First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Theoretically best average used in the construction of composite index in

• The arithmetic mean A
• The geometric mean B
• The median C
• The harmonic mean D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

• 100 A
• 200 B
• Zero C
• 1000 D

Which of the following indices satisfies both the time reversal and factor reveral tests.

• Laspeyres' index A
• Fisher's index B
• Paasche's index C
• Marshall -edge worth D

Which of the following price indices are prepared by Federal Bureau of Statistics.

• Wholesale price index A
• Consumer price index B
• Sensitive price indicator C
• All of these D

The price used in the construction of consumer price index numbers are.

• The retail prices A
• The fixed price B
• Thw wholsale prices C
• None of these D

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

In the price relative, the given year price is divided by the _________.

• Base year price A
• Current year price B
• Previous year price C
• None of these D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

Which is the most useful average in chain base method

• Arithmetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

CPI falls in the category of.

• A simple index A
• An aggregative B
• An inflationary index C
• Wholesale price index D

Base yar weighted index number are.

• Laspeyre's A
• Paasche's B
• Fisher's C
• C.P.I D