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5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

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

ICS Part 1 Statistics Chapter 5 Test

Start Chapter 5 Test

ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 Circular test is satisfied by
  • A. Laspeyres index
  • B. Paasche's index
  • C. Fisher's method
  • D. None of these
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 Base yar weighted index number are.
  • A. Laspeyre's
  • B. Paasche's
  • C. Fisher's
  • D. C.P.I
4 Price of commodity in current year can be represented as
  • A. P<sub>oi</sub>
  • B. P<sub>on</sub>
  • C. P<sub>n</sub>
  • D. P<sub>i</sub>
5 In a fixed base method which period is taken always 100
  • A. Preceding
  • B. Following
  • C. Base
  • D. Current
6 Which of the following methods uses quantities consumed in the base period when computing a weighted index.
  • A. Laspeyree'method
  • B. Paasche's method
  • C. Fisher's method
  • D. None of these
7 Importance of commodity is its
  • A. Quantity
  • B. Quality
  • C. Weight
  • D. Price
8 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
9 The base period &nbsp;in fixed bases should be________
  • A. A normal year
  • B. Abnormal year
  • C. Special
  • D. General
10 Composite inde numebr involves commodities.
  • A. One
  • B. Two
  • C. Three
  • D. More than one

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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