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CBT TEST

ACC 213 CBT PRACTICE

 

Take your time to read instructions before taking this test.

 

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There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace ACC 213 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

 

Please do well to use our comment box incase there’s a message you want to pass to us

 

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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❤️ Undergragra

ACC 213

1 / 40

1. Weighted aggregate methods assign weights to commodities based on:

2 / 40

2. Index numbers are used to measure:

3 / 40

3. Selection of a base period for index numbers should avoid:

4 / 40

4. The index number of profit or sales is an example of:

5 / 40

5. The selection of commodities for an index number should consider:

6 / 40

6. The purpose of using index numbers in policy formulation is to:

7 / 40

7. Weighted aggregate methods are preferred because they:

8 / 40

8. The base period index value is typically set to:

9 / 40

9. Index numbers for deflation are used to:

10 / 40

10. A properly constructed index number should:

11 / 40

11. The chain-base method is different from the fixed-base method because it:

12 / 40

12. Value index numbers consider

13 / 40

13. The formula for the simple aggregate method does not account for:

14 / 40

14. Quantity index numbers measure

15 / 40

15. The value of the base period in index numbers is generally taken as:

16 / 40

16. The Dorbish-Bowley Price Index is calculated as:

17 / 40

17. The term “weight” in index numbers refers to:

18 / 40

18. The purchasing power of money is measured using:

19 / 40

19. Laspeyre’s and Paasche’s indices differ because:

20 / 40

20. The primary objective of constructing index numbers is to:

21 / 40

21. Paasche’s Price Index uses weights based on:

22 / 40

22. A reliable base period should ideally:

23 / 40

23. Laspeyre’s Price Index uses:

24 / 40

24. Fisher’s index satisfies the factor reversal test by ensuring that:

25 / 40

25. Value index numbers are calculated by:

26 / 40

26. Retail price indices are designed to

27 / 40

27. The purpose of the wholesale price index is to:

28 / 40

28. Price index numbers are classified into:

29 / 40

29. Problems in the construction of index numbers include:

30 / 40

30. Quantity indices are typically used for:

31 / 40

31. The main limitation of the Simple Aggregate Method is:

32 / 40

32. The geometric mean is used in Fisher’s Price Index to:

33 / 40

33. The formula for Fisher’s Price Index includes:

34 / 40

34. The primary use of index numbers is to:

35 / 40

35. Price index numbers are classified into:

36 / 40

36. Irving Fisher introduced:

37 / 40

37. The Dorbish-Bowley Index is sometimes referred to as:

38 / 40

38. The Laspeyre’s Price Index formula includes:

39 / 40

39. The time reversal test ensures that

40 / 40

40. Fisher’s Price Index is considered ideal because it satisfies:

Your score is

The average score is 47%

0%

Phil

Phil aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a lover of God, a passionate teacher, writer and an educational consultant.

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