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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
The index number are generally classified into ___________ types.
Question # 2
How many basic types of index numbers.
Question # 3
Composite inde numebr involves commodities.
Question # 4
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 5
Base yar weighted index number are.
Question # 6
Geometric mean is a suitable average in ______ method.
Question # 7
Price relatives is a ratio of current year price and.
Question # 8
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 9
Commodities subject to considerable price variation should best be measured by
Question # 10
Paasche's index is also called
Question # 11
Value of commodity can be calculate by the formula
Question # 12
The weights used in a quantity index are
Question # 13
Price of commodity in current year can be represented as
Question # 14
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 15
While dealing with price we use ----------------- as weights
Question # 16
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 17
The base period in fixed bases should be________
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 | If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993. |
A. 90.0
B. 13.75
C. 880
D. 110
|
| 2 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 3 | 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
|
| 4 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 5 | 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
|
| 6 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 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 | Which of the following indices satisfies both the time reversal and factor reveral tests. |
A. Laspeyres' index
B. Fisher's index
C. Paasche's index
D. Marshall -edge worth
|
| 9 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.