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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
Theoretically best average used in the construction of composite index in
Question # 2
Both quantities and prices are used in:
Question # 3
Which method of construction of consumer price index number is the laspeye's index number.
Question # 4
The price used in the construction of consumer price index numbers are.
Question # 5
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
Which is the most suitabel average in chain base method.
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
If we went to compare the prices of wheat then we have to compute.
Question # 10
Index number are called:
Question # 11
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 12
The base period in fixed bases should be________
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
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.
Question # 15
To measrue how much the cost of some variable changes over time you would use.
Question # 16
Which is the most useful average in chain base method
Question # 17
When the base year values are used as weights, the weighted average of relatives price index is the same as.
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 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 2 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 3 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 4 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 5 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 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 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 8 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 9 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 10 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.