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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 is the most suitabel average in chain base method.
Question # 2
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 3
Consumer price indexis obtained by.
Question # 4
Both quantities and prices are used in
Question # 5
Which index numbers are used to measure the buying power of the money
Question # 6
The index number are generally classified into ___________ types.
Question # 7
Which is the most useful average in chain base method
Question # 8
Composite inde numebr involves commodities.
Question # 9
the base period can be described as a normal period if
Question # 10
Index number are called:
Question # 11
The most suitable average for computing of index number is:
Question # 12
Geometric mean of the relative is.
Question # 13
Paasche's index number is:
Question # 14
Index number of the year text to the base year can be shown as
Question # 15
The base period in fixed bases should be________
Question # 16
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 17
CPI falls in the category of.
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 | 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 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 3 | Which of the followingindices satisfies both the time reversal and factor reversal tests. |
A. Fisher's method
B. Paasche's method
C. Laspeyres method
D. None of these
|
| 4 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 5 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 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 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 8 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 9 | 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
|
| 10 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
Test Questions