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

Commodities subject to considerable price variation should be best measured by

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

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

An index that measures the change for a fixed time period is called.

• Chain base method A
• Fixed base method B
• Simple aggregative method C
• Cost of living method D

The volume or quantity of goods are compared by_______

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

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal 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

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

The weights used in a quantity index are

• Percentage of total quantity A
• Prices B
• Average of quantities C
• None 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

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average D

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