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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
An index number having a wide scope is caled.
Question # 2
When the price of a year is divided by the price of the preceding year we get.
Question # 3
If all the value are not of equal importance , the index number of called.
Question # 4
Price relaties computed by chain base method is called.
Question # 5
In chain base method, the base period is.
Question # 6
WPI stand for.
Question # 7
If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.
Question # 8
Paasche's index number is called.
Question # 9
Index numbers are called.
Question # 10
The prices of rice are compared by.
Question # 11
The number of commodities in the construction of whole sale index should between 20 to 50, according to.
Question # 12
Fisher index number is the G.M. of the.
Question # 13
Which of the following is called an ideal index number.
Question # 14
Consumer price index numbers are obtained by.
Question # 15
The most suitable average for computation of index numbers is.
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 | WPI stand for. |
A. Whole sale price index
B. Whole price index
C. Wider price index
D. Weighted price index
|
| 2 | A normal year shuld be free from. |
A. Floods
B. Strikes
C. War
D. All of above
|
| 3 | The most suitable average for computation of index numbers is. |
A. G.M
B. Median
C. A.M
D. Mode
|
| 4 | The prices of rice are compared by. |
A. Weighted index
B. Simple index
C. Composite index
D. Compound index
|
| 5 | Which of the following is called an ideal index number. |
A. Paasche's index number
B. Laspeyre's index number
C. Marshal's index number
D. Fisher's index number
|
| 6 | Marshall Edgeworth price index was proposed by. |
A. Two english economist
B. Two English mathematician
C. Three English economist
D. the English Scientist
|
| 7 | Consumer price index numbers are obtained by. |
A. Fisher's ideal formula
B. Marshall Edgeworth's formula
C. Paasche's formula
D. Laspayre's formula
|
| 8 | Index number calculated by Fisher's formula is ideal because it satisfies. |
A. Factor reversal test
B. Time reversal test
C. Circular test
D. All of above
|
| 9 | Price relaties computed by chain base method is called. |
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
|
| 10 | Base year quantities are used as weights in. |
A. Paasche's index number
B. fisher's index number
C. Marshall Edgeworth index number
D. Lespeyre's index number
|
Test Questions