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

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ICS Part 1 Statistics Chapter Wise Test

MCQ's Test For Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test"

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  • Total Questions17

  • Time Allowed20

Statistics Ics Part 1 Chapter 5 Online Test

00:00
Question # 1

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

Question # 2

Which of the following methods uses quantities consumed in the current period when computing a weighted index.

Question # 3

The change is whole sale or retail are studied  ___________

Question # 4

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 # 5

The index numbers are generally classified into ------------- types

Question # 6

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

Question # 7

The base period  in fixed bases should be________

Question # 8

An index that measures the change for a fixed time period is called.

Question # 9

The most suitable average for computing of index number is:

Question # 10

Commodities subject to considerable price variation should be best measured by

Question # 11

Both quantities and prices are used in:

Question # 12

Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.

Question # 13

When all the commodities are not of equal importance, the index numbers are called.

Question # 14

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

Question # 15

Price relatives is a ratio of current year price and.

Question # 16

The consumer price index number is also called.

Question # 17

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

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5th Chapter

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 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
2 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
3 The index number given by formula Σpnqn/Σpnqn x100 is:
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
4 If all values considered in calculating an index are of equal importance, the index is
A. Weighted
B. Simple
C. Un weighted
D. None of these
5 The weights used in a quantity index are
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
6 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
7 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
8 Importance of commodity is its
A. Quantity
B. Quality
C. Weight
D. Price
9 Price relatives is a ratio of current year price and.
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
10 The index numbers are generally classified into ------------- types
A. two
B. Four
C. five
D. Three

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  • Merry

    Merry

    28 Mar 2016

    This is very inf0rmative site.

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