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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
Importance of commodity is its
Question # 2
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 3
Base yar weighted index number are.
Question # 4
The most suitable average for computing of index number is:
Question # 5
Index for base period is always take as.
Question # 6
Paasche's index number is:
Question # 7
Which index numbers are used to measure the buying power of the money
Question # 8
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 9
Circular test is satisfied by
Question # 10
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 11
Which method of construction of consumer price index number is the laspeye's index number.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
The price used in the construction of consumer price index numbers are.
Question # 14
How many basic types of index numbers.
Question # 15
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 16
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 17
For computing chain index , we compute
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 | 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
|
| 2 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 3 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 4 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 5 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 6 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 7 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
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| 9 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 10 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
Test Questions