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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
In the price relative, the given year price is divided by the _________.
Question # 2
Paasche's index number is:
Question # 3
The price used in the construction of consumer price index numbers are.
Question # 4
The index number are generally classified into ___________ types.
Question # 5
Commodities subject to considerable price variation should be best measured by
Question # 6
Index number are called:
Question # 7
Circular test is satisfied by
Question # 8
The base period in fixed base should be
Question # 9
Which is the most suitabel average in chain base method.
Question # 10
Which method of construction of consumer price index number is the laspeye's index number.
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Importance of commodity is its
Question # 13
If all values considered in calculating an index are of equal importance, the index is
Question # 14
Paasche's index is also called
Question # 15
In fixed base method, the base period should be.
Question # 16
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 17
An index having a wide scope is called:
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 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 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 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 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 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 6 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
| 7 | 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
|
| 8 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 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
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| 10 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.