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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 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.
Question # 2
CPI falls in the category of.
Question # 3
the base period can be described as a normal period if
Question # 4
Link relataives can be obtained dividing Pn by
Question # 5
Commodities subject to considerable price variation should be best measured by
Question # 6
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 7
The base period in fixed bases should be________
Question # 8
An index that measures the change for a fixed time period is called.
Question # 9
The volume or quantity of goods are compared by_______
Question # 10
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 11
When all the commodities are not of equal importance, the index numbers are called.
Question # 12
Which is the most suitabel average in chain base method.
Question # 13
Geometric mean of the relative is.
Question # 14
In the price relative, the given year price is divided by the _________.
Question # 15
Geometric mean is a suitable average in ______ method.
Question # 16
Price of commodity in current year can be represented as
Question # 17
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
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 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 2 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 3 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 4 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 5 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 6 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 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 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 9 | 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
|
| 10 | 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
|
Test Questions