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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 general purchasing power of currency is determined by.
Question # 2
When the price of a year is divided by the price of the preceding year we get.
Question # 3
Price relaties computed by chain base method is called.
Question # 4
Aggregative expenditure method and family budget method always give.
Question # 5
Which of the following is called an ideal index number.
Question # 6
A normal year shuld be free from.
Question # 7
In fixed base method the base period should be.
Question # 8
An index number having a wide scope is caled.
Question # 9
The general purchasing power of the currency of a country is determined by.
Question # 10
Base year quantities are used as weights in.
Question # 11
The prices of rice are compared by.
Question # 12
Consumer price index numbers are obtained by.
Question # 13
Laspeyre's index number is also called.
Question # 14
The number of commodities in the construction of whole sale index should between 20 to 50, according to.
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 | The number of commodities in the construction of whole sale index should between 20 to 50, according to. |
A. Fisher
B. Marshall
C. Edgeworth
D. Paasche's
|
| 2 | In fixed base method the base period should be. |
A. Normal year
B. Abnormal year
C. Fluctuatingyear
D. Both b and c
|
| 3 | 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
|
| 4 | Geometric mean of the relatives is. |
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
|
| 5 | Index for base period is always taken as. |
A. 50
B. 100
C. 120
D. 200
|
| 6 | The prices of rice are compared by. |
A. Weighted index
B. Simple index
C. Composite index
D. Compound index
|
| 7 | The index numbers are calculated in. |
A. Ratios
B. Percentages
C. Decimal
D. Fractions
|
| 8 | Aggregative expenditure method and family budget method always give. |
A. Approximate results
B. Same results
C. Antonymous results
D. Different results
|
| 9 | 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
|
| 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