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 The most suitable average for computation of index numbers is.
  • A. G.M
  • B. Median
  • C. A.M
  • D. Mode
2 Marshall Edgeworth price index was proposed by.
  • A. Two english economist
  • B. Two English mathematician
  • C. Three English economist
  • D. the English Scientist
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 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
5 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
6 The general purchasing power of the currency of a country is determined by.
  • A. Simpel index
  • B. Whole sale price index
  • C. Composite index
  • D. Volume index
7 Aggregative expenditure method and family budget method always give.
  • A. Approximate results
  • B. Same results
  • C. Antonymous results
  • D. Different results
8 Index for base period is always taken as.
  • A. 50
  • B. 100
  • C. 120
  • D. 200
9 If all the value are not of equal importance , the index number of called.
  • A. Weighted
  • B. Un weighted
  • C. Composite
  • D. Simple
10 A normal year shuld be free from.
  • A. Floods
  • B. Strikes
  • C. War
  • D. All of above

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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