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MCQ's Test For Chapter 4 "Business Statistics Icom Part 2 English Medium Chapter 4 Online Test"
Try The MCQ's Test For Chapter 4 "Business Statistics Icom Part 2 English Medium Chapter 4 Online Test"
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Total Questions15
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Time Allowed20
Business Statistics Icom Part 2 English Medium Chapter 4 Online Test
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Question # 1
When the price of a year is divided by the price of the preceding year we get.
Question # 2
Index numbers are divided into following tow types.
Question # 3
WPI stand for.
Question # 4
Index for base period is always taken as.
Question # 5
Base year quantities are used as weights in.
Question # 6
Which of the following is called an ideal index number.
Question # 7
The general purchasing power of the currency of a country is determined by.
Question # 8
Index number calculated by Fisher's formula is ideal because it satisfies.
Question # 9
Consumer price index numbers are obtained by.
Question # 10
If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.
Question # 11
Index numbers are called.
Question # 12
Paasche's index number is called.
Question # 13
An index number having a wide scope is caled.
Question # 14
The index numbers are calculated in.
Question # 15
An index number is called a simple index when it is computed from.
ICOM Part 2 Business Statistics Chapter 4 Online MCQ's Test
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ICom Part II Business Statistics (E.M) Chapter 4 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The general purchasing power of the currency of a country is determined by. |
A. Simpel index
B. Whole sale price index
C. Composite index
D. Volume index
|
| 2 | Index for base period is always taken as. |
A. 50
B. 100
C. 120
D. 200
|
| 3 | If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to. |
A. 104.1
B. 111
C. 100
D. 110.2
|
| 4 | When the price of the year is divided by the price of a particular year we get. |
A. Price relative
B. Link relatives
C. Simple relatives
D. All of the above
|
| 5 | Price relaties computed by chain base method is called. |
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
|
| 6 | Geometric mean of the relatives is. |
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
|
| 7 | WPI stand for. |
A. Whole sale price index
B. Whole price index
C. Wider price index
D. Weighted price index
|
| 8 | Laspeyre's index number is also called. |
A. Current year weighted index number
B. Base year weighted inxed number
C. Ideal index number
D. None of above
|
| 9 | In chain base method, the base period is. |
A. Constant
B. Fixed
C. Not fixed
D. None of these
|
| 10 | An index number calculated for more than on items is called. |
A. Simple index number
B. Compound index number
C. composite index number
D. Relative index number
|
Test Questions