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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
Base yar weighted index number are.
Question # 2
Importance of commodity is its
Question # 3
In the price relative, the given year price is divided by the _________.
Question # 4
Which of the following indices has an upward bias.
Question # 5
The base period in fixed bases should be________
Question # 6
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 7
Circular test is satisfied by
Question # 8
The consumer price index number is also called.
Question # 9
Paasche's index is also called
Question # 10
Price relatives is a ratio of current year price and.
Question # 11
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 12
How many basic types of index numbers.
Question # 13
the base period can be described as a normal period if
Question # 14
The price used in the construction of consumer price index numbers are.
Question # 15
Both quantities and prices are used in
Question # 16
When all the commodities are not of equal importance, the index numbers are called.
Question # 17
In a fixed base method which period is taken always 100
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 following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 2 | 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
|
| 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 | 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
|
| 5 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 6 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 7 | Index number of the year text to the base year can be shown as |
A. Qn
B. Qon
C. Q01
D. Qoi
|
| 8 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 9 | 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
|
| 10 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.