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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 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.
Question # 2
Both quantities and prices are used in:
Question # 3
The weights used in a price index are.
Question # 4
The price used in the construction of consumer price index numbers are.
Question # 5
Geometric mean is a suitable average in ______ method.
Question # 6
Price of commodity in current year can be represented as
Question # 7
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 8
Price relatives is a ratio of current year price and.
Question # 9
Which index number has a wide soope
Question # 10
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 11
Which of the following indices has an upward bias.
Question # 12
To measrue how much the cost of some variable changes over time you would use.
Question # 13
CPI falls in the category of.
Question # 14
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 15
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 16
Commodities subject to considerable price variation should best be measured by
Question # 17
Paasche's index is also called
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 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 2 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 3 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 4 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 5 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 6 | 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
|
| 7 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 8 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 9 | 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
|
| 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