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5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

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

ICS Part 1 Statistics Chapter 5 Test

Start Chapter 5 Test

ICS Part 1 Statistics Chapter Wise Test

First Year Statistics Chapter 5 Online MCQ Test for 1st Year Statistics Chapter 5 (Index Numbers)

Sr. # Questions Answers Choice
1 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
2 Commodities subject to considerable price variation should be best measured by
  • A. Quantity index
  • B. Price index
  • C. Value index
  • D. None of these
3 the base period can be described as a normal period if
  • A. it is neither the peak nor the trough of a fluctuation
  • B. It is the most recent period for which we have data
  • C. It is the average of several consecutive pariods
  • D. None of these
4 The index numbers are generally classified into ------------- types
  • A. two
  • B. Four
  • C. five
  • D. Three
5 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
6 The consumer price index number is also called.
  • A. The cost of living index number
  • B. The retail price index number
  • C. The wholsale price index number
  • D. Both a and b
7 Theoretically best average used in the construction of composite index in
  • A. The arithmetic mean
  • B. The geometric mean
  • C. The median
  • D. The harmonic mean
8 Paasche's index number is:
  • A. Simple index number
  • B. Weighted index number
  • C. Un-weighted index number
  • D. Composite index number
9 The base period in fixed base should be
  • A. Current year
  • B. Normal year
  • C. Highest year
  • D. Lowest year
10 Which of the following methods uses quantities consumed in the base period when computing a weighted index.
  • A. Laspeyree'method
  • B. Paasche's method
  • C. Fisher's method
  • D. None of these

Top Scorers of Statistics Ics Part 1 Chapter 5 Online Test

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Raheema Fayyaz

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Umm-E-Hani Hani

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Umm-E-Hani Hani

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Umm-E-Hani Hani

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Raheema Fayyaz

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Umm-E-Hani Hani

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Umm-E-Hani Hani

Lahore29 - Feb - 2024

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Umar Bhai

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Umm-E-Hani Hani

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Lahore02 - Mar - 2024

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    Merry

    28 Mar 2016

    This is very inf0rmative site.

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