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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
The volume or quantity of goods are compared by
Question # 2
the base period can be described as a normal period if
Question # 3
Link relataives can be obtained dividing Pn by
Question # 4
Commodities subject to considerable price variation should best be measured by
Question # 5
The index numbers are generally classified into ------------- types
Question # 6
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 # 7
In the price relative, the given year price is divided by the _________.
Question # 8
Importance of commodity is its
Question # 9
Index number are called:
Question # 10
Price of commodity in current year can be represented as
Question # 11
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 12
Base yar weighted index number are.
Question # 13
Which is the most useful average in chain base method
Question # 14
In chain base method the base period is.
Question # 15
If all values considered in calculating an index are of equal importance, the index is
Question # 16
The consumer price index number is also called.
Question # 17
Which of the followingindices satisfies both the time reversal and factor reversal tests.
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 | 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
|
| 2 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 3 | 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
|
| 4 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 5 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 6 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 7 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 8 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 9 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 10 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.