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

Consumer price indexis obtained by.

• Paache's formula A
• Marshall Edgeworth formula B
• Fisher's ideal formula C
• Family Budget Method formula D

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

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 is the most suitabel average in chain base method.

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

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

The volume or quantity of goods are compared by_______

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

In chain base method the base period is.

• Fixed A
• Changed B
• Constant C
• None of these D

Which is the most useful average in chain base method

• Arithmetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean 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

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

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 base period in fixed base should be

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

Value of commodity can be calculate by the formula

• P_o x P_n A
• Price x volume B
• 
  
  
  C
• Price x quantity D

The weights used in a quantity index are

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

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average 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