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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
The most suitable average for computing of index number is:
Question # 3
An index having a wide scope is called:
Question # 4
If Laspeyres index = 104.5, Paasche's index = 107.9, then, Fisher's ideal index is equal to:
Question # 5
Geometric mean of the relative is.
Question # 6
Circular test is satisfied by
Question # 7
While dealing with price we use ----------------- as weights
Question # 8
Geometric mean is a suitable average in ______ method.
Question # 9
An index that measures the change for a fixed time period is called.
Question # 10
Price of commodity in current year can be represented as
Question # 11
The price used in the construction of consumer price index numbers are.
Question # 12
If all the values considered in calculating an inxed are of equal importance, teh index is.
Question # 13
Paasche's index is also called
Question # 14
If we went to compare the prices of wheat then we have to compute.
Question # 15
Base yar weighted index number are.
Question # 16
If all values considered in calculating an index are of equal importance, the index is
Question # 17
When all the commodities are not of equal importance, the index numbers 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 | Which of the following indices has an upward bias. |
A. Laspeyres' index
B. Paache's index
C. Fisher's index
D. None of these
|
| 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 | In the price relative, the given year price is divided by the _________. |
A. Base year price
B. Current year price
C. Previous year price
D. None of these
|
| 4 | Composite inde numebr involves commodities. |
A. One
B. Two
C. Three
D. More than one
|
| 5 | 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
|
| 6 | If all values considered in calculating an index are of equal importance, the index is |
A. Weighted
B. Simple
C. Un weighted
D. None of these
|
| 7 | If all the value of have equal importance,then we have to assigned certain values is such index number are called. |
A. Weighted index number
B. Un-weighted index
C. Both A and B
D. Average
|
| 8 | 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
|
| 9 | Theoretically best average used in the construction of composite index in |
A. The arithmetic mean
B. The geometric mean
C. The median
D. The harmonic mean
|
| 10 | 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
|
Test Questions
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Merry
28 Mar 2016This is very inf0rmative site.