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5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (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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ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 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
2 Geometric mean of the relative is.
  • A. Reversible
  • B. None - Reversible
  • C. Both A and B
  • D. None of these
3 Which index number has a wide soope
  • A. Special
  • B. General
  • C. Price
  • D. Quantity
4 Index number are called:
  • A. Mathematical barometer
  • B. Economic barometer
  • C. Statistical barometer
  • D. Both A and C
5 For computing chain index , we compute
  • A. Price relative
  • B. Link relative
  • C. Weighted indices
  • D. None of these
6 Both quantities and prices are used in
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives
  • D. Aggregative index numbers
7 Commodities subject to considerable price variation should best be measured by
  • A. Quantity index
  • B. Price index
  • C. Value index
  • D. None of thes
8 Both quantities and prices are used in:
  • A. Link relatives
  • B. Chain relatives
  • C. Average of relatives 
  • D. Aggregative index number
9 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
10 While dealing with price we use ----------------- as weights
  • A. Quantity
  • B. Quality
  • C. Volume
  • D. Both (b) and (c)

Top Scorers of Statistics Ics Part 1 Chapter 5 Online Test

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Noor Fatima 3207

Lahore30 - May - 2022

17/17
08 Mins 34 Sec
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Noor Fatima 3207

Lahore30 - May - 2022

10/17
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Hamza Abid

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Lahore12 - May - 2022

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Luqman Farooq

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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