First Year ICS Statistics Chapter 5 Online MCQ Test (Index Numbers)

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

Index number of the year text to the base year can be shown as

• Q_n A
• Q_on B
• Q₀₁ C
• Q_oi D

In the price relative, the given year price is divided by the _________.

• Base year price A
• Current year price B
• Previous year price C
• None of these D

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

• 100 A
• 200 B
• Zero C
• 1000 D

Base yar weighted index number are.

• Laspeyre's A
• Paasche's B
• Fisher's C
• C.P.I D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

Which of the following indices has an upward bias.

• Laspeyres' index A
• Paache's index B
• Fisher's index C
• None of these D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

If all the value of have equal importance,then we have to assigned certain values is such index number are called.

• Weighted index number A
• Un-weighted index B
• Both A and B C
• Average D

When all the commodities are not of equal importance, the index numbers are called.

• Simple A
• Weighted B
• Value C
• Un weighted D

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

Importance of commodity is its

• Quantity A
• Quality B
• Weight C
• Price D

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D