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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
How many basic types of index numbers.
Question # 2
To measrue how much the cost of some variable changes over time you would use.
Question # 3
Circular test is satisfied by
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Commodities subject to considerable price variation should best be measured by
Question # 6
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.
Question # 7
Value of commodity can be calculate by the formula
Question # 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.
Question # 9
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 10
When all the commodities are not of equal importance, the index numbers are called.
Question # 11
Which is the most suitabel average in chain base method.
Question # 12
Which index number has a wide soope
Question # 13
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 14
In a fixed base method which period is taken always 100
Question # 15
Both quantities and prices are used in:
Question # 16
Importance of commodity is its
Question # 17
In fixed base method, the base period should be.
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 of the following methods uses quantities consumed in the current period when computing a weighted index. |
A. Laspeyres' method
B. Paache's method
C. Fisher's method
D. Marshall -Edge worth's method
|
| 2 | 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
|
| 3 | 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
|
| 4 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 5 | The volume or quantity of goods are compared by_______ |
A. Price index number
B. Volume index number
C. Quantity
D. None of these
|
| 6 | Base yar weighted index number are. |
A. Laspeyre's
B. Paasche's
C. Fisher's
D. C.P.I
|
| 7 | 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
|
| 8 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 9 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
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| 10 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.