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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
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 2
Commodities subject to considerable price variation should be best measured by
Question # 3
In chain base method the base period is.
Question # 4
The base period in fixed base should be
Question # 5
Which index numbers are used to measure the buying power of the money
Question # 6
the base period can be described as a normal period if
Question # 7
Price of commodity in current year can be represented as
Question # 8
How many basic types of index numbers.
Question # 9
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 12
The base period in fixed bases should be________
Question # 13
Geometric mean of the relative is.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
To measrue how much the cost of some variable changes over time you would use.
Question # 16
CPI falls in the category of.
Question # 17
Commodities subject to considerable price variation should best be measured by
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 of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 2 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 3 | 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
|
| 4 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 5 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 6 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 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 | 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
|
| 9 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 10 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.