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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
The weights used in a quantity index are
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
CPI falls in the category of.
Question # 4
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 5
How many basic types of index numbers.
Question # 6
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 7
Index number are called:
Question # 8
Importance of commodity is its
Question # 9
Commodities subject to considerable price variation should be best measured by
Question # 10
Geometric mean of the relative is.
Question # 11
Consumer price indexis obtained by.
Question # 12
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 13
Commodities subject to considerable price variation should best be measured by
Question # 14
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 15
Which is the most useful average in chain base method
Question # 16
the base period can be described as a normal period if
Question # 17
In chain base method the base period is.
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 | 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
|
| 2 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 3 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 4 | If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to: |
A. 100
B. 104.1
C. 106.2
D. 110.2
|
| 5 | The index number given by formula Σpnqn/Σpnqn x100 is: |
A. Laspeyres index
B. The paasche's index
C. The value index
D. None of these
|
| 6 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 7 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 8 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | 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. |
A. 90.0
B. 13.75
C. 880
D. 110
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.