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

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

• Weighted A
• Simple B
• Un weighted C
• None of these D

Composite inde numebr involves commodities.

• One A
• Two B
• Three C
• More than one D

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

• Wholesale price index A
• Consumer price index B
• Sensitive price indicator C
• All of these D

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

• Simple A
• Weighted B
• Value C
• Un weighted D

Price relatives is a ratio of current year price and.

• Base year quantity A
• Previous year quantity B
• Base year price C
• Current year quantity D

How many basic types of index numbers.

• 2 A
• 3 B
• 4 C
• 5 D

The change is whole sale or retail are studied  ___________

• Price index number A
• Quantity index number B
• Volume index number C
• None of these D

Price of commodity in current year can be represented as

• P_oi A
• P_on B
• P_n C
• P_i D

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

• 100 A
• 200 B
• Zero C
• 1000 D

The base period in fixed base should be

• Current year A
• Normal year B
• Highest year C
• Lowest year D

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

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Circular test is satisfied by

• Laspeyres index A
• Paasche's index B
• Fisher's method C
• None of these D

To measrue how much the cost of some variable changes over time you would use.

• A volue inxex A
• An inflation index B
• A quantity index C
• None of these D

Paasche's index number is:

• Simple index number A
• Weighted index number B
• Un-weighted index number C
• Composite index number D

• The Laspeyres index A
• The Paasches index B
• The value index C
• None of these D

In a fixed base method which period is taken always 100

• Preceding A
• Following B
• Base C
• Current D

Paasche's index is also called

• Consumer price index A
• Current year price B
• Simple index C
• Cost of consumption D