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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
The changes in whole sale or retail price are studies in
Question # 3
In the price relative, the given year price is divided by the _________.
Question # 4
When all the commodities are not of equal importance, the index numbers are called.
Question # 5
Theoretically best average used in the construction of composite index in
Question # 6
Paasche's index is also called
Question # 7
Composite inde numebr involves commodities.
Question # 8
Index for base period is always take as.
Question # 9
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 10
Index number of the year text to the base year can be shown as
Question # 11
The base period in fixed base should be
Question # 12
The base period in fixed bases should be________
Question # 13
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 14
In fixed base method, the base period should be.
Question # 15
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 16
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 17
For computing chain index , we compute
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 weights used in a price index are. |
A. Percentage of total price
B. Average of prices
C. Quantities
D. None of these
|
| 2 | 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
|
| 3 | Importance of commodity is its |
A. Quantity
B. Quality
C. Weight
D. Price
|
| 4 | Price relatives is a ratio of current year price and. |
A. Base year quantity
B. Previous year quantity
C. Base year price
D. Current year quantity
|
| 5 | 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
|
| 6 | 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
|
| 7 | When the base year values are used as weights, the weighted average of relatives price index is the same as. |
A. the paache's index
B. The laspeyres index
C. The unweighted average of relatives price index
D. None of these
|
| 8 | 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
|
| 9 | 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
|
| 10 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.