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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
Composite inde numebr involves commodities.
Question # 2
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
Which of the following indices has an upward bias.
Question # 4
Index for base period is always take as.
Question # 5
The base period in fixed base should be
Question # 6
CPI falls in the category of.
Question # 7
Geometric mean of the relative is.
Question # 8
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 9
The base period in fixed bases should be________
Question # 10
The consumer price index number is also called.
Question # 11
Which is the most suitabel average in chain base method.
Question # 12
The most suitable average for computing of index number is:
Question # 13
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
Geometric mean is a suitable average in ______ method.
Question # 16
Value of commodity can be calculate by the formula
Question # 17
Commodities subject to considerable price variation should best be measured by
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 | 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
|
| 2 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 3 | If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 4 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 5 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 6 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 7 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 8 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 9 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 10 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
Test Questions