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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 followingindices satisfies both the time reversal and factor reversal tests.
Question # 2
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 3
In a fixed base method which period is taken always 100
Question # 4
The weights used in a quantity index are
Question # 5
Laspeyres index number is also called as:
Question # 6
Circular test is satisfied by
Question # 7
Which of the following price indices are prepared by Federal Bureau of Statistics.
Question # 8
In the price relative, the given year price is divided by the _________.
Question # 9
Which ofthe following methods uses quantities consumed in the current period when computing a weighted index.
Question # 10
Geometric mean is a suitable average in ______ method.
Question # 11
Price of commodity in current year can be represented as
Question # 12
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 13
An index that measures the change for a fixed time period is called.
Question # 14
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 # 15
Both quantities and prices are used in
Question # 16
Which is the most suitabel average in chain base method.
Question # 17
The index number given by formula Σpnqn/Σpnqn x100 is:
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 base period in fixed bases should be________ |
A. A normal year
B. Abnormal year
C. Special
D. General
|
| 2 | Which of the following methods uses quantities consumed in the base period when computing a weighted index. |
A. Laspeyree'method
B. Paasche's method
C. Fisher's method
D. None of these
|
| 3 | While dealing with price we use ----------------- as weights |
A. Quantity
B. Quality
C. Volume
D. Both (b) and (c)
|
| 4 | The index numbers are generally classified into ------------- types |
A. two
B. Four
C. five
D. Three
|
| 5 | To measrue how much the cost of some variable changes over time you would use. |
A. A volue inxex
B. An inflation index
C. A quantity index
D. None of these
|
| 6 | An index that measures the change for a fixed time period is called. |
A. Chain base method
B. Fixed base method
C. Simple aggregative method
D. Cost of living method
|
| 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 |
|
A. The Laspeyres index
B. The Paasches index
C. The value index
D. None of these
|
| 9 | Commodities subject to considerable price variation should best be measured by |
A. Quantity index
B. Price index
C. Value index
D. None of thes
|
| 10 | Geometric mean of the relative is. |
A. Reversible
B. None - Reversible
C. Both A and B
D. None of these
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.