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 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
2 The most suitable average for computation of index numbers is.
  • A. G.M
  • B. Median
  • C. A.M
  • D. Mode
3 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
4 If all the value are not of equal importance , the index number of called.
  • A. Weighted
  • B. Un weighted
  • C. Composite
  • D. Simple
5 In fixed base method the base period should be.
  • A. Normal year
  • B. Abnormal year
  • C. Fluctuatingyear
  • D. Both b and c
6 In chain base method, the base period is.
  • A. Constant
  • B. Fixed
  • C. Not fixed
  • D. None of these
7 Fisher index number is the G.M. of the.
  • A. Marshall Edgeworth index number
  • B. Liaspeyre's and Paasche's index number
  • C. Laspeyre's index number
  • D. Paasche's index number
8 Marshall Edgeworth price index was proposed by.
  • A. Two english economist
  • B. Two English mathematician
  • C. Three English economist
  • D. the English Scientist
9 Paasche's index number is called.
  • A. Composite index number
  • B. Simple index number
  • C. Un weighted index number
  • D. None of above
10 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

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    Wajiha Safdar

    20 Feb 2016

    owesome site and mossst helpful site

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