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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
For computing chain index , we compute
Question # 2
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 3
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 4
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 5
The volume or quantity of goods are compared by_______
Question # 6
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.
Question # 7
In fixed base method, the base period should be.
Question # 8
The index number are generally classified into ___________ types.
Question # 9
Value of commodity can be calculate by the formula
Question # 10
Which of the following indices has an upward bias.
Question # 11
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 12
The weights used in a quantity index are
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
In chain base method the base period is.
Question # 15
Index for base period is always take as.
Question # 16
Base yar weighted index number are.
Question # 17
Importance of commodity is its
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 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 2 | 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
|
| 3 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 4 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 6 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 7 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 8 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 9 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.