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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
If we went to compare the prices of wheat then we have to compute.
Question # 2
Index number of the year text to the base year can be shown as
Question # 3
The consumer price index number is also called.
Question # 4
Value of commodity can be calculate by the formula
Question # 5
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 6
The change is whole sale or retail are studied ___________
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 9
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 10
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 11
Price of commodity in current year can be represented as
Question # 12
The price used in the construction of consumer price index numbers are.
Question # 13
Composite inde numebr involves commodities.
Question # 14
In chain base method the base period is.
Question # 15
While dealing with price we use ----------------- as weights
Question # 16
Which method of construction of consumer price index number is the laspeye's index number.
Question # 17
Paasche's index number is:
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 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 3 | 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
|
| 4 | Which of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 5 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 6 | 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
|
| 7 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 8 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 9 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 10 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
Test Questions