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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 of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
If we went to compare the prices of wheat then we have to compute.
Question # 3
Which index numbers are used to measure the buying power of the money
Question # 4
Link relataives can be obtained dividing Pn by
Question # 5
While dealing with price we use ----------------- as weights
Question # 6
Which of the following indices has an upward bias.
Question # 7
An index that measures the change for a fixed time period is called.
Question # 8
In fixed base method, the base period should be.
Question # 9
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 10
The volume or quantity of goods are compared by_______
Question # 11
Circular test is satisfied by
Question # 12
Which is the most useful average in chain base method
Question # 13
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
The index number are generally classified into ___________ types.
Question # 15
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 16
An index having a wide scope is called:
Question # 17
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
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 numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 2 | 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
|
| 3 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 4 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 5 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 6 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 7 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 8 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 9 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 10 | 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
|
Test Questions