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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
The number of commodities in the construction of whole sale index should between 20 to 50, according to.
Question # 2
The general purchasing power of currency is determined by.
Question # 3
When the price of a year is divided by the price of the preceding year we get.
Question # 4
Aggregative expenditure method and family budget method always give.
Question # 5
The most suitable average for computation of index numbers is.
Question # 6
Base year quantities are used as weights in.
Question # 7
Index numbers are divided into following tow types.
Question # 8
In chain base method, the base period is.
Question # 9
If all the values of equal importance, the index numbers are called.
Question # 10
Marshall Edgeworth price index was proposed by.
Question # 11
An index number having a wide scope is caled.
Question # 12
An index number is called a simple index when it is computed from.
Question # 13
If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.
Question # 14
Index number calculated by Fisher's formula is ideal because it satisfies.
Question # 15
The prices of rice are compared by.
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 | Index for base period is always taken as. |
A. 50
B. 100
C. 120
D. 200
|
| 2 | Price relaties computed by chain base method is called. |
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
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| 3 | 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
|
| 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 | 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
|
| 6 | The index numbers are calculated in. |
A. Ratios
B. Percentages
C. Decimal
D. Fractions
|
| 7 | The most suitable average for computation of index numbers is. |
A. G.M
B. Median
C. A.M
D. Mode
|
| 8 | Geometric mean of the relatives is. |
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
|
| 9 | Paasche's index number is called. |
A. Composite index number
B. Simple index number
C. Un weighted index number
D. None of above
|
| 10 | 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
|
Test Questions