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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
In fixed base method, the base period should be.
Question # 2
In chain base method the base period is.
Question # 3
Composite inde numebr involves commodities.
Question # 4
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 5
An index having a wide scope is called:
Question # 6
Which is the most suitabel average in chain base method.
Question # 7
Laspeyres index number is also called as:
Question # 8
The base period in fixed bases should be________
Question # 9
CPI falls in the category of.
Question # 10
Importance of commodity is its
Question # 11
Geometric mean is a suitable average in ______ method.
Question # 12
For computing chain index , we compute
Question # 13
The price used in the construction of consumer price index numbers are.
Question # 14
Both quantities and prices are used in
Question # 15
An index that measures the change for a fixed time period is called.
Question # 16
Index number of the year text to the base year can be shown as
Question # 17
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
ICS Part 1 Statistics Chapter 5 MCQs Test
Top Scorers Of Chapter 5 "Statistics Ics Part 1 Chapter 5 Online Test" MCQ`s Test
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ICS Part 1 Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 2 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 3 | 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
|
| 4 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 5 | Which ofthe following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres method
B. Marshall -Edge worth's methods
C. Peasche's method
D. Fisher's method
|
| 6 | Which index numbers are used to measure the buying power of the money |
A. Wholesale Price index number
B. Money index number
C. Simple index number
D. Price index number
|
| 7 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 8 | 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
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 10 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
Test Questions