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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
Geometric mean is a suitable average in ______ method.
Question # 2
Commodities subject to considerable price variation should best be measured by
Question # 3
If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993.
Question # 4
To measrue how much the cost of some variable changes over time you would use.
Question # 5
If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation.
Question # 6
Composite inde numebr involves commodities.
Question # 7
The consumer price index number is also called.
Question # 8
An index that measures the change for a fixed time period is called.
Question # 9
Which is the most useful average in chain base method
Question # 10
The most suitable average for computing of index number is:
Question # 11
The base period in fixed bases should be________
Question # 12
Link relataives can be obtained dividing Pn by
Question # 13
Index number are called:
Question # 14
Laspeyres index number is also called as:
Question # 15
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 16
Price of commodity in current year can be represented as
Question # 17
Which of the followingindices satisfies both the time reversal and factor reversal tests.
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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A Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17 -
U Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17 -
M Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17 -
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 2 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 3 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 4 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 5 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 6 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 7 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 8 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 9 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 10 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
Test Questions