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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 volume or quantity of goods are compared by_______
Question # 2
The weights used in a price index are.
Question # 3
The volume or quantity of goods are compared by
Question # 4
In a fixed base method which period is taken always 100
Question # 5
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
Price relatives is a ratio of current year price and.
Question # 8
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 9
Laspeyres index number is also called as:
Question # 10
Commodities subject to considerable price variation should best be measured by
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Price of commodity in current year can be represented as
Question # 13
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 14
The weights used in a quantity index are
Question # 15
In the price relative, the given year price is divided by the _________.
Question # 16
Consumer price indexis obtained by.
Question # 17
Which is the most suitabel average in chain base method.
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 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
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| 2 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 3 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 4 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 5 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
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| 6 | 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
|
| 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 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
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| 9 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
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| 10 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.