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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 we went to compare the prices of wheat then we have to compute.
Question # 2
In chain base method the base period is.
Question # 3
Price relatives is a ratio of current year price and.
Question # 4
Price of commodity in current year can be represented as
Question # 5
Composite inde numebr involves commodities.
Question # 6
The weights used in a quantity index are
Question # 7
To measrue how much the cost of some variable changes over time you would use.
Question # 8
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 9
An index that measures the change for a fixed time period is called.
Question # 10
An index having a wide scope is called:
Question # 11
Index number of the year text to the base year can be shown as
Question # 12
Which of the following indices has an upward bias.
Question # 13
In fixed base method, the base period should be.
Question # 14
Index number are called:
Question # 15
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 16
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
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 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
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| 2 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 3 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
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| 4 | 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
|
| 5 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 6 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 7 | 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
|
| 8 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
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| 9 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
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| 10 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
Test Questions