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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 volume or quantity of goods are compared by
Question # 2
Which is the most suitabel average in chain base method.
Question # 3
If all values considered in calculating an index are of equal importance, the index is
Question # 4
Laspeyres index number is also called as:
Question # 5
Commodities subject to considerable price variation should best be measured by
Question # 6
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 7
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 8
While dealing with price we use ----------------- as weights
Question # 9
Which is the most useful average in chain base method
Question # 10
Which method of construction of consumer price index number is the laspeye's index number.
Question # 11
In the price relative, the given year price is divided by the _________.
Question # 12
The base period in fixed bases should be________
Question # 13
To measrue how much the cost of some variable changes over time you would use.
Question # 14
Composite inde numebr involves commodities.
Question # 15
The index number are generally classified into ___________ types.
Question # 16
Index for base period is always take 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 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 2 | 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
|
| 3 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 4 | 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
|
| 5 | 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
|
| 6 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 7 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 8 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 9 | 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
|
| 10 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.