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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
While dealing with price we use ----------------- as weights
Question # 3
The weights used in a price index are.
Question # 4
The most suitable average for computing of index number is:
Question # 5
The consumer price index number is also called.
Question # 6
Value of commodity can be calculate by the formula
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Importance of commodity is its
Question # 9
the base period can be described as a normal period if
Question # 10
Which is the most suitabel average in chain base method.
Question # 11
Paasche's index number is:
Question # 12
The changes in whole sale or retail price are studies in
Question # 13
The base period in fixed base should be
Question # 14
Geometric mean of the relative is.
Question # 15
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 # 16
Link relataives can be obtained dividing Pn by
Question # 17
The index numbers are generally classified into ------------- types
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 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 2 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 3 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 4 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 5 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 6 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 7 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 8 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 9 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
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| 10 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
Test Questions