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

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

ICS Part 1 Statistics Chapter 5 Test

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MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"

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  • Total Questions17

  • Time Allowed20

Statistics Ics Part 1 Chapter 5 Online Test

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Question # 1

The base period in fixed base should be

Question # 2

Theoretically best average used in the construction of composite index in

Question # 3

Which of the following price indices are prepared by Federal Bureau of Statistics.

Question # 4

Index number of the year text to the base year can be shown as

Question # 5

Importance of commodity is its

Question # 6

Link relataives can be obtained dividing Pn by

Question # 7

Price relatives is a ratio of current year price and.

Question # 8

The changes in whole sale or retail price are studies in

Question # 9

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

Question # 10

To measrue how much the cost of some variable changes over time you would use.

Question # 11

the base period can be described as a normal period if

Question # 12

Base yar weighted index number are.

Question # 13

If we went to compare the prices of wheat then we have to compute.

Question # 14

The base period  in fixed bases should be________

Question # 15

Laspeyres index number is also called as:

Question # 16

In a fixed base method which period is taken always 100

Question # 17

Which is the most suitabel average in chain base method.

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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 In fixed base method, the base period should be.
A. Far away
B. Normal
C. Un reliable
D. Abnormal
2 Which of the following methods uses quantities consumed in the base period when computing a weighted index.
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
3 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
4 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
5 Which index number has a wide soope
A. Special
B. General
C. Price
D. Quantity
6 How many basic types of index numbers.
A. 2
B. 3
C. 4
D. 5
7 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
8 Geometric mean is a suitable average in ______ method.
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
9 Commodities subject to considerable price variation should best be measured by
A. Quantity index
B. Price index
C. Value index
D. None of these
10 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

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