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

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

ICS Part 1 Statistics Chapter 5 Test

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MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"

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Statistics Ics Part 1 Chapter 5 Online Test

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Question # 1

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

Question # 2

The most suitable average for computing of index number is:

Question # 3

Both quantities and prices are used in:

Question # 4

The volume or quantity of goods are compared by

Question # 5

If all values considered in calculating an index are of equal importance, the index is

Question # 6

Which of the followingindices satisfies both the time reversal and factor reversal tests.

Question # 7

Which of the followingindices satisfies both the time reversal and factor reversal tests.

Question # 8

Consumer price indexis obtained by.

Question # 9

Which index number has a wide soope

Question # 10

Composite inde numebr involves commodities.

Question # 11

In fixed base method, the base period should be.

Question # 12

The weights used in a quantity index are

Question # 13

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

Question # 14

CPI falls in the category of.

Question # 15

Index number are called:

Question # 16

The consumer price index number is also called.

Question # 17

The changes in whole sale or retail price are studies in

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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 For computing chain index , we compute
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
2 Both quantities and prices are used in
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
3 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.
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
4 Geometric mean of the relative is.
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
5 If we went to compare the prices of wheat then we have to compute.
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
6 When all the commodities are not of equal importance, the index numbers are called.
A. Simple
B. Weighted
C. Value
D. Un weighted
7 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.
A. 90.0
B. 13.75
C. 880
D. 110
8 Link relataives can be obtained dividing Pn by
A. Po
B. P n-1
C. qo
D. qn-1
9 Geometric mean is a suitable average in ______ method.
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
10 The price used in the construction of consumer price index numbers are.
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these

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