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

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

ICS Part 1 Statistics Chapter 5 Test

Start Chapter 5 Test

ICS Part 1 Statistics Chapter Wise Test

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"

  • Total Questions17

  • Time Allowed20

Start Test Download PDF

Statistics Ics Part 1 Chapter 5 Online Test

00:00
Question # 1

The weights used in a price index are.

Question # 2

Composite inde numebr involves commodities.

Question # 3

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.

Question # 4

Index for base period is always take as.

Question # 5

Commodities subject to considerable price variation should best be measured by

Question # 6

Price relatives is a ratio of current year price and.

Question # 7

Index number of the year text to the base year can be shown as

Question # 8

Which of the following price indices are prepared by Federal Bureau of Statistics.

Question # 9

Commodities subject to considerable price variation should be best measured by

Question # 10

The index number given by formula Σpnqn/Σpnqn x100 is:

Question # 11

The index number are generally classified into ___________ types.

Question # 12

How many basic types of index numbers.

Question # 13

If all values considered in calculating an index are of equal importance, the index is

Question # 14

Link relataives can be obtained dividing Pn by

Question # 15

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

Question # 16

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

Question # 17

Circular test is satisfied by

Submit

Prepare Complete Set Wise Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Statistics
5th Chapter

ICS Part 1 Statistics Chapter 5 MCQs Test

Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test

  • A
    Areeha Waheed 13 - Jul - 2024 00 Min 49 Sec 17/17
  • U
    Ubaid Raza 10 - Sep - 2024 01 Min 33 Sec 17/17
  • M
    Maryam Ijaz 20 - Oct - 2024 00 Min 01 Sec 16/17
  • M
    Muhammad boota 11 - Jan - 2024 04 Min 27 Sec 15/17
  • G
    Ghazala Yasmeen 13 - Nov - 2024 03 Min 55 Sec 14/17
  • R
    Raheema Fayyaz 15 - Jan - 2024 06 Min 09 Sec 14/17
  • A
    Ammara 13 - May - 2024 02 Min 13 Sec 13/17
  • M
    muhammad Saad 21 - Apr - 2024 03 Min 04 Sec 13/17
  • M
    Muhammad Ali 02 - Jun - 2024 03 Min 36 Sec 13/17
  • U
    Umm-e-hani Hani 29 - Feb - 2024 05 Min 01 Sec 13/17
  • B
    Babogujjar 08 - Dec - 2024 05 Min 30 Sec 13/17
  • K
    Kashif Zaidi 09 - Sep - 2024 06 Min 21 Sec 13/17
  • U
    Umair 17 - Apr - 2024 07 Min 13 Sec 13/17
  • H
    HAROON ZUBAIR 23 - Oct - 2023 04 Min 31 Sec 12/17
  • E
    Esha Hanif 24 - Jun - 2024 04 Min 38 Sec 12/17

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 To measrue how much the cost of some variable changes over time you would use.
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
3 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
4 Both quantities and prices are used in:
A. Link relatives
B. Chain relatives
C. Average of relatives 
D. Aggregative index number
5 The volume or quantity of goods are compared by
A. Price index numbers
B. Relative index numbers
C. Volume index numbers
D. Paasche's index
6 Paasche's index is also called
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
7 Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
8 The weights used in a price index are.
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
9 Which of the following price indices are prepared by Federal Bureau of Statistics.
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
10 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

Test Questions

Is this page helpful?