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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 Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 2
The price used in the construction of consumer price index numbers are.
Question # 3
An index that measures the change for a fixed time period is called.
Question # 4
In fixed base method, the base period should be.
Question # 5
Which index number has a wide soope
Question # 6
The changes in whole sale or retail price are studies in
Question # 7
Paasche's index is also called
Question # 8
If all the value of have equal importance,then we have to assigned certain values is such index number are called.
Question # 9
Value of commodity can be calculate by the formula
Question # 10
The index numbers are generally classified into ------------- types
Question # 11
To measrue how much the cost of some variable changes over time you would use.
Question # 12
If we went to compare the prices of wheat then we have to compute.
Question # 13
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 14
Composite inde numebr involves commodities.
Question # 15
Index number of the year text to the base year can be shown as
Question # 16
Both quantities and prices are used in
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 | 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
|
| 2 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 3 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 4 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 5 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 6 | If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is. |
A. 100
B. 200
C. Zero
D. 1000
|
| 7 | 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 8 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 9 | 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
|
| 10 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
Test Questions