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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
If all values considered in calculating an index are of equal importance, the index is
Question # 2
Geometric mean is a suitable average in ______ method.
Question # 3
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 4
Importance of commodity is its
Question # 5
Both quantities and prices are used in
Question # 6
Index number of the year text to the base year can be shown as
Question # 7
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Circular test is satisfied by
Question # 13
In chain base method the base period is.
Question # 14
Composite inde numebr involves commodities.
Question # 15
Index for base period is always take as.
Question # 16
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 17
Paasche's index number is:
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 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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 3 | 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
|
| 4 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | 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
|
| 6 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 7 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 8 | 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
|
| 9 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 10 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
Test Questions