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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
The most suitable average for computing of index number is:
Question # 3
The volume or quantity of goods are compared by_______
Question # 4
For computing chain index , we compute
Question # 5
Price of commodity in current year can be represented as
Question # 6
Theoretically best average used in the construction of composite index in
Question # 7
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Link relataives can be obtained dividing Pn by
Question # 9
Which is the most suitabel average in chain base method.
Question # 10
The base period in fixed base should be
Question # 11
If we went to compare the prices of wheat then we have to compute.
Question # 12
Paasche's index number is:
Question # 13
Base yar weighted index number are.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
The base period in fixed bases should be________
Question # 16
How many basic types of index numbers.
Question # 17
Geometric mean is a suitable average in ______ method.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 2 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 3 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 4 | 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
|
| 5 | 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
|
| 6 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 7 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 8 | 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
|
| 9 | 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
|
| 10 | 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
|
Test Questions