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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
Geometric mean of the relative is.
Question # 2
Commodities subject to considerable price variation should best be measured by
Question # 3
Value of commodity can be calculate by the formula
Question # 4
Price relatives is a ratio of current year price and.
Question # 5
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
CPI falls in the category of.
Question # 7
The price used in the construction of consumer price index numbers are.
Question # 8
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 9
the base period can be described as a normal period if
Question # 10
Composite inde numebr involves commodities.
Question # 11
Laspeyres index number is also called as:
Question # 12
In the price relative, the given year price is divided by the _________.
Question # 13
While dealing with price we use ----------------- as weights
Question # 14
The index numbers are generally classified into ------------- types
Question # 15
Both quantities and prices are used in:
Question # 16
Commodities subject to considerable price variation should be best measured by
Question # 17
The most suitable average for computing of 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 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 2 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 3 | 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
|
| 4 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 5 | 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
|
| 6 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 7 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 8 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.