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 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
2 For computing chain index , we compute
  • A. Price relative
  • B. Link relative
  • C. Weighted indices
  • D. None of these
3 Geometric mean of the relative is.
  • A. Reversible
  • B. None - Reversible
  • C. Both A and B
  • D. None of these
4 The base period  in fixed bases should be________
  • A. A normal year
  • B. Abnormal year
  • C. Special
  • D. General
5 When the base year values are used as weights, the weighted average of relatives price index is the same as.
  • A. the paache's index
  • B. The laspeyres index
  • C. The unweighted average of relatives price index
  • D. None of these
6 The base period in fixed base should be
  • A. Current year
  • B. Normal year
  • C. Highest year
  • D. Lowest year
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 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 When all the commodities are not of equal importance, the index numbers are called.
  • A. Simple
  • B. Weighted
  • C. Value
  • D. Un weighted
10 An index having a wide scope is called:
  • A. Price index number
  • B. General purpose index number 
  • C. Special purpose index number
  • D. None of these

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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