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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
An index that measures the change for a fixed time period is called.
Question # 2
The base period in fixed bases should be________
Question # 3
Index for base period is always take as.
Question # 4
When all the commodities are not of equal importance, the index numbers are called.
Question # 5
In a fixed base method which period is taken always 100
Question # 6
The price used in the construction of consumer price index numbers are.
Question # 7
Index number are called:
Question # 8
Value of commodity can be calculate by the formula
Question # 9
Circular test is satisfied by
Question # 10
The most suitable average for computing of index number is:
Question # 11
Which is the most suitabel average in chain base method.
Question # 12
Theoretically best average used in the construction of composite index in
Question # 13
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 14
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 15
Price relatives is a ratio of current year price and.
Question # 16
Laspeyres index number is also called as:
Question # 17
Both quantities and prices are used in
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 | 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
|
| 2 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 3 | 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
|
| 4 | 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
|
| 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 6 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 7 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 8 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 9 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 10 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
Test Questions