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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 price used in the construction of consumer price index numbers are.
Question # 2
How many basic types of index numbers.
Question # 3
Which is the most useful average in chain base method
Question # 4
Which index number has a wide soope
Question # 5
Paasche's index is also called
Question # 6
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 7
In fixed base method, the base period should be.
Question # 8
To measrue how much the cost of some variable changes over time you would use.
Question # 9
In chain base method the base period is.
Question # 10
The index number are generally classified into ___________ types.
Question # 11
The volume or quantity of goods are compared by_______
Question # 12
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 13
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 14
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 15
Index number of the year text to the base year can be shown as
Question # 16
The index numbers are generally classified into ------------- types
Question # 17
the base period can be described as a normal period if
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 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 2 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 3 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 4 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 5 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 6 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 7 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 8 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
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| 9 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 10 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
Test Questions