SSC CGL Practice Quiz

Question 1

An index number is primarily used to measure which of the following?

Accepted Answer

Relative change in a variable or group of variables over time or space

Question 2

A weighted average of price relatives index is to be constructed. For commodities A and B, price relatives are 120 and 150, and the corresponding value weights are 40 and 60. The weighted average index is:

Accepted Answer

138

Question 3

A price index for 2022 with base 2015 = 100 is 160. If it is to be expressed on base 2020 = 100 and the index for 2020 on base 2015 = 100 is 125, the new index for 2022 will be:

Accepted Answer

128

Question 4

If both prices and quantities of all commodities in the current year are exactly double those in the base year, then the value index is:

Accepted Answer

400

SSC CGL — Mock tests

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