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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 index number given by formula Σpnqn/Σpnqn x100 is:
Question # 2
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 # 3
If all values considered in calculating an index are of equal importance, the index is
Question # 4
To measrue how much the cost of some variable changes over time you would use.
Question # 5
Importance of commodity is its
Question # 6
Which index number has a wide soope
Question # 7
When all the commodities are not of equal importance, the index numbers are called.
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
Both quantities and prices are used in:
Question # 10
Consumer price indexis obtained by.
Question # 11
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 12
The index numbers are generally classified into ------------- types
Question # 13
In fixed base method, the base period should be.
Question # 14
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 15
Laspeyres index number is also called as:
Question # 16
Which of the following indices has an upward bias.
Question # 17
Index for base period is always take as.
ICS Part 1 Statistics Chapter 5 MCQs Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 2 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 4 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 5 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 6 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 7 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 8 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 9 | 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
|
| 10 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.