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

MCQ's Test For Chapter 4 "Business Statistics Icom Part 2 English Medium Chapter 4 Online Test"

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Business Statistics Icom Part 2 English Medium Chapter 4 Online Test

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Question # 1

If all the values of equal importance, the index numbers are called.

Question # 2

The index numbers are calculated in.

Question # 3

When the price of a year is divided by the price of the preceding year we get.

Question # 4

Base year quantities are used as weights in.

Question # 5

Fisher index number is the G.M. of the.

Question # 6

Marshall Edgeworth price index was proposed by.

Question # 7

Geometric mean of the relatives is.

Question # 8

In chain base method, the base period is.

Question # 9

The prices of rice are compared by.

Question # 10

An index number having a wide scope is caled.

Question # 11

An index number is called a simple index when it is computed from.

Question # 12

If Laspayer's price index = 109.5, Paasche's price inded = 112.5, then fisher's ideal index will be equal to.

Question # 13

Consumer price index numbers are obtained by.

Question # 14

A normal year shuld be free from.

Question # 15

The general purchasing power of currency is determined by.

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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 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
2 Index numbers are called.
A. Economic barometers
B. Mathematical barometers
C. Statistical barometers
D. Scientific barometers
3 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
4 Index for base period is always taken as.
A. 50
B. 100
C. 120
D. 200
5 Price relaties computed by chain base method is called.
A. Link relatives
B. Value inded
C. Simple relatives
D. Price relatives
6 WPI stand for.
A. Whole sale price index
B. Whole price index
C. Wider price index
D. Weighted price index
7 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
8 In chain base method, the base period is.
A. Constant
B. Fixed
C. Not fixed
D. None of these
9 If all the values of equal importance, the index numbers are called.
A. Unweighted
B. Weighted
C. Simple
D. Value index
10 The general purchasing power of currency is determined by.
A. Volume index
B. Composite index
C. Whole sale price index
D. Retail price index

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