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

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D

Which of the following indices has an upward bias.

• Laspeyres' index A
• Paache's index B
• Fisher's index C
• None of these D

The weights used in a price index are.

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

In chain base method the base period is.

• Fixed A
• Changed B
• Constant 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 quantity index are

• Percentage of total quantity A
• Prices B
• Average of quantities C
• None of these D

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

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

CPI falls in the category of.

• A simple index A
• An aggregative B
• An inflationary index C
• Wholesale price index D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

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

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

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

Which is the most suitabel average in chain base method.

• Arithemetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number D

Geometric mean is a suitable average in ______ method.

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