First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres method A
• Marshall -Edge worth's methods B
• Peasche's method C
• Fisher's method D

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

• 100 A
• 200 B
• Zero C
• 1000 D

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Consumer price indexis obtained by.

• Paache's formula A
• Marshall Edgeworth formula B
• Fisher's ideal formula C
• Family Budget Method formula D

An index that measures the change for a fixed time period is called.

• Chain base method A
• Fixed base method B
• Simple aggregative method C
• Cost of living method D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

Index number are called:

• Mathematical barometer A
• Economic barometer B
• Statistical barometer C
• Both A and C D

Index for base period is always take as.

• zero A
• one B
• 200 C
• 100 D