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This online test contains MCQs about following topics:
Introduction to index number . Construction of price index number . Unweighted index numbers . Weighted index numbers . Consumer price index and wholesale price index
MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
Try The MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"
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Total Questions17
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Time Allowed20
Statistics Ics Part 1 Chapter 5 Online Test
00:00
Question # 1
The weights used in a quantity index are
Question # 2
The consumer price index number is also called.
Question # 3
Which index numbers are used to measure the buying power of the money
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
the base period can be described as a normal period if
Question # 6
The volume or quantity of goods are compared by
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
The weights used in a price index are.
Question # 9
Base yar weighted index number are.
Question # 10
Geometric mean of the relative is.
Question # 11
Value of commodity can be calculate by the formula
Question # 12
Composite inde numebr involves commodities.
Question # 13
Both quantities and prices are used in
Question # 14
Importance of commodity is its
Question # 15
Which index number has a wide soope
Question # 16
The change is whole sale or retail are studied ___________
Question # 17
Which is the most suitabel average in chain base method.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 2 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 3 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 4 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 5 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 6 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 7 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 8 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 9 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 10 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
Test Questions