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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 indices satisfies both the time reversal and factor reveral tests.
Question # 2
The index numbers are generally classified into ------------- types
Question # 3
Which of the following indices has an upward bias.
Question # 4
The index number are generally classified into ___________ types.
Question # 5
Index number are called:
Question # 6
Both quantities and prices are used in
Question # 7
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
Composite inde numebr involves commodities.
Question # 10
Which index numbers are used to measure the buying power of the money
Question # 11
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 12
Laspeyres index number is also called as:
Question # 13
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 14
Paasche's index is also called
Question # 15
In fixed base method, the base period should be.
Question # 16
An index having a wide scope is called:
Question # 17
An index that measures the change for a fixed time period is called.
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 | The change is whole sale or retail are studied ___________ |
A. Price index number
B. Quantity index number
C. Volume index number
D. None of these
|
| 2 | 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
|
| 3 | In a fixed base method which period is taken always 100 |
A. Preceding
B. Following
C. Base
D. Current
|
| 4 | Which is the most useful average in chain base method |
A. Arithmetic mean
B. Median
C. Geometric mean
D. Weighted arithmetic mean
|
| 5 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 6 | The price used in the construction of consumer price index numbers are. |
A. The retail prices
B. The fixed price
C. Thw wholsale prices
D. None of these
|
| 7 | The base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 8 | The weights used in a quantity index are |
A. Percentage of total quantity
B. Prices
C. Average of quantities
D. None of these
|
| 9 | The index number are generally classified into ___________ types. |
A. Two
B. Four
C. Five
D. Three
|
| 10 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.