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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 following price indices are prepared by Federal Bureau of Statistics.
Question # 2
The volume or quantity of goods are compared by
Question # 3
For computing chain index , we compute
Question # 4
The price used in the construction of consumer price index numbers are.
Question # 5
Which index number has a wide soope
Question # 6
When all the commodities are not of equal importance, the index numbers are called.
Question # 7
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 8
Composite inde numebr involves commodities.
Question # 9
While dealing with price we use ----------------- as weights
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
Which method of construction of consumer price index number is the laspeye's index number.
Question # 12
Link relataives can be obtained dividing Pn by
Question # 13
In a fixed base method which period is taken always 100
Question # 14
The base period in fixed bases should be________
Question # 15
Commodities subject to considerable price variation should be best measured by
Question # 16
An index having a wide scope is called:
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 | 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
|
| 2 | 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
|
| 3 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 4 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 5 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 6 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 7 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 8 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 9 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 10 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
Test Questions