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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 change is whole sale or retail are studied ___________
Question # 2
CPI falls in the category of.
Question # 3
Theoretically best average used in the construction of composite index in
Question # 4
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 5
In the price relative, the given year price is divided by the _________.
Question # 6
In fixed base method, the base period should be.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
Geometric mean is a suitable average in ______ method.
Question # 9
Price of commodity in current year can be represented as
Question # 10
An index having a wide scope is called:
Question # 11
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.
Question # 12
While dealing with price we use ----------------- as weights
Question # 13
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
The weights used in a price index are.
Question # 16
Paasche's index number is:
Question # 17
Both quantities and prices are used in:
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 | 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 | 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
|
| 3 | 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
|
| 4 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 5 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 6 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 7 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 8 | 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
|
| 9 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 10 | Price of commodity in current year can be represented as |
A. Poi
B. Pon
C. Pn
D. Pi
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.