12th Business Statistics Chapter 4 Test

Here you can prepare 12th Class Business Statistics Chapter 4 Index Numbers Test. Click the button for 100% free full practice test.

12th class Business Statistics chapter 4 online mcq test with answers for ICom part 2 Business Statistics Chapter 4 (Index Numbers)

12th class Business Statistics chapter 4 online mcq test with answers for ICom part 2 Business Statistics Chapter 4 (Index Numbers)

Sr. # Questions Answers Choice
1 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
2 In fixed base method the base period should be.
  • A. Normal year
  • B. Abnormal year
  • C. Fluctuatingyear
  • D. Both b and c
3 The most suitable average for computation of index numbers is.
  • A. G.M
  • B. Median
  • C. A.M
  • D. Mode
4 The index numbers are calculated in.
  • A. Ratios
  • B. Percentages
  • C. Decimal
  • D. Fractions
5 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
6 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
7 If all the values of equal importance, the index numbers are called.
  • A. Unweighted
  • B. Weighted
  • C. Simple
  • D. Value index
8 If all the value are not of equal importance , the index number of called.
  • A. Weighted
  • B. Un weighted
  • C. Composite
  • D. Simple
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 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

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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