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

Marshall Edgeworth price index was proposed by.

Question # 2

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

Question # 3

The index numbers are calculated in.

Question # 4

In chain base method, the base period is.

Question # 5

In fixed base method the base period should be.

Question # 6

WPI stand for.

Question # 7

Which of the following is called an ideal index number.

Question # 8

Aggregative expenditure method and family budget method always give.

Question # 9

Geometric mean of the relatives is.

Question # 10

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

Question # 11

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

Question # 12

Index numbers are called.

Question # 13

The most suitable average for computation of index numbers is.

Question # 14

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

Question # 15

Index numbers are divided into following tow types.

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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 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
2 Index numbers are called.
A. Economic barometers
B. Mathematical barometers
C. Statistical barometers
D. Scientific barometers
3 In fixed base method the base period should be.
A. Normal year
B. Abnormal year
C. Fluctuatingyear
D. Both b and c
4 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
5 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
6 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
7 If all the value are not of equal importance , the index number of called.
A. Weighted
B. Un weighted
C. Composite
D. Simple
8 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
9 The prices of rice are compared by.
A. Weighted index
B. Simple index
C. Composite index
D. Compound index
10 Paasche's index number is called.
A. Composite index number
B. Simple index number
C. Un weighted index number
D. None of above

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