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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
Paasche's index is also called
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 4
Commodities subject to considerable price variation should be best measured by
Question # 5
The base period in fixed base should be
Question # 6
When all the commodities are not of equal importance, the index numbers are called.
Question # 7
In the price relative, the given year price is divided by the _________.
Question # 8
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 9
How many basic types of index numbers.
Question # 10
Paasche's index number is:
Question # 11
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 12
In a fixed base method which period is taken always 100
Question # 13
Link relataives can be obtained dividing Pn by
Question # 14
Index for base period is always take as.
Question # 15
For computing chain index , we compute
Question # 16
The price used in the construction of consumer price index numbers are.
Question # 17
Index number are 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 | Circular test is satisfied by |
A. Laspeyres index
B. Paasche's index
C. Fisher's method
D. None of these
|
| 2 | 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
|
| 3 | In chain base method the base period is. |
A. Fixed
B. Changed
C. Constant
D. None of these
|
| 4 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 5 | Which method of construction of consumer price index number is the laspeye's index number. |
A. Aggregate expenditure method
B. Family budget method
C. Both a and b
D. None of these
|
| 6 | Which index number has a wide soope |
A. Special
B. General
C. Price
D. Quantity
|
| 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 | 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
|
| 9 | When all the commodities are not of equal importance, the index numbers are called. |
A. Simple
B. Weighted
C. Value
D. Un weighted
|
| 10 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
Test Questions