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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
Commodities subject to considerable price variation should be best measured by
Question # 3
The index number are generally classified into ___________ types.
Question # 4
In chain base method the base period is.
Question # 5
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
The change is whole sale or retail are studied ___________
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
If we went to compare the prices of wheat then we have to compute.
Question # 10
Which index number has a wide soope
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 13
Price relatives is a ratio of current year price and.
Question # 14
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 15
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 16
When all the commodities are not of equal importance, the index numbers are called.
Question # 17
Geometric mean is a suitable average in ______ 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 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 2 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 3 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 4 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 5 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 6 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 7 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 8 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 9 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 10 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
Test Questions