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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
Composite inde numebr involves commodities.
Question # 2
The weights used in a quantity index are
Question # 3
Geometric mean of the relative is.
Question # 4
The index numbers are generally classified into ------------- types
Question # 5
The base period in fixed bases should be________
Question # 6
The consumer price index number is also called.
Question # 7
Commodities subject to considerable price variation should best be measured by
Question # 8
Index for base period is always take as.
Question # 9
The index number given by formula Σpnqn/Σpnqn x100 is:
Question # 10
The most suitable average for computing of index number is:
Question # 11
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 12
Index number of the year text to the base year can be shown as
Question # 13
Value of commodity can be calculate by the formula
Question # 14
When all the commodities are not of equal importance, the index numbers are called.
Question # 15
Which index number has a wide soope
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
In a fixed base method which period is taken always 100
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 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
|
| 2 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 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 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 5 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 6 | 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
|
| 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 | 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
|
| 9 | The changes in whole sale or retail price are studies in |
A. Price index numbers
B. Volume index numbers
C. Aggregate index numbers
D. Chain index numbers
|
| 10 | 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
|
Test Questions
Share your comments & questions here
Merry
28 Mar 2016This is very inf0rmative site.