First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

Which of the following methods uses quantities consumed in the base period when computing a weighted index.

• Laspeyree'method A
• Paasche's method B
• Fisher's method C
• None of these D

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Paasche's index is also called

• Consumer price index A
• Current year price B
• Simple index C
• Cost of consumption D

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Price of commodity in current year can be represented as

• P_oi A
• P_on B
• P_n C
• P_i D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

If all the values considered in calculating an inxed are of equal importance, teh index is.

• Weighted A
• Simple B
• Un weighted C
• None of these D

If all values considered in calculating an index are of equal importance, the index is

• Weighted A
• Simple B
• Un weighted C
• None of these D

An index that measures the change for a fixed time period is called.

• Chain base method A
• Fixed base method B
• Simple aggregative method C
• Cost of living method D

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D