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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
Commodities subject to considerable price variation should best be measured by
Question # 2
Both quantities and prices are used in
Question # 3
The weights used in a price index are.
Question # 4
Composite inde numebr involves commodities.
Question # 5
Price of commodity in current year can be represented as
Question # 6
While dealing with price we use ----------------- as weights
Question # 7
The weights used in a quantity index are
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
CPI falls in the category of.
Question # 10
The index number are generally classified into ___________ types.
Question # 11
Paasche's index number is:
Question # 12
In fixed base method, the base period should be.
Question # 13
The changes in whole sale or retail price are studies in
Question # 14
If all values considered in calculating an index are of equal importance, the index is
Question # 15
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 16
To measrue how much the cost of some variable changes over time you would use.
Question # 17
In chain base method the base period is.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 3 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 4 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 5 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 6 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 7 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 8 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
Test Questions