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

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ICS Part 1 Statistics Chapter 5 Important MCQ's

Sr.#	Question	Answer
1		A. The Laspeyres index B. The Paasches index C. The value index D. None of these
2	How many basic types of index numbers.	A. 2 B. 3 C. 4 D. 5
3	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
4	Circular test is satisfied by	A. Laspeyres index B. Paasche's index C. Fisher's method D. None of these
5	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
6	Which is the most useful average in chain base method	A. Arithmetic mean B. Median C. Geometric mean D. Weighted arithmetic mean
7	When all the commodities are not of equal importance, the index numbers are called.	A. Simple B. Weighted C. Value D. Un weighted
8	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
9	the base period can be described as a normal period if	A. it is neither the peak nor the trough of a fluctuation B. It is the most recent period for which we have data C. It is the average of several consecutive pariods D. None of these
10	Which of the following methods uses quantities consumed in the current period when computing a weighted index.	A. Laspeyres' method B. Paache's method C. Fisher's method D. Marshall -Edge worth's method