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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
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 3
To measrue how much the cost of some variable changes over time you would use.
Question # 4
Which is the most suitabel average in chain base method.
Question # 5
Which index number has a wide soope
Question # 6
The volume or quantity of goods are compared by_______
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
In fixed base method, the base period should be.
Question # 9
CPI falls in the category of.
Question # 10
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 11
An index that measures the change for a fixed time period is called.
Question # 12
The base period in fixed base should be
Question # 13
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
the base period can be described as a normal period if
Question # 16
In the price relative, the given year price is divided by the _________.
Question # 17
Which is the most useful average in chain base method
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 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 2 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 3 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 4 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 6 | 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
|
| 7 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 8 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 9 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 10 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
Test Questions