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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
Which is the most suitabel average in chain base method.
Question # 2
The weights used in a price index are.
Question # 3
When all the commodities are not of equal importance, the index numbers are called.
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
The index number are generally classified into ___________ types.
Question # 6
Which is the most useful average in chain base method
Question # 7
In chain base method the base period is.
Question # 8
Geometric mean of the relative is.
Question # 9
The volume or quantity of goods are compared by
Question # 10
To measrue how much the cost of some variable changes over time you would use.
Question # 11
Price of commodity in current year can be represented as
Question # 12
If we went to compare the prices of wheat then we have to compute.
Question # 13
Circular test is satisfied by
Question # 14
Index number are called:
Question # 15
The consumer price index number is also called.
Question # 16
Commodities subject to considerable price variation should be best measured by
Question # 17
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.
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 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 2 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 3 | 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
|
| 4 | 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
|
| 5 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 6 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 7 | How many basic types of index numbers. |
A. 2
B. 3
C. 4
D. 5
|
| 8 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
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| 9 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 10 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.