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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
An index that measures the change for a fixed time period is called.
Question # 2
Index number of the year text to the base year can be shown as
Question # 3
Commodities subject to considerable price variation should best be measured by
Question # 4
Index number are called:
Question # 5
Laspeyres index number is also called as:
Question # 6
Paasche's index is also called
Question # 7
Link relataives can be obtained dividing Pn by
Question # 8
Commodities subject to considerable price variation should best be measured by
Question # 9
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 10
Consumer price indexis obtained by.
Question # 11
The volume or quantity of goods are compared by
Question # 12
Value of commodity can be calculate by the formula
Question # 13
Base yar weighted index number are.
Question # 14
the base period can be described as a normal period if
Question # 15
Which is the most useful average in chain base method
Question # 16
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 17
The price used in the construction of consumer price index numbers are.
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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 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 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 4 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 5 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 6 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 7 | 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
|
| 8 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 9 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
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| 10 | 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
|
Test Questions
