12th Class Business Statistics Online MCQ's Test with Answers for Chapter 4 (Index Numbers)

ICOM Part 2 Business Statistics Chapter 4 Online MCQ's Test

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ICOM Part 2 Business Statistics Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 4 "Business Statistics Icom Part 2 English Medium Chapter 4 Online Test"

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Business Statistics Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

Index numbers are divided into following tow types.

Question # 2

If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.

Question # 3

Which of the following is called an ideal index number.

Question # 4

An index number having a wide scope is caled.

Question # 5

Fisher index number is the G.M. of the.

Question # 6

Index for base period is always taken as.

Question # 7

An index number calculated for more than on items is called.

Question # 8

When the price of a year is divided by the price of the preceding year we get.

Question # 9

Index number calculated by Fisher's formula is ideal because it satisfies.

Question # 10

Price relaties computed by chain base method is called.

Question # 11

Paasche's index number is called.

Question # 12

If all the values of equal importance, the index numbers are called.

Question # 13

If all the value are not of equal importance , the index number of called.

Question # 14

The general purchasing power of the currency of a country is determined by.

Question # 15

The prices of rice are compared by.

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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 most suitable average for computation of index numbers is.
A. G.M
B. Median
C. A.M
D. Mode
2 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
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 Index numbers are divided into following tow types.
A. Un- weighted and weighted index numbers
B. Simple and un-weighted index numbers
C. Price and quantity index numbers
D. Simple and composite index numbers
5 An index number is called a simple index when it is computed from.
A. Multiple variables
B. Bi. variables
C. Single variable
D. All of above
6 The general purchasing power of currency is determined by.
A. Volume index
B. Composite index
C. Whole sale price index
D. Retail price index
7 If all the values of equal importance, the index numbers are called.
A. Unweighted
B. Weighted
C. Simple
D. Value 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 Price relaties computed by chain base method is called.
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
10 An index number having a wide scope is caled.
A. Special purpose inded number
B. Price index number
C. General purpose index number
D. Quantity index number

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  • wajiha safdar

    wajiha safdar

    20 Feb 2016

    owesome site and mossst helpful site

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