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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
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
Geometric mean of the relative is.
Question # 3
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 4
Commodities subject to considerable price variation should best be measured by
Question # 5
While dealing with price we use ----------------- as weights
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
CPI falls in the category of.
Question # 8
Which of the following indices has an upward bias.
Question # 9
Link relataives can be obtained dividing Pn by
Question # 10
The index number are generally classified into ___________ types.
Question # 11
Theoretically best average used in the construction of composite index in
Question # 12
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 13
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 14
To measrue how much the cost of some variable changes over time you would use.
Question # 15
How many basic types of index numbers.
Question # 16
An index that measures the change for a fixed time period is called.
Question # 17
An index having a wide scope is called:
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 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
|
| 2 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 3 | Link relataives can be obtained dividing Pn by |
A. Po
B. P n-1
C. qo
D. qn-1
|
| 4 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
| 5 | 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
|
| 6 | 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
|
| 7 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 8 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 9 | 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
|
| 10 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.