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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
While dealing with price we use ----------------- as weights
Question # 2
Commodities subject to considerable price variation should be best measured by
Question # 3
If we went to compare the prices of wheat then we have to compute.
Question # 4
Index for base period is always take as.
Question # 5
The volume or quantity of goods are compared by
Question # 6
To measrue how much the cost of some variable changes over time you would use.
Question # 7
The weights used in a price index are.
Question # 8
Index number of the year text to the base year can be shown as
Question # 9
The base period in fixed base should be
Question # 10
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 11
The weights used in a quantity index are
Question # 12
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 13
Price of commodity in current year can be represented as
Question # 14
CPI falls in the category of.
Question # 15
The consumer price index number is also called.
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
The changes in whole sale or retail price are studies in
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 | 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
|
| 2 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 3 | 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
|
| 4 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 6 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 7 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 8 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 9 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 10 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.