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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
Laspeyres index number is also called as:
Question # 2
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 3
In a fixed base method which period is taken always 100
Question # 4
The weights used in a price index are.
Question # 5
While dealing with price we use ----------------- as weights
Question # 6
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 7
In fixed base method, the base period should be.
Question # 8
Which method of construction of consumer price index number is the laspeye's index number.
Question # 9
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 10
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.
Question # 11
If all values considered in calculating an index are of equal importance, the index is
Question # 12
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 13
Both quantities and prices are used in
Question # 14
Geometric mean of the relative is.
Question # 15
Both quantities and prices are used in:
Question # 16
An index that measures the change for a fixed time period is called.
Question # 17
Commodities subject to considerable price variation should be best measured by
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 base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 2 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 3 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 4 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 5 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 6 | 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
|
| 7 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 8 | 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
|
| 9 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 10 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.