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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
Which of the following methods uses quantities consumed in the base period when computing a weighted index.
Question # 2
In a fixed base method which period is taken always 100
Question # 3
Which of the following indices has an upward bias.
Question # 4
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 5
The weights used in a quantity index are
Question # 6
the base period can be described as a normal period if
Question # 7
The volume or quantity of goods are compared by
Question # 8
Which of the following methods uses quantities consumed in the current period when computing a weighted index.
Question # 9
Both quantities and prices are used in:
Question # 10
Commodities subject to considerable price variation should be best measured by
Question # 11
Which is the most suitabel average in chain base method.
Question # 12
The index number are generally classified into ___________ types.
Question # 13
Geometric mean is a suitable average in ______ method.
Question # 14
Value of commodity can be calculate by the formula
Question # 15
Index for base period is always take as.
Question # 16
The base period in fixed bases should be________
Question # 17
Which is the most useful 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 Class Statistics Chapter 5 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Both quantities and prices are used in |
A. Link relatives
B. Chain relatives
C. Average of relatives
D. Aggregative index numbers
|
| 2 | Value of commodity can be calculate by the formula |
A. Po x Pn
B. Price x volume
C.
D. Price x quantity
|
| 3 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 4 | Which of the following price indices are prepared by Federal Bureau of Statistics. |
A. Wholesale price index
B. Consumer price index
C. Sensitive price indicator
D. All of these
|
| 5 | If we went to compare the prices of wheat then we have to compute. |
A. Price index number
B. Quantity index number
C. Volume index number
D. Both B and C
|
| 6 | 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
|
| 7 | 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
|
| 8 | 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
|
| 9 | Commodities subject to considerable price variation should be best measured by |
A. Quantity index
B. Price index
C. Value index
D. None of these
|
| 10 | For computing chain index , we compute |
A. Price relative
B. Link relative
C. Weighted indices
D. None of these
|
Test Questions
