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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
In the price relative, the given year price is divided by the _________.
Question # 2
Which is the most useful average in chain base method
Question # 3
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Consumer price indexis obtained by.
Question # 6
Base yar weighted index number are.
Question # 7
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 8
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 # 9
The most suitable average for computing of index number is:
Question # 10
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 11
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 12
Geometric mean is a suitable average in ______ method.
Question # 13
The volume or quantity of goods are compared by_______
Question # 14
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 15
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 16
Which of the following indices satisfies both the time reversal and factor reveral tests.
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 | 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
|
| 2 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 3 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 4 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 5 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 6 | 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
|
| 7 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 9 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.