First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

Which is the most suitabel average in chain base method.

• Arithemetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

For computing chain index , we compute

• Price relative A
• Link relative B
• Weighted indices C
• None of these D

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

• Laspeyree'method A
• Paasche's method B
• Fisher's method C
• None of these D

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number D

Index number of the year text to the base year can be shown as

• Q_n A
• Q_on B
• Q₀₁ C
• Q_oi D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

Circular test is satisfied by

• Laspeyres index A
• Paasche's index B
• Fisher's method C
• None of these D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D