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

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

Index number are called:

• Mathematical barometer A
• Economic barometer B
• Statistical barometer C
• Both A and C D

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

• 100 A
• 200 B
• Zero C
• 1000 D

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

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

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

The weights used in a price index are.

• Percentage of total price A
• Average of prices B
• Quantities C
• None of these D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

the base period can be described as a normal period if

• it is neither the peak nor the trough of a fluctuation A
• It is the most recent period for which we have data B
• It is the average of several consecutive pariods C
• None of these D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of thes D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

An index having a wide scope is called:

• Price index number A
• General purpose index number  B
• Special purpose index number C
• None of these D