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

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

Base yar weighted index number are.

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

Which method of construction of consumer price index number is the laspeye's index number.

• Aggregate expenditure method A
• Family budget method B
• Both a and b C
• None of these D

Value of commodity can be calculate by the formula

• P_o x P_n A
• Price x volume B
• 
  
  
  C
• Price x quantity D

In fixed base method, the base period should be.

• Far away A
• Normal B
• Un reliable C
• Abnormal D

If we went to compare the prices of wheat then we have to compute.

• Price index number A
• Quantity index number B
• Volume index number C
• Both B and C D

The base period in fixed base should be

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

If all the values considered in calculating an inxed are of equal importance, teh index is.

• Weighted A
• Simple B
• Un weighted C
• None of these D

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

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

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

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

The price used in the construction of consumer price index numbers are.

• The retail prices A
• The fixed price B
• Thw wholsale prices C
• None of these D

Price of commodity in current year can be represented as

• P_oi A
• P_on B
• P_n C
• P_i D

If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:

• 100 A
• 104.1 B
• 106.2 C
• 110.2 D

CPI falls in the category of.

• A simple index A
• An aggregative B
• An inflationary index C
• Wholesale price index D