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

Geometric mean is a suitable average in ______ method.

• Price index A
• Chanin bases B
• Quantity index C
• Index mean D

The weights used in a price index are.

• Percentage of total price A
• Average of prices B
• Quantities 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

When the base year values are used as weights, the weighted average of relatives price index is the same as.

• the paache's index A
• The laspeyres index B
• The unweighted average of relatives price index C
• None of these D

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

The volume or quantity of goods are compared by

• Price index numbers A
• Relative index numbers B
• Volume index numbers C
• Paasche's index D

Both quantities and prices are used in:

• Link relatives A
• Chain relatives B
• Average of relatives  C
• Aggregative index number D

The index number given by formula Σp_nq_n/Σp_nq_n x100 is:

• Laspeyres index A
• The paasche's index B
• The value index C
• None of these D

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

Which method of construction of consumer price index number is the laspeye's index number.

• Aggregate expenditure method A
• Family budget method B
• Both a and b C
• None of these 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

The index numbers are generally classified into ------------- types

• two A
• Four B
• five C
• Three D

The base period  in fixed bases should be________

• A normal year A
• Abnormal year B
• Special C
• General D

Which index number has a wide soope

• Special A
• General B
• Price C
• Quantity D

Geometric mean of the relative is.

• Reversible A
• None - Reversible B
• Both A and B C
• None of these D

Laspeyres index number is also called as:

• Base year weight index number A
• Current year weight index number B
• Ideal index number C
• Fisher index number D

Paasche's index is also called

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