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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 Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 2
Which index numbers are used to measure the buying power of the money
Question # 3
The volume or quantity of goods are compared by_______
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
The base period in fixed base should be
Question # 7
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 8
Laspeyres index number is also called as:
Question # 9
Link relataives can be obtained dividing Pn by
Question # 10
Paasche's index is also called
Question # 11
Both quantities and prices are used in:
Question # 12
An index having a wide scope is called:
Question # 13
How many basic types of index numbers.
Question # 14
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 15
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 16
In chain base method the base period is.
Question # 17
If we went to compare the prices of wheat then we have to compute.
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 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 2 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 3 | 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
|
| 4 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 6 | 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
|
| 7 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 8 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 9 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.