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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
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
An index that measures the change for a fixed time period is called.
Question # 4
Which of the following indices has an upward bias.
Question # 5
Laspeyres index number is also called as:
Question # 6
Which is the most useful average in chain base method
Question # 7
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 10
CPI falls in the category of.
Question # 11
Commodities subject to considerable price variation should best be measured by
Question # 12
The most suitable average for computing of index number is:
Question # 13
The index number are generally classified into ___________ types.
Question # 14
Which index number has a wide soope
Question # 15
The weights used in a price index are.
Question # 16
Composite inde numebr involves commodities.
Question # 17
How many basic types of index numbers.
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 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 2 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 3 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 4 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 5 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 6 | The volume or quantity of goods are compared by |
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
|
| 7 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 8 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
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| 9 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 10 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
Test Questions
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