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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  • Total Questions15

  • Time Allowed20

Business Statistics Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

Index for base period is always taken as.

Question # 2

Aggregative expenditure method and family budget method always give.

Question # 3

Which of the following is called an ideal index number.

Question # 4

In chain base method, the base period is.

Question # 5

An index number is called a simple index when it is computed from.

Question # 6

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

Question # 7

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

Question # 8

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

Question # 9

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

Question # 10

WPI stand for.

Question # 11

Base year quantities are used as weights in.

Question # 12

The prices of rice are compared by.

Question # 13

Laspeyre's index number is also called.

Question # 14

Paasche's index number is called.

Question # 15

The most suitable average for computation of index numbers is.

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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 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
2 Index numbers are called.
A. Economic barometers
B. Mathematical barometers
C. Statistical barometers
D. Scientific barometers
3 The general purchasing power of currency is determined by.
A. Volume index
B. Composite index
C. Whole sale price index
D. Retail price index
4 The prices of rice are compared by.
A. Weighted index
B. Simple index
C. Composite index
D. Compound index
5 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
6 Geometric mean of the relatives is.
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
7 When the price of a year is divided by the price of the preceding year we get.
A. Price index
B. simple relative
C. Link relative
D. Value index
8 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
9 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
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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