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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
In chain base method the base period is.
Question # 2
Index number of the year text to the base year can be shown as
Question # 3
If all values considered in calculating an index are of equal importance, the index is
Question # 4
Laspeyres index number is also called as:
Question # 5
The base period in fixed base should be
Question # 6
In fixed base method, the base period should be.
Question # 7
Composite inde numebr involves commodities.
Question # 8
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 9
The base period in fixed bases should be________
Question # 10
Which is the most useful average in chain base method
Question # 11
In the price relative, the given year price is divided by the _________.
Question # 12
When all the commodities are not of equal importance, the index numbers are called.
Question # 13
Consumer price indexis obtained by.
Question # 14
The changes in whole sale or retail price are studies in
Question # 15
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 16
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 # 17
Which is the most suitabel average in chain base method.
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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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 3 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 4 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 5 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 6 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 7 | 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
|
| 8 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 9 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 10 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.