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

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

Question # 2

Geometric mean of the relatives is.

Question # 3

Price relaties computed by chain base method is called.

Question # 4

Paasche's index number is called.

Question # 5

Aggregative expenditure method and family budget method always give.

Question # 6

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

Question # 7

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

Question # 8

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

Question # 9

The number of commodities in the construction of whole sale index should between 20 to 50, according to.

Question # 10

The general purchasing power of currency is determined by.

Question # 11

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

Question # 12

Index numbers are called.

Question # 13

When the price of the year is divided by the price of a particular year we get.

Question # 14

An index number having a wide scope is caled.

Question # 15

The most suitable average for computation of index numbers is.

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Business Statistics
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ICOM Part 2 Business Statistics Chapter 4 Online MCQ's Test

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Sr.# Question Answer
1 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
2 An index number is called a simple index when it is computed from.
A. Multiple variables
B. Bi. variables
C. Single variable
D. All of above
3 If all the values of equal importance, the index numbers are called.
A. Unweighted
B. Weighted
C. Simple
D. Value index
4 If all the value are not of equal importance , the index number of called.
A. Weighted
B. Un weighted
C. Composite
D. Simple
5 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
6 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
7 Geometric mean of the relatives is.
A. Non -reversible
B. Reversible
C. Both a and b
D. None of above
8 In chain base method, the base period is.
A. Constant
B. Fixed
C. Not fixed
D. None of these
9 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
10 Marshall Edgeworth price index was proposed by.
A. Two english economist
B. Two English mathematician
C. Three English economist
D. the English Scientist
11 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
12 Index for base period is always taken as.
A. 50
B. 100
C. 120
D. 200
13 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
14 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
15 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

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