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

Which is the most suitabel average in chain base method.

• Arithemetic mean A
• Median B
• Geometric mean C
• Weighted arithmetic mean D

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

While dealing with price we use ----------------- as weights

• Quantity A
• Quality B
• Volume C
• Both (b) and (c) D

For computing chain index , we compute

• Price relative A
• Link relative B
• Weighted indices C
• None of these D

The most suitable average for computing of index number is:

• A.M A
• G.M B
• Median C
• H.M D

When all the commodities are not of equal importance, the index numbers are called.

• Simple A
• Weighted B
• Value C
• Un weighted D

The changes in whole sale or retail price are studies in

• Price index numbers A
• Volume index numbers B
• Aggregate index numbers C
• Chain index numbers D

Which of the following indices satisfies both the time reversal and factor reveral tests.

• Laspeyres' index A
• Fisher's index B
• Paasche's index C
• Marshall -edge worth D

If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.

• 100 A
• 200 B
• Zero C
• 1000 D

Which of the followingindices satisfies both the time reversal and factor reversal tests.

• Fisher's method A
• Paasche's method B
• Laspeyres method C
• None of these D

Commodities subject to considerable price variation should best be measured by

• Quantity index A
• Price index B
• Value index C
• None of these D

Which index numbers are used to measure the buying power of the money

• Wholesale Price index number A
• Money index number B
• Simple index number C
• Price index number D

Which of the following methods uses quantities consumed in the current period when computing a weighted index.

• Laspeyres' method A
• Paache's method B
• Fisher's method C
• Marshall -Edge worth's method D

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.

• 90.0 A
• 13.75 B
• 880 C
• 110 D

Value of commodity can be calculate by the formula

• P_o x P_n A
• Price x volume B
• 
  
  
  C
• Price x quantity D

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.

• The values are multiplied together. A
• The largest values is found B
• The valeus are averaged C
• None of them D

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

• two A
• Four B
• five C
• Three D