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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
Consumer price indexis obtained by.
Question # 2
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 3
Commodities subject to considerable price variation should best be measured by
Question # 4
The index numbers are generally classified into ------------- types
Question # 5
Index for base period is always take as.
Question # 6
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 7
The index number are generally classified into ___________ types.
Question # 8
CPI falls in the category of.
Question # 9
Geometric mean is a suitable average in ______ method.
Question # 10
An index having a wide scope is called:
Question # 11
To measrue how much the cost of some variable changes over time you would use.
Question # 12
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 13
Circular test is satisfied by
Question # 14
Which index number has a wide soope
Question # 15
When all the commodities are not of equal importance, the index numbers are called.
Question # 16
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 17
Importance of commodity is its
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 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
| 2 | Which is the most suitabel average in chain base method. |
A. Arithemetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 3 | Both quantities and prices are used in: |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index number
|
| 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 | 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
|
| 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. |
A. The values are multiplied together.
B. The largest values is found
C. The valeus are averaged
D. None of them
|
| 7 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 8 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
| 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
|
| 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