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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
The base period in fixed base should be
Question # 2
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 3
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 4
The changes in whole sale or retail price are studies in
Question # 5
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 6
Which index number has a wide soope
Question # 7
The volume or quantity of goods are compared by
Question # 8
Consumer price indexis obtained by.
Question # 9
CPI falls in the category of.
Question # 10
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
In chain base method the base period is.
Question # 12
the base period can be described as a normal period if
Question # 13
Price relatives is a ratio of current year price and.
Question # 14
Laspeyres index number is also called as:
Question # 15
The change is whole sale or retail are studied ___________
Question # 16
Both quantities and prices are used in:
Question # 17
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
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 | 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
|
| 2 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 3 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 4 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 5 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 6 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 7 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 8 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 9 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 10 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
Test Questions