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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
Index number are called:
Question # 2
Index for base period is always take as.
Question # 3
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 4
Both quantities and prices are used in
Question # 5
Laspeyres index number is also called as:
Question # 6
Geometric mean is a suitable average in ______ method.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
An index that measures the change for a fixed time period is called.
Question # 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.
Question # 10
The volume or quantity of goods are compared by
Question # 11
Which of the following indices has an upward bias.
Question # 12
Theoretically best average used in the construction of composite index in
Question # 13
In chain base method the base period is.
Question # 14
The weights used in a quantity index are
Question # 15
In a fixed base method which period is taken always 100
Question # 16
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 17
The changes in whole sale or retail price are studies in
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 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 2 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 3 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 4 | 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
|
| 5 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 6 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 7 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 8 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 9 | 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
|
| 10 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.