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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
Value of commodity can be calculate by the formula
Question # 2
The changes in whole sale or retail price are studies in
Question # 3
The weights used in a quantity index are
Question # 4
For computing chain index , we compute
Question # 5
Composite inde numebr involves commodities.
Question # 6
The index number are generally classified into ___________ types.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
Both quantities and prices are used in
Question # 9
The weights used in a price index are.
Question # 10
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 11
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 14
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 15
Link relataives can be obtained dividing Pn by
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 index number has a wide soope
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 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 2 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 3 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 4 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 5 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 6 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 7 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 8 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 9 | If an unweighed average of revalives index pn/po x 100 is calculated for each product in the compostive, what is then done with these values to finish the calculation. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.