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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
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 3
The volume or quantity of goods are compared by
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Circular test is satisfied by
Question # 6
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 7
In the price relative, the given year price is divided by the _________.
Question # 8
Commodities subject to considerable price variation should be best measured by
Question # 9
The base period in fixed base should be
Question # 10
Geometric mean of the relative is.
Question # 11
Link relataives can be obtained dividing Pn by
Question # 12
In a fixed base method which period is taken always 100
Question # 13
While dealing with price we use ----------------- as weights
Question # 14
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 15
Geometric mean is a suitable average in ______ method.
Question # 16
the base period can be described as a normal period if
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
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 | In fixed base method, the base period should be. |
A. Far away
B. Normal
C. Un reliable
D. Abnormal
|
| 2 | Consumer price indexis obtained by. |
A. Paache's formula
B. Marshall Edgeworth formula
C. Fisher's ideal formula
D. Family Budget Method formula
|
| 3 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 4 | Paasche's index number is: |
A. Simple index number
B. Weighted index number
C. Un-weighted index number
D. Composite index number
|
| 5 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
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| 6 | 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
|
| 7 | If all the values considered in calculating an inxed are of equal importance, teh index is. |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 8 | If an index numebr calculation over 8 years with a base value of 100 gave an index for 1992 of 110, what would be the percentage relative for 1993. |
A. 90.0
B. 13.75
C. 880
D. 110
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| 9 | An index having a wide scope is called: |
A. Price index number
B. General purpose index number
C. Special purpose index number
D. None of these
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| 10 | Paasche's index is also called |
A. Consumer price index
B. Current year price
C. Simple index
D. Cost of consumption
|
Test Questions