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

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

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

Which is the most useful average in chain base method

• Arithmetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

An index having a wide scope is called:

• Price index number A
• General purpose index number  B
• Special purpose index number C
• None of these D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

Paasche's index number is:

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

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of thes D

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year 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

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

Index number are called:

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

The weights used in a quantity index are

• Percentage of total quantity A
• Prices B
• Average of quantities C
• None of these D