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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
Index number of the year text to the base year can be shown as
Question # 2
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 3
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 4
The index number are generally classified into ___________ types.
Question # 5
Both quantities and prices are used in
Question # 6
Price relatives is a ratio of current year price and.
Question # 7
In chain base method the base period is.
Question # 8
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 9
The most suitable average for computing of index number is:
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
The consumer price index number is also called.
Question # 12
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 13
Value of commodity can be calculate by the formula
Question # 14
Geometric mean is a suitable average in ______ method.
Question # 15
The change is whole sale or retail are studied ___________
Question # 16
Paasche's index is also called
Question # 17
How many basic types of index numbers.
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 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 3 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 4 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 5 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 6 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 7 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 8 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 9 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 10 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
Test Questions