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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
Value of commodity can be calculate by the formula
Question # 2
In a fixed base method which period is taken always 100
Question # 3
The most suitable average for computing of index number is:
Question # 4
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 5
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 6
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 7
Which index number has a wide soope
Question # 8
If all values considered in calculating an index are of equal importance, the index is
Question # 9
How many basic types of index numbers.
Question # 10
Importance of commodity is its
Question # 11
CPI falls in the category of.
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Composite inde numebr involves commodities.
Question # 14
Commodities subject to considerable price variation should best be measured by
Question # 15
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 16
Which index numbers are used to measure the buying power of the money
Question # 17
The index numbers are generally classified into ------------- types
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 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 3 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 4 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 5 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 6 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 7 | The weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 8 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
|
| 9 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 10 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.