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 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
2 The index numbers are calculated in.
  • A. Ratios
  • B. Percentages
  • C. Decimal
  • D. Fractions
3 If all the values of equal importance, the index numbers are called.
  • A. Unweighted
  • B. Weighted
  • C. Simple
  • D. Value index
4 The general purchasing power of currency is determined by.
  • A. Volume index
  • B. Composite index
  • C. Whole sale price index
  • D. Retail price index
5 Price relaties computed by chain base method is called.
  • A. Link relatives
  • B. Value inded
  • C. Simple relatives
  • D. Price relatives
6 Aggregative expenditure method and family budget method always give.
  • A. Approximate results
  • B. Same results
  • C. Antonymous results
  • D. Different results
7 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
8 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
9 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
10 Index numbers are called.
  • A. Economic barometers
  • B. Mathematical barometers
  • C. Statistical barometers
  • D. Scientific barometers

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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