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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
Commodities subject to considerable price variation should be best measured by
Question # 2
The base period in fixed bases should be________
Question # 3
Which method of construction of consumer price index number is the laspeye's index number.
Question # 4
In a fixed base method which period is taken always 100
Question # 5
Index number of the year text to the base year can be shown as
Question # 6
The index number are generally classified into ___________ types.
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
In chain base method the base period is.
Question # 11
If all values considered in calculating an index are of equal importance, the index is
Question # 12
Which is the most useful average in chain base method
Question # 13
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 14
Importance of commodity is its
Question # 15
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 16
While dealing with price we use ----------------- as weights
Question # 17
An index that measures the change for a fixed time period is called.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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A Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17 -
U Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17 -
M Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17 -
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A Ammara 13 - May - 2024 02 Min 13 Sec 13/17 -
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M Muhammad Ali 02 - Jun - 2024 03 Min 36 Sec 13/17 -
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H HAROON ZUBAIR 23 - Oct - 2023 04 Min 31 Sec 12/17
ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 2 | 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
|
| 3 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 4 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 5 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 6 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 7 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 8 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 9 | 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
|
| 10 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.