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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
When all the commodities are not of equal importance, the index numbers are called.
Question # 2
The most suitable average for computing of index number is:
Question # 3
The index numbers are generally classified into ------------- types
Question # 4
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 # 5
The consumer price index number is also called.
Question # 6
Which index numbers are used to measure the buying power of the money
Question # 7
Which index number has a wide soope
Question # 8
Laspeyres index number is also called as:
Question # 9
For computing chain index , we compute
Question # 10
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 11
Geometric mean is a suitable average in ______ method.
Question # 12
An index having a wide scope is called:
Question # 13
Composite inde numebr involves commodities.
Question # 14
The changes in whole sale or retail price are studies in
Question # 15
Index number of the year text to the base year can be shown as
Question # 16
Value of commodity can be calculate by the formula
Question # 17
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
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 weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 2 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 3 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 4 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 5 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 6 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 7 | 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
|
| 8 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 9 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 10 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
Test Questions