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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
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 2
When the base year values are used as weights, the weighted average of relatives price index is the same as.
Question # 3
The price used in the construction of consumer price index numbers are.
Question # 4
The changes in whole sale or retail price are studies in
Question # 5
Circular test is satisfied by
Question # 6
Geometric mean of the relative is.
Question # 7
To measrue how much the cost of some variable changes over time you would use.
Question # 8
When all the commodities are not of equal importance, the index numbers are called.
Question # 9
Commodities subject to considerable price variation should be best measured by
Question # 10
The consumer price index number is also called.
Question # 11
Both quantities and prices are used in
Question # 12
How many basic types of index numbers.
Question # 13
An index that measures the change for a fixed time period is called.
Question # 14
CPI falls in the category of.
Question # 15
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 16
Link relataives can be obtained dividing Pn by
Question # 17
Which is the most suitabel average in chain base method.
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 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 2 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 3 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 4 | 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
|
| 5 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 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 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 8 | 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
|
| 9 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 10 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
Test Questions