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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
Which method of construction of consumer price index number is the laspeye's index number.
Question # 2
Which index numbers are used to measure the buying power of the money
Question # 3
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
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 # 6
If all values considered in calculating an index are of equal importance, the index is
Question # 7
Base yar weighted index number are.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
How many basic types of index numbers.
Question # 10
In a fixed base method which period is taken always 100
Question # 11
An index that measures the change for a fixed time period is called.
Question # 12
Link relataives can be obtained dividing Pn by
Question # 13
Composite inde numebr involves commodities.
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
Circular test is satisfied by
Question # 16
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 17
Geometric mean of the relative 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 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 2 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 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 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 5 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 6 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 7 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 8 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
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| 9 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 10 | 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
|
Test Questions