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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
Theoretically best average used in the construction of composite index in
Question # 2
The most suitable average for computing of index number is:
Question # 3
Link relataives can be obtained dividing Pn by
Question # 4
Paasche's index number is:
Question # 5
Consumer price indexis obtained by.
Question # 6
Geometric mean is a suitable average in ______ method.
Question # 7
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
Which index number has a wide soope
Question # 10
The change is whole sale or retail are studied ___________
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
The base period in fixed base should be
Question # 13
If we went to compare the prices of wheat then we have to compute.
Question # 14
Circular test is satisfied by
Question # 15
Which index numbers are used to measure the buying power of the money
Question # 16
The weights used in a quantity index are
Question # 17
In chain base method the base period is.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 2 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 3 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 4 | 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
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| 5 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 6 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 7 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 8 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 9 | 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
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| 10 | 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
|
Test Questions