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

Link relataives can be obtained dividing Pn by

• Po A
• P n-1 B
• qo C
• qn-1 D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of thes D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

The index number are generally classified into ___________ types.

• Two  A
• Four B
• Five C
• Three D

The volume or quantity of goods are compared by_______

• Price index number  A
• Volume index number B
• Quantity C
• None of these D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

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

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

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

In chain base method the base period is.

• Fixed A
• Changed B
• Constant C
• None of these D

CPI falls in the category of.

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

Which of the following indices has an upward bias.

• Laspeyres' index A
• Paache's index B
• Fisher's index C
• None of these D

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Importance of commodity is its

• Quantity A
• Quality B
• Weight C
• Price D

For computing chain index , we compute

• Price relative A
• Link relative B
• Weighted indices C
• None of these D