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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 of the relative is.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
In a fixed base method which period is taken always 100
Question # 4
Price of commodity in current year can be represented as
Question # 5
Circular test is satisfied by
Question # 6
While dealing with price we use ----------------- as weights
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
In the price relative, the given year price is divided by the _________.
Question # 9
Price relatives is a ratio of current year price and.
Question # 10
The price used in the construction of consumer price index numbers are.
Question # 11
CPI falls in the category of.
Question # 12
Which index numbers are used to measure the buying power of the money
Question # 13
Base yar weighted index number are.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
How many basic types of index numbers.
Question # 16
When all the commodities are not of equal importance, the index numbers are called.
Question # 17
The base period in fixed base should be
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 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 2 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 3 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 4 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 5 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 6 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 7 | 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
|
| 8 | 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
|
| 9 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.