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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
An index number having a wide scope is caled.
Question # 2
Laspeyre's index number is also called.
Question # 3
Paasche's index number is called.
Question # 4
If all the value are not of equal importance , the index number of called.
Question # 5
Consumer price index numbers are obtained by.
Question # 6
Fisher index number is the G.M. of the.
Question # 7
Index numbers are divided into following tow types.
Question # 8
Which of the following is called an ideal index number.
Question # 9
An index number calculated for more than on items is called.
Question # 10
WPI stand for.
Question # 11
A normal year shuld be free from.
Question # 12
The most suitable average for computation of index numbers is.
Question # 13
Index numbers are called.
Question # 14
Geometric mean of the relatives is.
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 | If all the values of equal importance, the index numbers are called. |
A. Unweighted
B. Weighted
C. Simple
D. Value index
|
| 2 | WPI stand for. |
A. Whole sale price index
B. Whole price index
C. Wider price index
D. Weighted price index
|
| 3 | 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
|
| 4 | Aggregative expenditure method and family budget method always give. |
A. Approximate results
B. Same results
C. Antonymous results
D. Different results
|
| 5 | Price relaties computed by chain base method is called. |
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
|
| 6 | 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
|
| 7 | In fixed base method the base period should be. |
A. Normal year
B. Abnormal year
C. Fluctuatingyear
D. Both b and c
|
| 8 | 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
|
| 9 | 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
|
| 10 | In chain base method, the base period is. |
A. Constant
B. Fixed
C. Not fixed
D. None of these
|
Test Questions