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

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

12th Class Business Statistics Online MCQ's Test with Answers for Chapter 4 (Index Numbers)

Sr. # Questions Answers Choice
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 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
3 Paasche's index number is called.
  • A. Composite index number
  • B. Simple index number
  • C. Un weighted index number
  • D. None of above
4 In chain base method, the base period is.
  • A. Constant
  • B. Fixed
  • C. Not fixed
  • D. None of these
5 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
6 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
7 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
8 The most suitable average for computation of index numbers is.
  • A. G.M
  • B. Median
  • C. A.M
  • D. Mode
9 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
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

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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