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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
Commodities subject to considerable price variation should be best measured by
Question # 2
Price of commodity in current year can be represented as
Question # 3
The volume or quantity of goods are compared by_______
Question # 4
Paasche's index is also called
Question # 5
In chain base method the base period is.
Question # 6
If we went to compare the prices of wheat then we have to compute.
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 9
The base period in fixed bases should be________
Question # 10
The weights used in a quantity index are
Question # 11
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 12
Value of commodity can be calculate by the formula
Question # 13
While dealing with price we use ----------------- as weights
Question # 14
The volume or quantity of goods are compared by
Question # 15
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 16
In a fixed base method which period is taken always 100
Question # 17
The change is whole sale or retail are studied ___________
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 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 2 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 3 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 4 | 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
|
| 5 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 6 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 7 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 8 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 9 | 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
|
| 10 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.