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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
The index number are generally classified into ___________ types.
Question # 2
If Laspeyre's index numebr is 200, Paasche's index numebr is 200 , then Fisher's index numebr is.
Question # 3
An index having a wide scope is called:
Question # 4
Which of the followingindices satisfies both the time reversal and factor reversal tests.
Question # 5
Consumer price indexis obtained by.
Question # 6
Which of the following indices satisfies both the time reversal and factor reveral tests.
Question # 7
Laspeyres index number is also called as:
Question # 8
The volume or quantity of goods are compared by_______
Question # 9
Commodities subject to considerable price variation should best be measured by
Question # 10
The volume or quantity of goods are compared by
Question # 11
Value of commodity can be calculate by the formula
Question # 12
The base period in fixed bases should be________
Question # 13
Geometric mean is a suitable average in ______ method.
Question # 14
For computing chain index , we compute
Question # 15
The price used in the construction of consumer price index numbers are.
Question # 16
Which index number has a wide soope
Question # 17
Which of the followingindices satisfies both the time reversal and factor reversal tests.
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 | Index for base period is always take as. |
A. zero
B. one
C. 200
D. 100
|
| 2 | The base period in fixed base should be |
A. Current year
B. Normal year
C. Highest year
D. Lowest year
|
| 3 | 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
|
| 4 | 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
|
| 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 | The most suitable average for computing of index number is: |
A. A.M
B. G.M
C. Median
D. H.M
|
| 7 | Laspeyres index number is also called as: |
A. Base year weight index number
B. Current year weight index number
C. Ideal index number
D. Fisher index number
|
| 8 | 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
|
| 9 | Geometric mean is a suitable average in ______ method. |
A. Price index
B. Chanin bases
C. Quantity index
D. Index mean
|
| 10 | CPI falls in the category of. |
A. A simple index
B. An aggregative
C. An inflationary index
D. Wholesale price index
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.