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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 following indices satisfies both the time reversal and factor reveral tests.
Question # 2
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
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
In a fixed base method which period is taken always 100
Question # 5
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 # 6
The most suitable average for computing of index number is:
Question # 7
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 8
Paasche's index number is:
Question # 9
In chain base method the base period is.
Question # 10
the base period can be described as a normal period if
Question # 11
For computing chain index , we compute
Question # 12
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 13
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 14
The volume or quantity of goods are compared by
Question # 15
The weights used in a price index are.
Question # 16
Price of commodity in current year can be represented as
Question # 17
Which of the following indices has an upward bias.
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 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
|
| 2 | 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
|
| 3 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 4 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 5 | The consumer price index number is also called. |
A. The cost of living index number
B. The retail price index number
C. The wholsale price index number
D. Both a and b
|
| 6 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 7 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 8 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 9 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 10 | the base period can be described as a normal period if |
A. it is neither the peak nor the trough of a fluctuation
B. It is the most recent period for which we have data
C. It is the average of several consecutive pariods
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.