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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 weights used in a quantity index are
Question # 2
Index for base period is always take as.
Question # 3
If we went to compare the prices of wheat then we have to compute.
Question # 4
For computing chain index , we compute
Question # 5
Which method of construction of consumer price index number is the laspeye's index number.
Question # 6
Both quantities and prices are used in:
Question # 7
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 8
Both quantities and prices are used in
Question # 9
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 10
Price relatives is a ratio of current year price and.
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
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 # 14
The most suitable average for computing of index number is:
Question # 15
In fixed base method, the base period should be.
Question # 16
Price of commodity in current year can be represented as
Question # 17
Which index number has a wide soope
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 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 2 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 3 | 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
|
| 4 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 5 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 6 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 7 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 8 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 9 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
| 10 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.