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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
Both quantities and prices are used in
Question # 3
For computing chain index , we compute
Question # 4
Which index number has a wide soope
Question # 5
Which is the most useful average in chain base method
Question # 6
Which of the following indices has an upward bias.
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Theoretically best average used in the construction of composite index in
Question # 9
The most suitable average for computing of index number is:
Question # 10
Which method of construction of consumer price index number is the laspeye's index number.
Question # 11
The weights used in a price index are.
Question # 12
How many basic types of index numbers.
Question # 13
Laspeyres index number is also called as:
Question # 14
The base period in fixed base should be
Question # 15
In fixed base method, the base period should be.
Question # 16
An index that measures the change for a fixed time period is called.
Question # 17
Commodities subject to considerable price variation should best be measured by
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 2 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 3 | 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
|
| 4 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 5 | 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
|
| 6 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
| 7 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 8 | 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
|
| 9 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 10 | Index number are called: |
A. Mathematical barometer
B. Economic barometer
C. Statistical barometer
D. Both A and C
|
Test Questions