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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
00:00
Question # 1
In chain base method, the base period is.
Question # 2
When the price of the year is divided by the price of a particular year we get.
Question # 3
Geometric mean of the relatives is.
Question # 4
An index number having a wide scope is caled.
Question # 5
An index number is called a simple index when it is computed from.
Question # 6
In fixed base method the base period should be.
Question # 7
If all the value are not of equal importance , the index number of called.
Question # 8
Laspeyre's index number is also called.
Question # 9
The prices of rice are compared by.
Question # 10
Index numbers are called.
Question # 11
Fisher index number is the G.M. of the.
Question # 12
WPI stand for.
Question # 13
The general purchasing power of currency is determined by.
Question # 14
Base year quantities are used as weights in.
Question # 15
The number of commodities in the construction of whole sale index should between 20 to 50, according to.
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 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
|
| 2 | Price relaties computed by chain base method is called. |
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
|
| 3 | 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
|
| 4 | 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
|
| 5 | Which of the following is called an ideal index number. |
A. Paasche's index number
B. Laspeyre's index number
C. Marshal's index number
D. Fisher's index number
|
| 6 | 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
|
| 7 | Geometric mean of the relatives is. |
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
|
| 8 | If all the values of equal importance, the index numbers are called. |
A. Unweighted
B. Weighted
C. Simple
D. Value index
|
| 9 | The index numbers are calculated in. |
A. Ratios
B. Percentages
C. Decimal
D. Fractions
|
| 10 | The prices of rice are compared by. |
A. Weighted index
B. Simple index
C. Composite index
D. Compound index
|
Test Questions