct Answer & Step-by-Step Solution
Correct Option:(B)relative changes in a variable over time

Detailed explanation is available inside the official test attempt review.

Question 2 of 15
The base year index is always:
A
0
B
100
C
1000
D
1
View Correct Answer & Step-by-Step Solution
Correct Option:(B)100

Detailed explanation is available inside the official test attempt review.

Question 3 of 15
The Consumer Price Index (CPI) measures changes in:
A
wholesale prices
B
retail prices of a basket of goods consumed by households
C
stock prices
D
wages
View Correct Answer & Step-by-Step Solution
Correct Option:(B)retail prices of a basket of goods consumed by households

Detailed explanation is available inside the official test attempt review.

Question 4 of 15
The Wholesale Price Index (WPI) measures:
A
retail prices
B
prices of goods at the wholesale level
C
stock market
D
exchange rates
View Correct Answer & Step-by-Step Solution
Correct Option:(B)prices of goods at the wholesale level

Detailed explanation is available inside the official test attempt review.

Question 5 of 15
Laspeyres' index uses weights of the:
A
current year
B
base year quantities
C
average year
D
no weights
View Correct Answer & Step-by-Step Solution
Correct Option:(B)base year quantities

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 11 Economics: Index Numbers — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "Index Numbers" of Class 11 Economics. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.