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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
Which of the following is called an ideal index number.
Question # 2
When the price of the year is divided by the price of a particular year we get.
Question # 3
WPI stand for.
Question # 4
In chain base method, the base period is.
Question # 5
The index numbers are calculated in.
Question # 6
The prices of rice are compared by.
Question # 7
If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.
Question # 8
If all the values of equal importance, the index numbers are called.
Question # 9
Index number calculated by Fisher's formula is ideal because it satisfies.
Question # 10
An index number calculated for more than on items is called.
Question # 11
Aggregative expenditure method and family budget method always give.
Question # 12
When the price of a year is divided by the price of the preceding year we get.
Question # 13
Consumer price index numbers are obtained by.
Question # 14
Index numbers are divided into following tow types.
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 numbers are called. |
A. Economic barometers
B. Mathematical barometers
C. Statistical barometers
D. Scientific barometers
|
| 2 | 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
|
| 3 | If all the value are not of equal importance , the index number of called. |
A. Weighted
B. Un weighted
C. Composite
D. Simple
|
| 4 | An index number having a wide scope is caled. |
A. Special purpose inded number
B. Price index number
C. General purpose index number
D. Quantity index number
|
| 5 | The index numbers are calculated in. |
A. Ratios
B. Percentages
C. Decimal
D. Fractions
|
| 6 | 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
|
| 7 | Base year quantities are used as weights in. |
A. Paasche's index number
B. fisher's index number
C. Marshall Edgeworth index number
D. Lespeyre's index number
|
| 8 | Paasche's index number is called. |
A. Composite index number
B. Simple index number
C. Un weighted index number
D. None of above
|
| 9 | If all the values of equal importance, the index numbers are called. |
A. Unweighted
B. Weighted
C. Simple
D. Value index
|
| 10 | WPI stand for. |
A. Whole sale price index
B. Whole price index
C. Wider price index
D. Weighted price index
|
Test Questions